Archive for January, 2017

Thu, Feb 2nd at 6:30PM @ Rain Tree Country Club
Charlotte REIA – February 2nd
6:30 PM at the Rain Tree Country Club,
8600 Raintree Ln, Charlotte, NC 28270
How to Buy a Small
Multi-Family Property
with Kenny RoundTree
Charlotte REIA Members Can Attend for NO CHARGE.
Guests Pay $15 Online or $20 at the Door. RSVP Now!

Kenny RoundtreeThe natural tendency for any new investor is to start small and work their way into the business. This works in some cases, but eventually they will want to move towards bigger deals with higher returns. One of the areas where investors can look for bigger returns is with multifamily properties. The greater the number of units, the higher chance they can reduce their vacancy factor and generate more cash flow. Just by adding only one or two more units scares off many investors and leaves them panicked. However, investing in multifamily properties can be very profitable and a lot easier than you think.

Kenny Roundtree has 25 yr’s experience in investing. He currently owns several houses and small apartment buildings. Kenny enjoys helping and putting together multifamily projects for investors. He is the owner of Edwards & Chase Affordable Housing Specialists since 2009. Kenny’s Objective has been to improve and uplift “struggling” neighborhoods in the Greensboro area. He set a goal to Secured a 10 unit project at budget which generated a 25% annual cash on cash return and achieved it. Then went on to Completing two 5 unit apartment buildings that that have generated a 20% total return. He currently, Maintains a 95% occupancy rate versus the average of 85% for the city of Greensboro. Kenny has also been Board member of Triad REIA.

Kenny believes that for every investor that focuses on single family properties, there are others that exclusively entertain multi family properties. Instead of closing ten individual single family transactions, they can get to their ten units in as little as just one deal. Even if they close two four-family properties, they can scale more quickly. This comes at a higher cost per property, but there is something to be said in closing only a few deals a year rather than trying to close multiple deals to get to the same point. It is also easier to manage two physical locations rather than scrambling around managing ten. If you can get the same number of rent checks coming in, but only have to focus on a handful of properties, it is more appealing. Is it starting to make sense why the single family vs multi family argument is still continuing to this day? It’s clear they both offer significant advantages to the investors who choose to take them on.

Having multiple units also increases your chances at collecting rent every month. If you have one single family property and the tenant stops paying, you have no other source of income for that property. On multi-unit properties, you have multiple tenants that will theoretically pay you rent every month. One tenant that stops paying on a ten unit property will not send you into delinquency. It is less expensive to own a multi-unit property than most people think. Even though you have additional units, you still only have one roof, one yard, one driveway and one basement.

There is also much greater upside potential on a commercial property than with any single family one. When you decide to sell a single family house, you are largely at the mercy of the market and the comparable sales around you. If the area is depressed, you can have the nicest home on the block but your comparables will dictate a lower sales price. With commercial properties, you can offset a shift in the market by using market rents as a way to calculate value. If rents are strong, they will be the most important factor that buyers look at.

This month Kenny will share with you how he Evaluates a 6 Unit. We’ll cover how to Determine rehab costs, securing contractors, and Acquisitions.

This month at the Charlotte REIA Main Meeting on Thursday, February 2nd at 6:30PM, Kenny Roundtree will share with you how he Evaluates a 6 Unit. We’ll cover how to Determine rehab costs, securing contractors, and Acquisitions. The meeting will take place at the Rain Tree Country Club which is located at 8600 Raintree Ln in Charlotte, NC

Charlotte REIA Members Please RSVP on Meetup.com
Charlotte REIA Members Please RSVP on Meetup.com

RSVP Now!

As always, Charlotte REIA Members can attend the event at no charge and Non-Members can Register Online for $15 or pay $20 at the door. Be sure to bring your business cards with you and join us for an evening of real estate deals, vendors, networking, education and fun! See you there!

See Charlotte REIA Events Calendar for More Events!
Wed, January 25th @ 7PM on GoToWebinar
Beginning Investors Group Online
How to Jump-Start Your Real Estate Investing Business in 2017!
with Don DeRosa, Jan 25th @ 7PM

No Charge to Attend for Members or Guests
Who Attend Online via GoToWebinar.com!

Register Now!

Beginning Investors Group Online (The BIG O)The Beginning Investors Group Online (The “Big O” or BIGO) is an new online educational group that currently meets on the 4th Wednesday for new investors who are just getting started in real estate investing as well as “new again” real estate investors who’ve taken a few years off and are looking to get back in the game.

Each month, we will be bringing in local and national real estate experts to teach new investors how to survive and thrive in our ever changing economy and real estate market. The entire purpose of this group is to help new investors get their first deal and help new again investors get their next deal.

Don DeRosaDon DeRosa will help us kick off our first meeting of the New Year 2017 on Wednesday, January 25th at 7:00PM ET. Don is a full-time, active real estate investor, coach and trainer who had done all types of real estate deals such as wholesaling, creative financing on pretty house deals, rehabbing and retailing, rentals, short sales, foreclosures, new construction, private lending and much, much more. This year, Don is focusing on fixing and flipping and doing creative deals with his coaching students.

Join Don at BIG Online as he teaches you the quickest and easiest way to get started in the real estate investing business with limited time and funds. He will also talk about his upcoming training workshops and boot camps for 2017 that he is doing as well as the Property Protege Group and Coaching Program.

TO ATTEND ONLINE: 7:00PM Start Time. To attend the Beginning Investors Group Online via your PC, smart phone or tablet, Register Here for the Meeting on GoToWebinar.com and you will be emailed login instructions for the event.

No Charge to Attend for Members or Guests
Who Attend Online via GoToWebinar.com!

Register Now!

Once you get your Webinar Confirmation Email, you can login on about 5-10 minutes prior to the 7PM start time to reserve a spot using your PC, Mac, Tablet or Smart Phone. You can download the GoToWebinar App here on iTunes App Store or the Google Play Store.

See Charlotte REIA Events Calendar for More Events!
Thu, Jan 5th at 6PM @ Crowne Plaza Charlotte Executive Park
Charlotte REIA – January 5th
at the Crowne Plaza Charlotte Executive Park
Knowledge is Money
An Open Forum with Attorney Mary Hart
MEETING CANCELLED DUE TO FAMILY EMERGENCY

Mary HartDon’t miss the Charlotte REIA Main Meeting on Thursday, January 5th at 6PM, where our special guest speaker will be Attorney Mary Hart who is a NC Licensed Realtor and an active real estate investor, owning several properties in North Carolina and Kentucky. The meeting will take place at the Crowne Plaza Hotel Charlotte Executive Park which is located at 5700 Westpark Dr in Charlotte, NC

Mary believes in preserving wealth through Estate Planning, Asset Protection Planning, Investing with Self-Directed IRAs, Private Money Lending, Selling Real Estate through a Section 1031 Tax-Deferred Exchange and more.

Mary also believes that financial literacy is missing in the lives of most Americans as financial education is not generally taught in the school system and she hopes to help raise awareness of the importance of financial knowledge to the quality of life of all Americans.

Mary established The Hart Law Group, P.C. in 2006 in Asheville. She has been voted the #1 attorney in Asheville by Mtn Xpress (a local independent publication) readers for the last two years. She is also the owner of Carolina 1031 Exchange, LLC which serves as a Qualified Intermediary and Exchange Accommodation Titleholder for Section 1031 like-kind tax-deferred exchanges.

If you are serious about building wealth in today’s real estate market, you don’t want to miss this forum! RSVP Now!

Charlotte REIA Members Please RSVP on Meetup.com
Charlotte REIA Members Please RSVP on Meetup.com

RSVP Now!

CRowne Plaza Charlotte Executive ParkAll this is happening at the Charlotte REIA main meeting on Thursday, January 5th at 6PM at the Crowne Plaza Charlotte Executive Park located at 5700 Westpark Dr in Charlotte, NC.

As always, Charlotte REIA Members can attend the event at no charge and Non-Members can Register Online for $15 or pay $20 at the door. Be sure to bring your business cards with you and join us for an evening of real estate deals, vendors, networking, education and fun! See you there!

Late Nite Networking in the Hotel Lounge

Crowne Plaza Charlotte Executive ParkAfter the conclusion of the Charlotte REIA Meeting, we will be reconvening in the Crowne Plaza’s Hotel Lounge for Late Nite Networking. Food and drink specials for our members and guests. Come eat, drink, network and have fun with us as hang out late into the night!

*Meeting Agenda
6:00 PM: Meet, Greet & Networking
6:30 PM: Announcements, Introductions, Haves & Wants
7:30 PM: Special Open Forum with Attorney Mary Hart
9:30 PM: Late Night Networking in Hotel Lounge

*Please Note: Meeting agenda is subject to change.

See Charlotte REIA Events Calendar for More Events!

Mary Hart

Posted on January 3, 2017 by

Mary HartFor over 24 years, Mary Hart has represented a broad cross-section of clients in a variety of matters including wills, trusts, estate and gift tax planning (including estate planning for family owned businesses and large estates), long term care planning, trust and estate administration and litigation, guardianship matters, income taxation, commercial and residential real estate law (including §1031 exchanges, real estate closings, and lease/contract negotiations), construction law, contract law, and business law. She is the owner of Carolina 1031 Exchange, LLC which serves as a Qualified Intermediary and Exchange Accommodation Titleholder for Section 1031 like-kind tax-deferred exchanges, and she is an active real estate investor.  Read More→