Today‘s Real Talk

How do I win at real estate? Cash flow.

In North Carolina, and across the entire world, everyone needs a place to live. People want a place to work and do business. Those who own the properties where people live and do business are the ones who collect cash flow and are winners.

It is also important to learn important Real Estate terms and definitions. Cap Rate. Cash on Cash Return. IRR. Terms that you commonly hear and must be able to understand if you are going to invest in Real Estate. Justin walks you through each of these terms today.

Multifamily Real Estate is popular. Many investors want to be in multifamily real estate because of the potential cash flow (whether passive or active) from the property. Do all counties, cities, and towns, like multifamily? Are all the financials related to multifamily investing true? Dante Belmonte of Victory Capital Group talks with Justin Ckezepis about multifamily real estate investing.

During Justin's Q&A Real Estate Session he answers these questions:

What is a good deal in Real Estate?

Do you think rents will go up or down over the next few years?

How did Justin get started in Real Estate?

Ready to learn about investing in multifamily real estate? Listen now.

Chapters

00:00 - 5:33 - Talking w/ Justin Today

05:33 - 10:14 - Common Real Estate Terms & Definitions

10:14 - 11:48 - Victory Capital Group

11:48 - 18:19 - Investing in North Carolina

18:19 - 26:02 - Analyzing Real Estate Deals

26:02 - 29:37 - Common LOI & Contract Terms

29:37 - 32:05 - Common Objections

32:05 - 39:15 - Funding Real Estate Deals

39:15 - 42:10 - North Carolina Markets

42:10 - 50:15 - Pitch Deck & Working w/Investors

50:15 - 54:14 - Property Management Companies & Other Expenses

54:14 - 56:44 - Wrap Up w/ Victory Capital Group

https://todaysrealtalk.com/

If you live anywhere in North Carolina, you’ve probably noticed that growth is happening at a rapid rate. While all of this economic growth and development is a positive thing, it must be managed carefully to reduce growing pains.

As the North Carolina real estate market continues to boom, you need to know what’s going on and hear from the people who live near you, so you have a say. Now more than ever, it’s important that we are good local stewards of the land and make choices that empower the community as a whole 5, 10, or even 20 years down the road.

On this episode, we welcomed Joel Gillie, the Public Affairs Director for Wayne County, North Carolina, to talk about this tremendous growth happening in Wayne County and throughout the rest of the state, as well as some of the challenges that come with it. We discuss the current comprehensive development plan for the 2022-2023 fiscal year and how the budget is affecting certain projects and developments.

Some of the issues we go over in this episode include the current public transportation system, like the existing bus system and the I-42 corridor, and how to grow transportation infrastructure in a way that benefits the population but doesn’t impede on businesses. We also talk about how to balance development while still prioritizing farmers, the future of Wayne County, specific development projects (like broadband internet connectivity), how to adjust public services in the wake of problems like the national fuel shortage, and other pertinent issues to a developing area.

Joel Gillie, Public Affairs Director for Wayne County, NC and Justin Ckezepis Talk About Development and the Challenges of Rapid Growth on Our Show

You need money to start a business. But as a small business owner, you only have so much funding to get started. This is where small business loans come in, and our latest episode, we go over what you need to know about getting a loan from the Small Business Administration with Mike Arriola.

Arriola originally started as the SBA officer for the Asheville area and eventually became the District Director for the entire state of North Carolina. Today, he oversees the SBA operations for over 900,000 small businesses throughout the state.

In this episode, we go over what exactly an SBA loan is, specifically the 7(a) guaranty process, why lenders decide to offer these loans, and why you should consider getting one of these loans if you’re trying to get your small business off the ground. We also go over some of the other tools and resources the SBA has for small business owners on top of their loan programs.

The SBA has resources that can help small business owners at any phase of their business’ lifecycle. Give this episode a listen if you’re thinking of or currently involved in starting a small business, and make sure to check back soon to see when our next episode goes live.  

How high can home prices continue to rise? What will the real estate market look like over the next twelve months?

Meet Dr. Yongqiang Chu, Director of the Childress Klein Center for Real Estate. What does the real estate market look like going forward into 2022? Will real estate prices go down? What’s causing the increased demand for real estate?

We answer these questions and others related to the current state of real estate in our most recent podcast.

In this episode, we’re joined by Dr. Yongqiang Chu, the Director of the Childress Klein Center for Real Estate. Dr. Chu is originally from China, and he came to the U.S. to complete his PhD at the University of Wisconsin-Madison. His career initially involved teaching finance, but today, his career is research-based, and he is currently working on several papers, one specifically about mortgage lending discrimination in today’s market.

We cover how the recent pandemic increased the demand for real estate throughout the country, but mainly here in the Charlotte, North Carolina area. Dr. Chu also makes a few predictions about interest rates and where real estate prices will head in a post-pandemic world. Other topics covered include what will solve current supply and demand issues and how these will affect local concerns about population and housing density.

Don’t miss this latest episode of Today’s Real Talk if you’re intrigued by real estate economics and have questions about housing and the real estate market for the upcoming year.

Dr. Chu - Director of the Childress Klein Center for Real Estate at University of North Carolina at Charlotte

The Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) is a congressional act that was passed because foreigners were selling property in the U.S. and not paying taxes or capital gains taxes on the sales. Richard’s goal is to simplify the FIRPTA process as much as possible and raise awareness about transactions dealing with foreign nationals.

Because foreign nationals are not subject to U.S. tax laws, FIRPTA requires buyers to withhold a percentage of the property sale to pay to the IRS – not taking this withholding following a transaction can result in an IRS penalty of 5% of the transaction’s value per month for up to 5 months.

Originally, this withholding amount was set at 10%, but during the Obama administration, the rate was changed to 15% under the Debt Reduction Act. The goal of raising this rate was to ensure there were sufficient funds to pay outstanding taxes on any transaction that occurred involving a foreign seller.

We go into further detail about what FIRPTA is and how it affects both buyers and sellers involved in the U.S. real estate market in this episode. Make sure you give it a listen, especially if you’re involved in real estate, and check back soon to see when our next episode goes live.

Richard Kahn of FIRPTA Refunds

Many people want to invest in real estate, and one of the reasons why they want to do this is because they think it’s easy. Although this is true to some extent, real estate investing is only easy when you have the right partners to help you out.

When you invest in real estate, access to capital will always be a necessity. On our latest episode of Today’s Real Talk, we are joined by Patrick Prunty and Stephanie Miller from Marshall Reddick Real Estate. This real estate investment firm is based out of California but takes deals all over the country.

One of the things that sets this investment firm apart is their transparency. They want investors to feel confident in their loans, and Marshall Reddick Real Estate funds out-of-the-box loans and deals that may not be a good fit for an institutional lender.

This investment firm is also an asset-based lender, so they fund deals with high loan-to-value ratios. All they do before agreeing to fund a deal is verify the value of the property instead of verifying your income. They’re not afraid to loan to anyone, and they also have their own real estate investors passively looking to invest in the deals they fund.

Real estate investing can be intimidating, but you must be willing to take the plunge. Learn more about this nontraditional approach to investing, especially if you are an investor yourself, and another side of the investment market in this episode.

Marshall Reddick Real Estate

The pandemic sped up the demand for online real estate closings, but are they really safe and credible? 

Electronic Notarization and Notary Enforcement Director at the NC Department of the Secretary of State, Ozie Stallworth, and Real Estate Attorney, Justin Ckezepis unpack the questions around real estate fraud prevention, pandemic closings, and e-closing changes!

On Today’s Real Talk, hosted by Justin Ckezepis, we go over hot topics in today’s real estate market, but we don’t just talk about the problems – we also introduce solutions.

Are there really any affordable health care plans outside of Obama Care in 2021?

This is one question nearly all individuals and businesses, ranging from real estate brokers to seasoned entrepreneurs, ask today.

In Episode Four of Today's Real Talk, Justin goes over this important healthcare and wealth planning topic with The Retirement Wealth Coach® Steven Crawford.

This can make securing health insurance incredibly expensive for individuals and business owners alike.

You can learn more about these solutions at http://www.figwealthadvisors.com.

With everyone at home and online more than ever, we discuss the increasingly important topic of cybersecurity and what you can do to protect your personal and business information. ‍‍‍‍‍‍ ‍‍Learn how to:

1. Protect your home against hackers 
2. How to protect your financial accounts 
3. What social media platforms to avoid to protect your privacy

Our special guest on this episode is John Stengel of JSCM Group, a company that offers security management and testing services designed to help people protect their sensitive information. ‍‍‍‍‍‍ ‍‍