All Forum Posts by: Adam Schneider

We are local investors who network with other wholesale investors and community real estate individuals. We share wholesale deals with each other. Find out how we find and acquire real estate properties that are on the standard channels (like MLS). Come Network with Real Estate Investors, Brokers, Agents, Lenders, Joint Venture Partners, Money Partners, Wholesalers, Landlords, Business Owners, Entrepreneurs, and other like minded people. FREE Admission.

NOTE: Parking is FREE. Use the parking deck attached to the Hotel/Carolina Ale House. You must grab a ticket as you enter and will be given a card for complimentary parking while at the meeting.

Networking and Check-In starts @ 6:30 pm
Presentations start promptly @ 7 pm

@Alex Thomsen

The standard NC contract (2-T) has two different deposit options. The Earnest Money Deposit (EMD) is refundable during the Due Diligence (inspection) period, and goes hard at the expiration of the DD period. That's held in escrow, usually by an attorney. The Due Diligence deposit is non-refundable and goes straight to the seller. You referenced Earnest Money and then referenced that it's non-refundable. So, I'm wondering if it's the 2-T that you are using or a different contract. Just a heads up for future reference. This deal that you mentioned sounds at first blush that it's dead in the water because of the large deposit.

The next one will be January 13, 2025. 6:30 pm check in, 7 pm start.

Hello Evan. Three parts to the sauce for what you are describing...1. Boots on the ground exposure, as David Krulac mentioned. 2. Be able to share your value proposition quickly --there are tons of real estate attorneys, you'll want to have a niche  3. Word of Mouth....asking clients to help you spread the word is so valuable.

@Eric Davis

Are you looking for a private, hard money, or long term lender?

@Keith Tarasiewicz

This reply may be too late...

Anybody can file the Lis Pendens for you. Brock and Scott will be on the expensive side, and slow. Almost all--but not all--counties in NC are doing e-recordings of many types of real estate transactions. If the issue can be submitted electronically, it won't matter where the attorney is located.

Here's some pleasure reading on the topic....

https://www.ncleg.net/EnactedLegislation/Statutes/PDF/ByArti...

https://codes.findlaw.com/nc/chapter-1-civil-procedure/nc-ge...

@Nixon C.

How much money are you planning on putting down for the self storage investment?

@Tanner Miller Chris Martin is at good as it gets when it comes to the topic you asked about.

@Logan Carter. Google NC G$ 42. North Carolina General Statues, Chapter 42. This will provide the NC laws regarding landlord-tenant notices, evictions, tenancies, etc.