All Forum Posts by: Katie Dortch

Corrected link to Job Description

Our company is hiring for a full-time marketing position at our office in Cary. Take a look at the job description linked below and apply if interested. 

About Tii & AG Homes

Tii sources investment opportunities and works with individuals to provide a passive investment channel through real estate. We began in 2014 focusing on large-scale fix and flip renovations with in-house property management. As the years passed, we added a land development and new construction wing of the company: AG Homes. Our vision is to provide 1000 housing units in the next 7 years. Our internal culture is important to us; we are like a family, and operate within the confines of the following core values: Stewardship, Integrity, Excellence, and Communication.

If this sounds like a company that aligns with you, we’d love to consider you for a seat around the table.

Job Description: Marketing & Communications

Apply Here

*please RSVP on meetup.com

https://meetu.ps/e/Lr4HD/GJq2N...

Join us as Mikayla from Raleigh Wealth talks to Raleigh InvestHERs about financial planning and how to use real estate strategically to build long term wealth!

InvestHER is an organization for women in real estate. There is a podcast, thriving Facebook community and meetups all over the country. The Raleigh chapter meets monthly - come and visit! We’d love to get you plugged in! 

This month we have Kristi, a guest speaker, who is coming to talk to us about Property Management.

Kristi is the owner of Abare Real Estate & Property Management, a company she started in 2015 after working for larger Property Management firms and seeing a need for a company that cares about investors and their properties. Her motto is to treat your property as if it was her own. She is a licensed Real Estate Broker, a member of the National Association of Residential Property Managers, Triangle Apartment Associations, and most importantly a mother and grandmother.

We will have an opportunity for Q&A, and of course, networking! So, if you're interested in an evening spent with like-minded women, please RSVP on meetup.com

Location: Carolina Ale House

Who here is local to the Raleigh, NC market and has done a good job of establishing automations in their real estate business? By way of establishing processes, implementing technology, etc.... 

I am looking for an experienced investor to come and talk to our group about business automations in real estate. 

Female Investors in Raleigh - Join us for this in-person event this coming Monday evening!

Raleigh's InvestHER Chapter is hosting a panel that includes - Private Money Lenders, A Hard Money Lender, A Commercial Money Lender, and an investor experienced in Creative Financing. 

On the panel, we have:

- Adam Schneider - Private/Hard Money Lender

- Pamela Fisher - Creative Financing 

- David Cruise - Hard Money Lender

- Jenny Lee - Private Lender

- Camille Roundtree - Commercial

Questions:

Private/Hard Money Questions

- Intro: Your experience level (background, your current business model / personal real estate investing goals)

- Typical client base / What sort of products do you like to lend to?

- What would you say is the difference between Private Money Lending and Hard Money Lending?

- What's important to you? What you look for in a client - financials, experience, communication

- Terms you offer

- Example lending scenarios

Creative Financing questions:

- Intro: Your experience level (background, your current business model and real estate investing goals)

- What is creative financing?

- Possible structures of creative financing

- An example: What would a conversation look like when trying to get a seller to agree to creative financing?

Commercial Lending Questions:

- What sort of products do you like to lend to?

- What's important to you? What you look for in a client - financials, experience, communication

- An example of a lending scenario

See you there! RSVP on Meetup.com - https://bit.ly/3q6pazI

InvestHER IG: https://www.instagram.com/therealestateinvesther/

InvestHER FB: https://www.facebook.com/groups/therealestateinvesther

InvestHER Linkedin: https://www.linkedin.com/company/the-real-estate-investher/

InvestHER Website: https://www.therealestateinvesther.com/

InvestHER Podcast: https://www.therealestateinvesther.com/podcast

I'm planning out content for the year and looking for various experienced individuals / investors / professional services to come and talk to our group on the following topics:

- Business Automations: What to automate and how to do it

- Operations of multifamily properties (medium to large)

- Various types of lending (panel style): creative financing, hard money, common terms, places to lend

- Wholesaling

- How to build your team

- Entity structures / tax strategies - CPA / Attorney

This would be in a casual, in person setting. Let me know if you're interested and we'll get it on the books.

Thank you!

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $154,000
Cash invested: $85,000
Sale price: $335,000

Aptly named, this house was a pain in the rear. Ended up needing way more work than we originally anticipated. We basically had to reframe the entire house. Probably should have been a tear down rebuild.

What made you interested in investing in this type of deal?

Smaller home, so attainable for a larger majority of buyers. Desirable area in downtown Raleigh. The project fell within the scope of our capabilities and in line with our ideal flip at the time.

How did you finance this deal?

Private investors

How did you add value to the deal?

Reframed the entire home, changed the layout from a 2/1 to 3/2, but preserved some if it's character (kept the original fireplace)

What was the outcome?

At the conclusion of the project, the original buyers backed out due to COVID hitting, so it sat on the market a bit longer than anticipated. Also, we feel that we may have had an easier time selling had we renovated differently.

Lessons learned? Challenges?

Know the end buyer prior to making layout changes. In this area, buyers would have been happy with a well-laid out, more spacious 2 bedroom home.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Matt Lees with Brecken and Oaks RE Team

Investment Info:

Single-family residence fix & flip investment in Durham.

Purchase price: $230,000
Cash invested: $55,000
Sale price: $376,000

Split level homes seemed to seek us out ever since The Modern Split Flip, but we'd never done a dutch colonial style home before! It was a fun project.

What made you interested in investing in this type of deal?

The numbers and location were initially the most convincing. We felt it would produce a solid investment opportunity for our lenders.

How did you find this deal and how did you negotiate it?

Found this deal via PPC - Google ad marketing efforts. Sellers didn't like the idea of selling to a big "box store" home buying company, liked the family owned aspect. Took our offer despite having higher offers. This doesn't happen every day.

How did you finance this deal?

100% by private lenders: a first position + second position lender.

How did you add value to the deal?

The scope of work included removing a few walls, full remodel of all bathrooms and kitchen, refinishing existing hardwood floors, replacing bannisters lighting and hardware, exterior paint and landscaping

What was the outcome?

It was a successful project. Unfortunately it took quite a bit longer than we anticipated due to permitting delays.

Lessons learned? Challenges?

This project gave us the realization that we had a lot of growth to do in the design/planning phase of the renovation process. We have since made great strides to streamline this.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes, Matt Lees was our broker. Highly recommend.

Join the North Jersey InvestHER group this month as they moderate a panel of General Contractors, virtually! RSVP to watch the event, here

As real estate investors, one of the most important relationships to develop is the one with our general contractor. So we thought... Let's bring in some of our most trusted contractors and let's talk about how we can do that! Come ask them anything you'd like to know!

Presenting:
Gloria M. Fuentes with G. Marie and Co.
Kristie Veri with Cleanscape Construction
Courtney Spencer with Essential Renovations

The Real Estate InvestHER® is more than a community - it is a movement. Our mission is to empower women in real estate to live a financially free and balanced life. We are dedicated to creating empowering online and in-person communities where women have a non-intimidating environment to receive the support, knowledge, and accountability to live life on their own terms. We launched our podcast and community in 2018 and here is snapshot of our community:

• 200,000+ downloads for the Real Estate InvestHER Podcast
• 40+ meetups around the country & Canada, 9000+ members in the InvestHER Network on Meetup.com.
• 7000+ community members of a private & free InvestHER FB community.
• 400+ members of our paid (and non paid) one-of-a-kind Membership