Today‘s Real Talk

Today‘s Real Talk with Justin Ckezepis

Here we talk about North Carolina Real Estate, Business, and Life

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The Friendliest Town in the South - Blue Ridge Mountains, Equestrian Facility, and Lively Downtown
Oct 28 2022
The Friendliest Town in the South - Blue Ridge Mountains, Equestrian Facility, and Lively Downtown
Location. Location. Location. Here we talk about North Carolina Real Estate, Business, and Life.   Anytime you consider real estate, location is a top priority. What makes a house a "home"? Everyone wants to live in a great community. Today we find out from Zach Ollis - Town Manager of the Town of Tryon, North Carolina - what makes Tryon a great place to be.   Small town with convenient access to many of the surrounding major cities. That is what Tryon can offer. With amenities like the International Equestrian Facility, Harmon Field, Lake Lanier, and several vineyards; you can choose to sit and enjoy the views of the beautiful Blue Ridge Mountains or spend time adventuring.   Affordable living and a diverse community made up of those living full time in Tryon as well as the many that pass through for vacationing and even several families who spend part of their year living in Tryon - development continues to grow and with it, the annual budget for the Town of Tryon.   A community with a strong foundation and unlimited potential for its future.   Resources Town of Tryon: Tryon International Equestrian Center: Lake Lanier:   Q&As When are Property Taxes due in North Carolina? Why are interest rates adjusting so frequently? When I buy a property, do I have to get a survey?   Chapters 00:00 - 03:08: Intro 03:08 - 05:58: Guest Introduction (Zach Ollis - Town of Tryon, NC - Town Manager) 05:58 - 09:26: What is it like living in Tryon, North Carolina? 09:26 - 12:33: Equestrian Community in Tryon 12:33 - 14:06: Vineyards Throughout Tryon 14:06 - 16:22: Lake Lanier 16:22 - 19:39: Wastewater Treatment & Capacity for Development 19:39 - 22:05: Second Home Market in Tryon 22:05 - 25:57: Town of Tryon Budget 25:57 - 30:52: Property & Sales Tax in Tryon 30:52 - 34:34: Personnel Costs for Tryon 34:34 - 41:29: 2022 - 2023 Budget (Cap Ex, Police Department, Assets) 41:29 - 46:55: American Rescue Plan & Cares ACT Funds 46:55 - 50:03: Harmon Field Fund 50:03 - 51:49: Other Tryon NC Amenities & Things to do in Town 51:49 - 55:20: Geographic Advantage for Tryon and Outro w/ Zach 55:20 - 57:55: Q&A1 - When are property taxes due in North Carolina? 57:55 - 01:01:58: Q&A2 - Why are interest rates adjusting so frequently? 01:01:58 - 01:05:37: Q&A3 - Do I need to get a survey when I buy a property? 01:05:37 - 01:06:21 - Outro & Wrap Up w/ Justin
The Friendliest Town in the South - Blue Ridge Mountains, Equestrian Facility, and Lively Downtown
Oct 28 2022
The Friendliest Town in the South - Blue Ridge Mountains, Equestrian Facility, and Lively Downtown
Location. Location. Location. Here we talk about North Carolina Real Estate, Business, and Life.   Anytime you consider real estate, location is a top priority. What makes a house a "home"? Everyone wants to live in a great community. Today we find out from Zach Ollis - Town Manager of the Town of Tryon, North Carolina - what makes Tryon a great place to be.   Small town with convenient access to many of the surrounding major cities. That is what Tryon can offer. With amenities like the International Equestrian Facility, Harmon Field, Lake Lanier, and several vineyards; you can choose to sit and enjoy the views of the beautiful Blue Ridge Mountains or spend time adventuring.   Affordable living and a diverse community made up of those living full time in Tryon as well as the many that pass through for vacationing and even several families who spend part of their year living in Tryon - development continues to grow and with it, the annual budget for the Town of Tryon.   A community with a strong foundation and unlimited potential for its future.   Resources Town of Tryon: Tryon International Equestrian Center: Lake Lanier:   Q&As When are Property Taxes due in North Carolina? Why are interest rates adjusting so frequently? When I buy a property, do I have to get a survey?   Chapters 00:00 - 03:08: Intro 03:08 - 05:58: Guest Introduction (Zach Ollis - Town of Tryon, NC - Town Manager) 05:58 - 09:26: What is it like living in Tryon, North Carolina? 09:26 - 12:33: Equestrian Community in Tryon 12:33 - 14:06: Vineyards Throughout Tryon 14:06 - 16:22: Lake Lanier 16:22 - 19:39: Wastewater Treatment & Capacity for Development 19:39 - 22:05: Second Home Market in Tryon 22:05 - 25:57: Town of Tryon Budget 25:57 - 30:52: Property & Sales Tax in Tryon 30:52 - 34:34: Personnel Costs for Tryon 34:34 - 41:29: 2022 - 2023 Budget (Cap Ex, Police Department, Assets) 41:29 - 46:55: American Rescue Plan & Cares ACT Funds 46:55 - 50:03: Harmon Field Fund 50:03 - 51:49: Other Tryon NC Amenities & Things to do in Town 51:49 - 55:20: Geographic Advantage for Tryon and Outro w/ Zach 55:20 - 57:55: Q&A1 - When are property taxes due in North Carolina? 57:55 - 01:01:58: Q&A2 - Why are interest rates adjusting so frequently? 01:01:58 - 01:05:37: Q&A3 - Do I need to get a survey when I buy a property? 01:05:37 - 01:06:21 - Outro & Wrap Up w/ Justin
Are you getting the most out of your real estate investments? Cost Segregation
Oct 28 2022
Are you getting the most out of your real estate investments? Cost Segregation
Have you purchased your first investment property? What are the tax strategies you plan to use? Have you considered Cost Segregation? If you are thinking of investing in Real Estate, you will need some tools and resources to help you succeed. The IRS (Internal Revenue Service) Tax Code contains many sections dealing with Real Estate. Changes based on the Tax Cuts and Jobs Act have pumped certain Real Estate concepts, such as Depreciation, Cost Segregation, and Bonus Depreciation, to new levels. Those with Real Estate Professional Status can take advantage of these changes. How long will Bonus Depreciation remain accelerated? Is it a good think to use Cost Segregation if you are going to be selling the real estate property in a short amount of time? What is the process for obtaining a Cost Segregation study? All that and more as Justin Ckezepis of Today's Real Talk sits down with Yonah Weiss to discuss Cost Segregation in Real Estate.   References Yonah Weiss: Cut and Jobs Act: IRS Tax Cuts and Jobs Act - Comparison for Businesses: IRS Cost Segregation Audit Techniques Guide: Today's Real Talk: Want content sent directly to your device? Text 'Get Real' to 844-STUDIO-4 Have you enabled Amazon and Google Home skills? "Hey Alexa, play Today's Real Talk!" "Hey, Google, play Today's Real Talk!" All shows streaming wherever you like to listen to your podcasts   Chapters 0:00 - 3:33: Talking w/Justin Today 3:33 - 7:17: Intro w/ Yonah Weiss 7:17 - 16:57: Top Terms in Cost Segregation 16:57 - 19:49: Real Estate Professional Status 19:49 - 23:38: Breaking Down Financials in a Cost Segregation Analysis 23:38 - 25:34: Ground Up Development vs. Value Add Property 25:34 - 28:18: The Cons of Doing Cost Segregation 28:18 - 31:51: What is Depreciation Recapture? 31:51 - 33:51: 1031 Exchanges and Off-Setting Gains & Losses with a Lazy 1031 Exchange 33:51 - 34:57: The Important of Real Estate Teams 34:57 - 36:34: Who currently uses Cost Segregation? 36:34 - 38:34: The Short Term Rental Loophole 38:34 - 41:20: The Future of the Real Estate Market and Cost Segregation 41:20 - 43:51: Adoption of Cost Segregation in the Marketplace 43:51 - 44:33: Outro w/ Yonah 44:33 - 47:31: Q&A #1: What is the future of the Real Estate Market in North Carolina? 47:31 - 49:04: Q&A #2: What type of taxes do I pay when earning $ in real estate? 49:04 - 53:15: Q&A #3: When are you financially prepared to buy a home? 53:15 - 54:04: Wrap Up & Outro
Want to win in Real Estate? Cash Flow Matters w/ Multifamily Investing
Sep 27 2022
Want to win in Real Estate? Cash Flow Matters w/ Multifamily Investing
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
Is Agriculture and Industrial the future of development in Wayne County North Carolina?
Sep 27 2022
Is Agriculture and Industrial the future of development in Wayne County North Carolina?
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
Real Estate Economics: The Future of Our Market
Jan 6 2022
Real Estate Economics: The Future of Our Market
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
Active & Passive Investing: Real Estate
Nov 5 2021
Active & Passive Investing: Real Estate
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
Tiny Houses: A Powerful Solution to Affordable Housing
Jul 3 2018
Tiny Houses: A Powerful Solution to Affordable Housing
WHY IS AFFORDABLE HOUSING AN ISSUE RIGHT NOW? Back in 2005, when the housing market started to decline through the main crash in 2008/2009, people started getting loans for properties when they shouldn’t have. Combine that with a slowed job market, and many of these people had to default on their loans. A decade later, while the market has grown significantly, we’re still not in a normal situation, since market inventory is low and there’s a high demand for homes, especially in the $100,000 to $250,000 range. Even ready, willing, and able buyers have to offer more for homes than they’re worth, which makes finding affordable housing a difficult process. A SOLUTION IN THE MARKET: We brought up one solution to this problem by bringing Kelvin Young of KEYO Tiny House onto our show. He builds beautiful, stick-built tiny homes and is driven to do this to bring affordable housing to the marketplace. These homes feature high-end appliances, tankless water heaters, granite surfaces, 16-foot ceilings, and a host of other incredible amenities. THE HOUSING CRISIS CONTINUED In the second part of Today’s Real Talk Episode 1 podcast, we continue to cover the affordable housing crisis in relation to relaxed land use and zoning rules. We bring back Kevin Young from KEYO Tiny House, as well as Levi Santos from MVB Bank. Levi runs a program that was originally designed for people building custom homes, but today is used for those building a KEYO Tiny House. Through this program, buyers with a minimum score of 660 can qualify for a mortgage to build a KEYO Tiny House. With this opportunity, they also have the flexibility to build on property where they normally wouldn’t be able to afford to live, like right off of Lake Norman. THE FINAL WORD We enjoyed talking about what’s going on in the market in terms of affordable housing right now and hope you go ahead and listen to this two episodes in their entirety. Catch us next time on Today’s Real Talk! Resource Links: KEYO Tiny House:  Santos with MVB Mortgage: Regional REALTOR® Association April 2018 Market Report:  Association of REALTORS® Stats:  Article Discussing Affordable Housing Solutions:  AutoMower Video:  for a Real Estate School to take your Continuing Education courses? Look no further!