The Venture Report

Mortgage banker: Cabarrus, Iredell look solid

Cabarrus and Iredell projected to lead with double-digit jump in percentage of households.

Despite the economic downturn that has slowed home building locally and nationwide, Cabarrus and Iredell counties in North Carolina can expect solid housing growth over the next five years, a Bank of America official said.

Cabarrus is expected to lead a four-county region with a projected 18 percent increase in its number of households through 2013, said Ken Bernardo, a senior vice president with the bank. He is the bank’s Cabarrus County market president and a mortgage sales manager.

Iredell will have a healthy increase of slightly above 17percent, well ahead of projections for Rowan and Gaston, the two other counties for which Bernardo released projections at a gathering of about 100 members of the Lake Norman Home Builders Association last week.

Gaston County can expect a 6percent increase in its number of households and Rowan County a 4percent increase, Bernardo said. He didn’t say what his projections were based on. Efforts to reach him later were unsuccessful.

Bernardo told the homebuilders that Cabarrus and Gaston will lead the study area in projected housing purchases this year; he projects there will be 6,500 home purchases in Cabarrus, 4,800 in Gaston, 3,900 in Iredell and 2,200 in Rowan. He said 40percent of sales are projected to be in the $50,000-to- $100,000 price range.

Bernardo told the Observer the projections were good news for an area that’s no longer immune to the national housing slowdown.

Several homebuilders at the gathering said many in their profession are relying on remodeling projects to stay afloat.

Elliot Eisenberg, senior economist for the National Association of Home Builders in Washington, urged those attending to contact their congressional delegations to assist the industry.

Too much is at stake for local communities, he said, to forgo federal action.

Eisenberg, keynote speaker, said the new-home construction industry, taken as a whole, generates more jobs in the Charlotte region – 18,300 – than anything but Carolinas HealthCare System and the former Wachovia, now Wells Fargo.

“Had I done this report a couple of years ago, that number would have been double,” Eisenberg said of the new-construction jobs.

Source – Joe Marusak of charlotteobserver.com
jmarusak@charlotteobserver.com

Visit Venture Companies and Larry Thompson – North Carolina Real Estate and Mortgage Experts

Part 3

Hello again, and thank you for taking time and allowing me to share with you who we are at Venture Companies. Here is part 3 of this 4 part series on (Who We Are and What We Do). If you missed part 1 (Venture Realty) or 2 (1st Metropolitan Mortgage) please take some time to read the posts and understand everything we can offer you.

Venture Investments

On our Investment side, we have a niche in Charlotte. I got my start in Real Estate when I bought my first Investment Property. Through my experience I realized the amount of money that could be made when buying at a discount. I wanted to offer the public access to what only Professional Investors knew about buying and selling of Investment Properties, thus Venture Investment was created. We have a full time Investment Director, who is constantly looking for Foreclosures every day.  We actually go out and take pictures of these properties and upload then to our website and email them to our members in the Exclusive VIP buyers club.

Continue reading “Venture Companies, who we are and what we do! Part 3″

Venture Companies, who we are and what we do!
Part 1

Hello again, and thank you for taking time and allowing me to share with you who we are at Venture Companies. By first explaining who we are, I felt I should tell you why we started. Venture Companies was started originally because I had a vision that Real Estate and Mortgages should all be together, and that they should all support one another. I created Venture Companies to be a One Stop Source for all your Real Estate, Mortgage Financing, and Investing needs. Under the Venture Companies umbrella, we have Venture Realty, Venture Investments, and a branch of 1st Metropolitan Mortgage all together. As we grew I found that Attorneys should be close by and that every division should work closely together to provide the convenience of having everything in one place for our clients. I feel the Venture Companies is so blessed to have the customers we do and I wanted to let all of you know every service we offer our customer. In this four part series I will go into detail about every division of our company below.
Continue reading “Venture Companies, who we are and what we do!”

How to Pay For College with One Investment Property…

Investment properties seem to be hot topics these days. Every night you can tune into the latest infomercial showing you how to make millions with “No Money Down”. I have purchased these programs and studied the industry and I am here to tell you that it DOES work, but NOT the way they tell you to do it. As the Owner and Founder of Venture Investments, I believe that there is a right way and a wrong way to Invest. I show people the RIGHT way.

Here is my story on how I got started… Continue reading “How to Pay For College with One Investment Property….”