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

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.

What we have done is make sure that YOU are protected. We disclose what type of house, which neighborhood, subdivisions, or area that the possible property is located in. Our staff performs title searches, appraisals, inspections if possible, up to date rental rates, and other comps.  We fully disclose everything we have access to, so YOU fully understand and are educated about the Investment you will make.

When purchasing one of our Investment Properties, everything happens on a first come first serve basis. Whoever calls us first is the client we work with on that one property. The only way we can take everyone serious when dealing with this much opportunity for profit is make sure that anyone who shows consideration in making a offer for one of these property is pre-qualified by us.

There is money to be made and let us show you how to get your hands on it. Whether you want to earn instant equity or you want to generate cash flow, give us a call.

Thank you again for your time, and keep looking for Part 4 to follow shortly. Please don’t hesitate to call myself or any staff member at Venture Investments – Charlotte North Carolina’s Real Estate Experts  (704) 597-9009 or Visit the Venture Companies Website Here

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.

Venture Realty

Like anything, if you don’t have a good supporting cast, you will fall flat on your face. I am very lucky to be surrounded by some of the best agents and staff in the Charlotte area. With this staff I feel we can provide the services that will beat your expectations.

In our Realty Section, we offer more than anyone else. Through our marketing side, special photography, TV / Radio Commercials, and websites, your listing will be seen by more people, sell faster, and for the most money. When it comes to buying a home we will go the extra mile to help you get into the home of your dreams. We can help you if you feel stuck in your current home or feel like you don’t have any money to put down.

We pride ourselves being the best Real Estate Company in Charlotte, not to make the most money or the most sales, but just being the best. I have said it before you can either quit using out of date “old school” selling techniques or you can end up being the laughing stock of the neighborhood. While many home sellers are dropping prices again and again in hopes of attracting a buyer, I use innovative offers to attract buyers. You need to know what you are getting into when you hire an agent. When you hire Venture Realty, we put all of our services in writing right up front so you always know exactly what we are going to do to get your home SOLD. Check us out at www.VentureNC.com if you want to find out more information about us.

Thank you for your time again, and keep looking for Part 2, 3, and 4 to follow shortly. Please don’t hesitate to contact us at Venture Realty. Contact us Today (704)597 -9009

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…

I invested in my first Investment Property in 1999 in Charlotte, NC. My goal was to pay for my child’s college education with one house. I was a finance major in college while working on my MBA. I became interested in Investments after speaking with a lady who had moved a home that was scheduled to be demolished because of a new road being built. She paid movers to move the home onto land that she bought nearby. After all was said and done, the home appraised for over $200k and she has less than $150k invested. I WAS HOOKED. I researched the process and bought my first Investment Property the next month. I had No Money, and had to use a bridge loan for a down payment. I bought the house for $65k and it immediately appraised for 98K. I then refinanced the home for $78k and took out $13k and pain my student loans off. I got a 15 year loan on the property at 7.5%. This is how the numbers worked:

Purchase price $65,000

Loan Amount $78,000

Appraised Value $98,000

Interest Rate $7.5%

Term 15 years

Payment $723/month

Taxes and Insurance $150/month (Total Payment $873/month)

Rental Rate 1998 rental rate $1000/month 2006 Rental Rate $1200/month

I sold this property last year for $111,000. If I would have kept it, it would have been paid for in 7 more years. That is how you pay for College with one property. I had no personal money invested and over a 15 year period, it is paid for. The house when sold should be worth enough to pay for college for one or maybe two children.

We are constantly asked how to Invest in the Real Estate. Here at Venture Investments, we give YOU the same opportunity to be able to buy like I do and help you through the process. Venture Investments is the only company that I know of in the Charlotte Area that offers a way to teach people how to buy Investment Properties with Safe and Proven methods.

To learn how you too can participate in what I know to be a Great Way to Pay for College, give us a call and ask to speak to one of our Investment Specialist. We will teach you everything you need to know and how to avoid the mistakes that I made along the way.

704-597-7187 or visit Venture Companies Website Here