October 2021 CCREIA Meeting Topic:
Rental Strategies - AirBNB, VRBO or Rent Annually?
Join us this Thursday to learn from some dynamic, local, Short Term Rental (STR) investors that own properties at the beaches, mountains & in the downtown areas. Our presenters will be Joe Prillaman (in person) & David Billito via Zoom. They will be available to explain what they do and provide information on the following:
More About Our Presenters
About Joe Prillaman
Joe & his wife purchased their first investment property in Fayetteville, NC in 2018. Their current portfolio consists of 9 properties and 16 doors. 10 of the doors are short term rentals in Carolina Beach, NC. They have over 1000 reviews on Airbnb and this last year they have maintained a 94% occupancy rate while generating over $500,000 in gross income. They have maintained an average of 4.9 star rating on Airbnb since starting short term rentals in 2019 and this year alone have hosted over 800 reservations.
About David Billito
Dave and his wife Pam were some of the early operators of short term rentals in Downtown Wilmington. They have experience renting through AirBNB and through their own website. They also own properties in the NC mountains and are very creative with their investments
Pizza & drinks (and cookies if you arrive early enough) will be served.
We recommend that attendees are vaccinated or wear masks or are in compliance with the latest with NC & CDC guidelines.
We'd love to see you there! Please RSVP with the link above so we know how much food to order!
~Coastal REIA Board
PS - Unless noted on the calendar/email notice otherwise, CCREIA meetings are always held the 2nd Thursday of each month.
September CCREIA Meeting Topic:
Cover Your A** - Insurance Matters
Join us Thursday, September 9th as one of our CCREIA founding members, Josh Heinberg of Heinburg Insurance, discusses what types of insurance policies work best for your investment strategies. The topics we'll cover will include:
With storm season in full swing, this speaker and topic will be sure to answer some questions you may have about your current and future investments.
We'd love to see you there! Please RSVP with the link so we know how much food to order!
August CCREIA Meeting Topic:
Money! Money! Money!
Creative Financing methods & Commercial Financing made easy.
Eagles Coast Capital, Real Estate Investor & Entrepreneur
What are some of the different types of creative financing out there
How do you find these creative financing opportunities?
What should a buyer have prepared to show creative lenders?
What is the approval process?
How long does approval take?
What are the different types of terms to borrow and pay the funds back?
How do you obtain a commercial loan?
Do I need a financial statement or a business plan?
Can I finance a business?
Can I finance a building and a business purchase together?
Can I finance the business equipment and upfit of a business location together in the same loan?
What are the steps and the process?
How does a commercial loan process differ from a commercial loan process
How long does it take to get approved?
What are the costs?
July Monthly Meeting - CCREIA Investor Networking
Escape the heat & humidity for a casual, meet & greet networking meeting at BlueMind Co-Working on Thursday July 8th!
Networking with and learning about other investors and how they run their businesses and build their real estate portfolios is hands down one of the best ways to grow your own! Our membership is full of knowledgeable, industry-leading professionals, from builders & realtors to lenders & landlords and we're all looking to learn from one another.
Our meetings have something for everyone, whether you're a new investor looking to build your team or a seasoned investor interested in finding new revenue streams.
Building Vs Renovating & Flipping
with Steve Dutton
experienced local builder, flipper, investor & craftsman
Steve Dutton is a local real estate investor, rehabber, builder in Wilmington, NC. with more than 100 "flips" and new houses under his belt...single-family stick-built.
Steve can speak to the following:
Steve has a passion for what he does and is a dynamic speaker and individual that likes to help others. You wont want to miss this meeting
We've missed out investor clan so much and are so pleased to announce our first in-person meeting of 2021!
Thursday, May 13th from 6-8:30pm at 301 Government Center Drive.
This month's meeting with be a chance for everyone to reconnect, socialize and enjoy some delicious catered goods from Pine Valley Market. It's a perfect way to make new connections, see some old ones and swap war stories from our 2020 real estate adventures.
As this will be a fairly big transition for all of us (we don't know about you, but we've honestly forgotten where the non-pajama clothes are stored...) please be sure to cut yourself and your fellow members a little extra slack as we all return to the new normal. Masks will be optional and available for those who want to wear them but not required. We will follow all guidelines set forth by our new meeting space. No judgement welcome either way, so leave the opinions at the door.
We're also excited to share our new membership platform, Wild Apricot, with our members. There will be more information coming on this exciting update at the meeting!
Join us for our March 2020 meeting to learn tips to effectively market your properties to potential buyers & tenants for quicker sales, bigger profits and less headaches during due diligence and closing. Use the nuggets at this meeting to put more money in your pocket and put you in better control of your sale & rental property.
Home Inspections - Stuart Vick of Amerispec Home Inspections will share what he has discovered on the job and what you could do as a buyer or seller to avoid big home inspection repairs or credits.
The following items will be discussed:
Did you know that personal property records are public information? In this digital age, there is so much information about a potential or new property you can learn without leaving your office!. This month, learn how to find all types of critical property data & records from your own home or a potential new deal in a few clicks of the mouse.
We will be reviewing How To:
Mike Arkinson, Enterprise Analytics Supervisor,For the Information Technology Department of New Hanover County will demonstrate how to find these hidden gems on the New Hanover County Website. Many other county websites offer similar features.
Our January 2020 meeting will feature a panel of local investors that will share their personal experiences in different aspects of real estate investing. Learn the basics about four different investment paths from local investors doing it and then pick your passion.
We’ll cover questions on each strategy such as:
• How do you get started?
• How do you find the deals?
• How much of a time investment is needed?
• What knowledge do you need?
• How does it work?
• What time commitments are required?
• What are the pros & cons of these different investment strategies?
• What tools can you use to make the process more efficient?
• How much cash do you need? How do you finance or structure purchases?
Join us Thursday November 14th for a 2 prong approach to achieving your real estate goals in 2020! First we'll review the current market stats and discuss forecasts for the real estate market in 2020, followed by our Round Table Networking! Round tables are the BEST way to get to know other investors in our meetings. New and seasoned REIA members alike make terrific connections at the round tables and always leave with at least one "nugget" of info they didn't have before! Find out how other investors work, discuss ways you could work together and nail down solid strategies to achieve your 2020 goals!
Share ideas networking round table discussions with local investors & learn how they build their business. Learn & get motivated from successes of other investors!