February 5, 2009 2 Comments

NCSU Rental Property

Check out NCSU-Rental.com if you are a NC State student looking for a great place to live near campus.

NCSU-Rental.com is a website for promoting high quality rentals, and open to any property owners in the Trailwood Hills, Trailwood Springs, Camden Forest neighborhoods near NC State. If you have a few high quality pictures of your property, I would be happy to post up a listing for your property.

This is only for property owners of detached homes (not condos or townhomes).

If you are interested in acquiring a property in one of the best cash flow neighborhoods in the Triangle area, send me an email and I will be happy to send you an extensive financial analysis based on my years of ownership in the neighborhood, plus the data of nearly a dozen other homes in the area.

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August 16, 2007 Leave a Comment

Mortgage Meltdown

Where is the Martini Factor? We missed our regularly scheduled episode due to a small problem with Homebanc. They closed.

When Kevin lands on his feet, we look forward to a summary of his thoughts surrounding the current state of mortgage finance, and how it can affect buyers, sellers, and everyone else in the industry.

Meanwhile, I want to relay a story of how Homebanc closing caused problems for a client of mine, and the amazing outcome.

A local real estate investor that we have worked with in the past had a closing for a rental property near NCSU – scheduled for last Friday. On the prior Tuesday, Kevin informed me of the bad news. By Friday, despite a valiant attempt to get something worked out with Countrywide, he wasn’t going to be able to get a loan closed.

As it turned out, the mother of the seller works for BB&T. She referred me to a co-worker and with every single person pulling out all the stops, the home closed escrow Monday evening at 4:30PM. That’s right – 1 business day. Big props to Cathy Ingram at BB&T in Cary, and Kevin for facilitating getting the paperwork over first thing Monday morning. Unbelievable.

To make it an even more amazing story, my client was scheduled for a 2 week vacation in Puerto Rico – and the plane left RDU (with him on board) this Tuesday morning at 9:30AM.

Hey Matt, you better have a Pina Colada for me!

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