Deaton Investment Real Estate & The Wake County Apartment Association

Thursday, June 12, 2008

Apartments continue to crank in Downtown Raleigh

Jack Hagel of the News & Observer posted in his Real Deals column today about some planned multi-family in the newly developed Seaboard Station neighborhood in Downtown. This is a well-planned district of the city and should be a great place to rent once more multi-family gets established. His column goes on to discuss the market's apartment activity, which seems to be defying the current economic mentality of the general populace.

Also, have you heard about the potential for four more towers in Downtown? Two of them could look down on the soon-to-be-open RBC Plaza. Plans are being submitted and some properties needing to be squashed are already under contract. It will be shame to see Cooper's go, though. Sure, they plan on sticking around in the new building but authentic BBQ in a glossy mixed-use skyscraper? Hardly the same thing.

Monday, June 9, 2008

Now is the time...

This video posted on's video page is a good overview of why a slow market may be an ideal time for people to consider investing in real estate. This isn't a "how-to" by any means but it's a decent overview.

Friday, June 6, 2008

1031s - know them. Love them.

Last night I attended the Wake County Apartment Association meeting and heard a presentation from Ms. Susan Hayden of Investment Property Exchange Services, Inc., a qualified intermediary for deferred exchanges.

While many people generally understand what a 1031 exchange can do for you, I can't stress enough the importance of really understanding the comprehensive benefits this tax code provides. There a lot of misconceptions out there as well, such as believing that you can wait a few days after the closing to initiate an exchange or that you can only exchange commercial property for commercial property or land for land.

I urge you to check out the company's Web site to learn more.

Congratulations, graduates!

Apparently, a few people passed my class.

I'll spare the pseudo-course description, as clearly my humor is lost on some. Maybe my comments about timing were not so far off. Read this N&O story.