Deaton Investment Real Estate & The Wake County Apartment Association

Thursday, February 24, 2011

Found another good blog

I found this blog today and thought it was worth sharing.
The first two posts are pretty good reads for the small, multi-family investor. There is one about "Why People Sell" and another about "How to Validate Rental Income". Check it out.

Tuesday, February 22, 2011

Investors Confident Entering 2011

A special report from Marcus and Millichap and NREI show that investors are planning more acquisitions in 2011. Improving fundamentals, lower interest rates and prospects for rent growth are fueling investor confidence. The data points and information produced from this research survey highlight the optimism across the apartment industry and I suggest you read the full report.

Thursday, February 17, 2011

New home development coming near Wade/RBC Center

Lennar Homes ( recently purchased 40 acres of land near the Intersection of Wade Ave. And I-40. The site is very close to the RBC Center where the Carolina Huricanes and NC State Basketball teams compete. Five years ago you could have expected the end-product home to be $400K to well over $500K. However, Lennar's ability to purchase the land at "today's" prices should result in townhomes and signle family homes between $170,000 and $370,000. If that proves true, Lennar will probably be very successful selling in the new be called "Inside Wade." For more about the deal read David Bracken's article in the News and Observer.

Tuesday, February 1, 2011

Wake County Apartment Association Meeting

The next meeting of the WCAA is Thursday, 2/3/11. The speaker will be attorney Norman Praet and he is going to cover multiple landlord and real estate related topics. In addition, he will be available to answer any questions you want to ask an attorney (for free). Mr. Praet is an experienced real estate attorney that focuses on landlord-tenant law. You can follow his blog at

The meeting is located in the Golden Coral at 2909 East Millbrook Road in Raleigh (near the intersection with Capital Blvd.) Dinner and networking are between 6:00 PM and 7:00 PM and the speaker starts at 7:00 PM and wraps up around 8:00 PM. Guests are always welcome for free. Membership to the WCAA is just $15/year.