Deaton Investment Real Estate & The Wake County Apartment Association

Friday, September 30, 2011

WCAA Meeting - Thursday, 10/6/11 - Capital markets overview and Q&A with Jeff Burgess

The next meeting of the Wake County Apartment Association will be Thursday, October 6, 2011. We are very fortunate to welcome Jeff Burgess as our guest speaker for this meeting. Jeff founded Equity Services, one of the largest independently owned mortgage companies in N.C. and now serves as Branch Manager for PrimeLending in Raleigh. Jeff offers insight to the capital markets from more than 25 years of experience. In addition to covering investment property financing options, Jeff hopes to discuss your questions about market expectations, forecasts, trends and anything else that relates to real estate finance.

Don't miss this meeting. It will be one of the most informative of the year.

Time: Dinner and Networking 6:00 pm - 7:00 pm. Speaker 7:00 pm - 8:00 pm.

NEW Location: Perkins Restaurant off Capital at I-440 -
2657 Appliance Court
Raleigh, NC 27604

Guest are always welcome.

Wednesday, September 21, 2011

Raleigh, NC ... Ranked as America's Best City


By: Venessa Wong and provided by Bloomberg Businessweek and Yahoo

Click the link above for the full article, introduction below...

Which is America's Best City?

Based on such metrics as school performance, green space and cultural amenities, Raleigh, N.C. ranks No. 1 in's first Best Cities ranking

Ask most people in which city they would most want to live and usually their answer would be shaped by such realities as proximity to their jobs and what they can afford. But suppose you could choose to live anywhere you wanted regardless of cost? What if you could live in a city that offered a wealth of culture, entertainment, good schools, low crime and plenty of green space? Many people might opt for the obvious choices, such as New York or San Francisco, but, great as they are, data reveals there are other cities that are even better. spent months working with data that would help us to identify the best cities in the U.S. We looked at a range of positive metrics around quality of life, counted up restaurants, evaluated school scores, and considered the number of colleges and pro sports teams. All these factors and more add up to a city that would seem to offer it all. When we began the process we had no idea which cities would come out on top. The winner? Raleigh, N.C.

Thursday, September 15, 2011

More people doubling up = contraction in number of households

The WSJ has offered a great commentary on findings from the US Census Bureau that 69.2 million, or 30% of Americans, were doubled-up in 2011, up from 61.7 million adults, or 27.7%, in 2007. While moving in with family can keep someon from poverty it has a negative affect on the overall economy by decreasing the number of consumers. But that is pretty much common sense. If someone doesn't have a job, they don't have much money which means they need a cheap (or free...thanks Mom and Dad) place to stay.

Here is one clip from the article but click the link above for the complete story:

"Much of the increase comes from young people, ages 25-34, living with their parents. Some 5.9 million, or 14.2% of 25-to-34 year olds, lived with their parents in 2011, up from 4.7 million before the recession.

“These young adults who lived with their parents had an official poverty rate of only 8.4%, since the income of their entire family is compared with the poverty threshold,” David Johnson chief of the Housing and Household Economic Statistics Division at the U.S. Census Bureau said. “If their poverty status were determined by their own income, 45.3% would have had income falling below the poverty threshold for a single person under age 65.”"

Just imagine what a little job creation would do....

Friday, September 9, 2011

Flood Insurance

Most landlords I know dread the annual (or monthly) insurance bill. While they recognize the protection insurance provides, they doubt they will ever need it and pay little attention to the policy details. Additionally, most property owners never consider getting flood insurance unless their property is in a flood area and the lender requires it. After all, it just adds to the cost.

Well, after Hurricane Irene and the flooding witnessed in the Northeast, it might be time for property owners to re-think their position on flood insurance. After all, flooding can happen almost anywhere if enough rain hits the ground and the typical drainage system fails.

I would encourage you to read through the National Flood Insurance Program website to educate yourself. For as little as $10-$20 a month you can insurance small rental properties against flood damage if they are in low-to-moderate risk areas.