13 episodes

In a world filled with confusion and complication, we search for solutions. Our Real Estate show goes beyond opinions and digs into the facts behind the hottest issues impacting homeowners and real estate professionals!

Today‘s Real Talk Today‘s Real Talk with Justin Ckezepis

    • Business
    • 5.0 • 1 Rating

In a world filled with confusion and complication, we search for solutions. Our Real Estate show goes beyond opinions and digs into the facts behind the hottest issues impacting homeowners and real estate professionals!

    The Friendliest Town in the South - Blue Ridge Mountains, Equestrian Facility, and Lively Downtown

    The Friendliest Town in the South - Blue Ridge Mountains, Equestrian Facility, and Lively Downtown

    Location. Location. Location. Here we talk about North Carolina Real Estate, Business, and Life.
     
    Anytime you consider real estate, location is a top priority. What makes a house a "home"? Everyone wants to live in a great community. Today we find out from Zach Ollis - Town Manager of the Town of Tryon, North Carolina - what makes Tryon a great place to be.
     
    Small town with convenient access to many of the surrounding major cities. That is what Tryon can offer. With amenities like the International Equestrian Facility, Harmon Field, Lake Lanier, and several vineyards; you can choose to sit and enjoy the views of the beautiful Blue Ridge Mountains or spend time adventuring.
     
    Affordable living and a diverse community made up of those living full time in Tryon as well as the many that pass through for vacationing and even several families who spend part of their year living in Tryon - development continues to grow and with it, the annual budget for the Town of Tryon.
     
    A community with a strong foundation and unlimited potential for its future.
     
    Resources
    Town of Tryon: https://tryon-nc.com/
    Tryon International Equestrian Center: https://tryon.com/
    Lake Lanier: https://www.discoverlakelanier.com/
     
    Q&As
    When are Property Taxes due in North Carolina?
    Why are interest rates adjusting so frequently?
    When I buy a property, do I have to get a survey?
     
    Chapters
    00:00 - 03:08: Intro
    03:08 - 05:58: Guest Introduction (Zach Ollis - Town of Tryon, NC - Town Manager)
    05:58 - 09:26: What is it like living in Tryon, North Carolina?
    09:26 - 12:33: Equestrian Community in Tryon
    12:33 - 14:06: Vineyards Throughout Tryon
    14:06 - 16:22: Lake Lanier
    16:22 - 19:39: Wastewater Treatment & Capacity for Development
    19:39 - 22:05: Second Home Market in Tryon
    22:05 - 25:57: Town of Tryon Budget
    25:57 - 30:52: Property & Sales Tax in Tryon
    30:52 - 34:34: Personnel Costs for Tryon
    34:34 - 41:29: 2022 - 2023 Budget (Cap Ex, Police Department, Assets)
    41:29 - 46:55: American Rescue Plan & Cares ACT Funds
    46:55 - 50:03: Harmon Field Fund
    50:03 - 51:49: Other Tryon NC Amenities & Things to do in Town
    51:49 - 55:20: Geographic Advantage for Tryon and Outro w/ Zach
    55:20 - 57:55: Q&A1 - When are property taxes due in North Carolina?
    57:55 - 01:01:58: Q&A2 - Why are interest rates adjusting so frequently?
    01:01:58 - 01:05:37: Q&A3 - Do I need to get a survey when I buy a property?
    01:05:37 - 01:06:21 - Outro & Wrap Up w/ Justin

    • 1 hr 6 min
    Are you getting the most out of your real estate investments? Cost Segregation

    Are you getting the most out of your real estate investments? Cost Segregation

    Have you purchased your first investment property? What are the tax strategies you plan to use? Have you considered Cost Segregation? If you are thinking of investing in Real Estate, you will need some tools and resources to help you succeed.
    The IRS (Internal Revenue Service) Tax Code contains many sections dealing with Real Estate. Changes based on the Tax Cuts and Jobs Act have pumped certain Real Estate concepts, such as Depreciation, Cost Segregation, and Bonus Depreciation, to new levels.
    Those with Real Estate Professional Status can take advantage of these changes. How long will Bonus Depreciation remain accelerated? Is it a good think to use Cost Segregation if you are going to be selling the real estate property in a short amount of time? What is the process for obtaining a Cost Segregation study? All that and more as Justin Ckezepis of Today's Real Talk sits down with Yonah Weiss to discuss Cost Segregation in Real Estate.
     
    References
    Yonah Weiss: https://www.yonahweiss.com/
    Tax Cut and Jobs Act: https://www.govinfo.gov/content/pkg/BILLS-115hr1enr/pdf/BILLS-115hr1enr.pdf
    IRS Tax Cuts and Jobs Act - Comparison for Businesses: https://www.irs.gov/newsroom/tax-cuts-and-jobs-act-a-comparison-for-businesses
    IRS Cost Segregation Audit Techniques Guide: https://www.irs.gov/businesses/cost-segregation-audit-techniques-guide-chapter-1-introduction
    Today's Real Talk: https://www.TodaysRealTalk.com
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    Chapters
    0:00 - 3:33: Talking w/Justin Today
    3:33 - 7:17: Intro w/ Yonah Weiss
    7:17 - 16:57: Top Terms in Cost Segregation
    16:57 - 19:49: Real Estate Professional Status
    19:49 - 23:38: Breaking Down Financials in a Cost Segregation Analysis
    23:38 - 25:34: Ground Up Development vs. Value Add Property
    25:34 - 28:18: The Cons of Doing Cost Segregation
    28:18 - 31:51: What is Depreciation Recapture?
    31:51 - 33:51: 1031 Exchanges and Off-Setting Gains & Losses with a Lazy 1031 Exchange
    33:51 - 34:57: The Important of Real Estate Teams
    34:57 - 36:34: Who currently uses Cost Segregation?
    36:34 - 38:34: The Short Term Rental Loophole
    38:34 - 41:20: The Future of the Real Estate Market and Cost Segregation
    41:20 - 43:51: Adoption of Cost Segregation in the Marketplace
    43:51 - 44:33: Outro w/ Yonah
    44:33 - 47:31: Q&A #1: What is the future of the Real Estate Market in North Carolina?
    47:31 - 49:04: Q&A #2: What type of taxes do I pay when earning $ in real estate?
    49:04 - 53:15: Q&A #3: When are you financially prepared to buy a home?
    53:15 - 54:04: Wrap Up & Outro

    • 54 min
    Want to win in Real Estate? Cash Flow Matters w/ Multifamily Investing

    Want to win in Real Estate? Cash Flow Matters w/ Multifamily Investing

    How do I win at real estate? Cash flow.
     
    In North Carolina, and across the entire world, everyone needs a place to live. People want a place to work and do business. Those who own the properties where people live and do business are the ones who collect cash flow and are winners.
     
    It is also important to learn important Real Estate terms and definitions. Cap Rate. Cash on Cash Return. IRR. Terms that you commonly hear and must be able to understand if you are going to invest in Real Estate. Justin walks you through each of these terms today.
     
    Multifamily Real Estate is popular. Many investors want to be in multifamily real estate because of the potential cash flow (whether passive or active) from the property. Do all counties, cities, and towns, like multifamily? Are all the financials related to multifamily investing true? Dante Belmonte of Victory Capital Group talks with Justin Ckezepis about multifamily real estate investing.
     
    During Justin's Q&A Real Estate Session he answers these questions:
    What is a good deal in Real Estate?
    Do you think rents will go up or down over the next few years?
    How did Justin get started in Real Estate?
     
    Ready to learn about investing in multifamily real estate? Listen now.
    Chapters
    00:00 - 5:33 - Talking w/ Justin Today
    05:33 - 10:14 - Common Real Estate Terms & Definitions
    10:14 - 11:48 - Victory Capital Group
    11:48 - 18:19 - Investing in North Carolina
    18:19 - 26:02 - Analyzing Real Estate Deals
    26:02 - 29:37 - Common LOI & Contract Terms
    29:37 - 32:05 - Common Objections
    32:05 - 39:15 - Funding Real Estate Deals
    39:15 - 42:10 - North Carolina Markets
    42:10 - 50:15 - Pitch Deck & Working w/Investors
    50:15 - 54:14 - Property Management Companies & Other Expenses
    54:14 - 56:44 - Wrap Up w/ Victory Capital Group
    https://todaysrealtalk.com/

    • 1 hr 5 min
    Is Agriculture and Industrial the future of development in Wayne County North Carolina?

    Is Agriculture and Industrial the future of development in Wayne County North Carolina?

    If you live anywhere in North Carolina, you’ve probably noticed that growth is happening at a rapid rate. While all of this economic growth and development is a positive thing, it must be managed carefully to reduce growing pains.

    • 57 min
    What does the SBA (Small Business Administration) do? Loans, Strategy, and Other Resources

    What does the SBA (Small Business Administration) do? Loans, Strategy, and Other Resources

    You need money to start a business. But as a small business owner, you only have so much funding to get started. This is where small business loans come in, and our latest episode, we go over what you need to know about getting a loan from the Small Business Administration with Mike Arriola.
    Arriola originally started as the SBA officer for the Asheville area and eventually became the District Director for the entire state of North Carolina. Today, he oversees the SBA operations for over 900,000 small businesses throughout the state.
    In this episode, we go over what exactly an SBA loan is, specifically the 7(a) guaranty process, why lenders decide to offer these loans, and why you should consider getting one of these loans if you’re trying to get your small business off the ground. We also go over some of the other tools and resources the SBA has for small business owners on top of their loan programs.
    The SBA has resources that can help small business owners at any phase of their business’ lifecycle. Give this episode a listen if you’re thinking of or currently involved in starting a small business, and make sure to check back soon to see when our next episode goes live.  

    • 44 min
    Real Estate Economics: The Future of Our Market

    Real Estate Economics: The Future of Our Market

    How high can home prices continue to rise? What will the real estate market look like over the next twelve months?
    Meet Dr. Yongqiang Chu, Director of the Childress Klein Center for Real Estate. What does the real estate market look like going forward into 2022? Will real estate prices go down? What’s causing the increased demand for real estate?
    We answer these questions and others related to the current state of real estate in our most recent podcast.
    In this episode, we’re joined by Dr. Yongqiang Chu, the Director of the Childress Klein Center for Real Estate. Dr. Chu is originally from China, and he came to the U.S. to complete his PhD at the University of Wisconsin-Madison. His career initially involved teaching finance, but today, his career is research-based, and he is currently working on several papers, one specifically about mortgage lending discrimination in today’s market.
    We cover how the recent pandemic increased the demand for real estate throughout the country, but mainly here in the Charlotte, North Carolina area. Dr. Chu also makes a few predictions about interest rates and where real estate prices will head in a post-pandemic world. Other topics covered include what will solve current supply and demand issues and how these will affect local concerns about population and housing density.
    Don’t miss this latest episode of Today’s Real Talk if you’re intrigued by real estate economics and have questions about housing and the real estate market for the upcoming year.
    Dr. Chu - Director of the Childress Klein Center for Real Estate at University of North Carolina at Charlotte

    • 54 min

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