CLICK HERE TO DOWNLOAD THE DIGITAL CREIA NEWSLETTER - SEPTEMBER
Masterclass Series
Saturday, September 24th 9 a.m.-4 p.m eastern ONLINE
Foreclosures are a Big Problem.
We Make Money Solving Problems.
So YOU Should Spend a Day Learning to Solve This One
(Because you’ll make a lot of money doing it)
The problem?
A big spike in foreclosures, and owners who can’t sell because after 24 months of no payments, they literally owe more than their homes are worth.
The solution?
Short sales, which help owners exit their properties gracefully instead of via a public sale, and which, if you do them right, are a win for the seller, a win for the lender, and a win for you.
Our all-day online training shows you how to get the deals you want AND the results sellers want—a skill that only a tiny percentage of your so-called ‘competitors’ have.
See the full agenda and register to get your link to join (or to get the recordings, if you can’t attend that day) HERE.
Always in Your Corner, CREIA Success Team
Stay tuned for more details on these and other offerings.
Click to register for each 3rd quarter event right here, right now!
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MEET ERIC CLANCE
CREIANC MEMBER OF THE MONTH
September 2022
Congratulations! Please find an inspiring message from Eric.
After spending 25 years in the wine and beer wholesale industry, I found myself no longer passionate about my career and began looking for other opportunities. Throughout my life, I’ve always enjoyed working with my hands, both in fixing and building things. If I didn’t know how to do something, I would research it, or often figure it out on my own.
In the fall of 2017, after watching one too many house flipping shows, my curiosity about making a career change spiked! I quickly realized my business experience, work ethic, and love of DIY projects would result in a successful real estate flipping career. It was then that I decided to embark on a new path in real estate investing with the belief it would bring passion back to my career.
As I began to research local resources, CREIA was one of the first educational organizations I discovered through Meetup.com. I registered to attend a CREIA orientation and beginner’s meeting. These first meetings taught me invaluable lessons and I learned about all the many opportunities investing in real estate could provide. I quickly became a CREIA member and began attending multiple weekly meetings with the intention of absorbing as much information as possible.
My first year in the business was met with a lot of trials. In March 2019, I had my first property under contract through a realtor. It was a single-family home in Etowah which seemed to be in decent shape structurally and just needed updating. During due diligence, I discovered the home wasn’t the advertised 1500 sq ft., but only around 1100 sq ft. The listing agent had taken the square footage off the tax listing, which was wrong, instead of measuring it themselves. As a result, I lowered my offer and the seller declined.
Within a month, I had my second property under contract in Brevard. I partnered on this deal with another new CREIA member. We didn’t use a buyer’s agent but utilized a concept I discovered in CREIA meetings by securing an “owner-financed” deal. This was going to be such a sweet deal with only a few thousand dollars down! Needless to say, after trying to close for three months, the deal fell through due to a messy title that took too long to resolve.
There were a lot of disappointments along the way, and I kept wondering if I would ever get a deal completed. Then in August 2019, I found a REO in Hendersonville and made an offer through an agent. Ironically, that same week, a CREIA wholesaler brought me a deal on another Hendersonville home. I was interested in this home too and after my agent told me REO’s work on their own timeframe, I quickly agreed to purchase the wholesale property! A week before closing, the bank accepted my offer on the REO property. I couldn’t pass up this opportunity, so I closed on both within 30 days of each other!
By now, I had learned that to reach my goals of being financially free and more importantly “time free”, flipping was not going to get me there, buying and holding was going to get me there, and I was finally able to put my hands to work. I gutted the property down to the framing and rebuilt everything myself except for the licensed trade work. I’m proud to say, this property is now a successful five-star vacation rental property!
While I worked on the first property, the REO sat there under a 1000 sq ft tarp for over a year! During this time, I met another new investor in CREIA. We ended up in partnership on this property … he brought the renovation funds along with a spare set of hands on the weekends. The property had been abandoned for many years and was unlivable. It was just over 800 sq ft. and on a property within the city limits, just over ½ acre.
We gutted the home and knocked about 10 sq ft off an addition to get it under 800 sq ft. so it would eventually become the ADU to the duplex we planned to build in the future on the vacant side of the lot. Again, we completed all the renovation on this property, except the licensed trades, and took it from a 3/1 to a 2/2. I rented it as a long-term lease for the first year, but now it is another very successful five-star vacation rental!
At the same time, I was purchasing these properties and beginning renovations, I wanted to start giving back to CREIA, so I joined the Board as the Director of Education. I served in this role from September 2018 to September 2020. It was a wonderful experience, even though COVID made that last ½ year challenging with all of us learning how to use Zoom to schedule meetings. Somehow, we continued to educate our members on all the opportunities available through real estate investing!
Whether you are a new or seasoned real estate investor, I highly recommend getting involved in CREIA as much as your schedule allows. I guarantee you will learn a lot and meet some great people too! You can view my two completed properties at www.facebook.com/ecipllc
Contact Eric directly from your CREIANC.org account! Sign into CREIANC.org, My Account, Members Directory to find Eric and other community members.
Community Counts! Congratulations again Eric on all your accomplishments. Thank you for serving on the CREIANC board and for giving back to our members. We are glad you are a part of the CREIA NC community.
JOIN OUR EMAIL LIST:
Please be reminded to join our *email list at https://groups.io/g/creianc.
*Important Note: *Yahoo shut down all groups effective December 15, 2021. The CREIA Board selected a superior email and message board service called Groups.io, to replace Yahoo Groups. Here you may network, build relationships, and get to know other CREIA community members. Members may post properties, haves, wants, buy, sell, needs and other questions. Sign up is easy.
How to become a member of groups.io.
Step 1: Go to https://groups.io/g/creianc, Scroll to the bottom to find the blue box the reads: +Apply for Membership In This Group,
Step 2: click on that box.
Step 3: Input your email address,
Step 4: Hit the green box that says Confirm Email Address. If possible, please input your first and last name.
That’s it! From there the moderators will approve all active CREIANC.org memberships within 24-48 hours. You’ll receive communication from Groups.io. Welcome to the community!
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ABOUT US:
Welcome to Western North Carolina’s #1 Non-Profit Real Estate Investing Community!
Carolinas Real Estate Investors Association, Inc. (CREIANC.org) VOTED #1 Real Estate Investors Association in Western North Carolina (WNC) by REAL ESTATE MASTERMIND GROUP (RMG). RMG is comprised of Real Estate Investors Associations across the country. We are so proud of this distinction made possible because of our community members of investors.
For ~29 years, Carolinas Real Estate Investors Association, Inc. (CREIA) has been training, connecting, and supporting real estate investors throughout the region through a non-profit community of new and experienced investors.
Our members buy, sell, rehab, hold, and manage properties in the Western North Carolina area with the goal of achieving financial independence for themselves, and a better housing market for the neighborhoods in which we live. CREIANC members meet to learn the best strategies for making money in today's real estate market, share resources, and network with like-minded people from all over the region. Our monthly meetings feature the best local, regional, and national experts, and our many special-focus subgroup meetings cater to your favorite strategy or area of town.
Join, and you get tons of benefits for real estate entrepreneurs including offers and discounts from your favorite vendors and service providers to legislative action and connections with other investors throughout the Carolinas and across the country via our membership in the RMG. Plus, we have a reciprocal relationship with Upstate CREIA located in Greenville, SC.
Check us out by attending your first Main Meeting -- FREE!
Click Here for a FREE Guest Pass
We meet on the 3rd Tuesday of each month -- just choose the month you want on our calendar.
When you meet our amazing group of members, we know you'll want to become part of our community, too!
Take care of yourselves, and each other —
Your CREIANC Success Team
Join CREIA Today!
CREIA offers main meetings, focus groups, and seminars held by local and national speakers.
Whether you are new or experienced, invest in single family homes, multi-family properties, vacation homes, mobile homes, or commercial property, CREIA has something for everyone!
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P.S. There's a 100% money-back guarantee: If you attend 6 events (main meetings, focus groups) in a 6-month period, and you don't feel like you've received at least the value of your membership, we'll refund your annual membership fee!
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