During our converstaions we receive
numerous questions regarding how we can help clients with their particular
needs. The information below is designed to help answer some of these
questions in advance. Please contact us if there is a topic you'd like
to see posted here.
We do NOT offer legal, detailed financing or accounting advice but can
refer you to appropriate, and reputable professionals if you are located
in North Carolina.
Is the Key Property Group a corporation?
No. The Key Property Group is an informal coallition
of several real estate investment companies having common ownership ties
that work side by side to invest in their respective target areas. The
companies that form Key Property Group share common goals, operating procedures,
guidelines, and a common mission.
Is the Key Property Group a licensed real estate organization?
No, Key Property Group is not an organization in the
legal sense of the word. One of the corporations in the Key Property Group
is a commercial brokerage firm licensed as a real estate firm in North
Carolina. This firm represents several of the Key Property Group companies
in real estate transactions, from time to time and offers free representation
to tenants to assist them in purchasing homes from the Key Property Group
How can you help me sell my home?
First, no member company of the Key Property Group
practices brokerage services for hire. Therefore, we do not list homes
for sale, nor do we represent sellers in the sale of their property, other
than our member companies or third parties with property listing at $1,000,000
We do however buy homes if they are attractively priced
and the condition of the home can often be less than ideal. We buy homes
for resale and for rental purposes. Depending on where you home is located
and the layout of your home, we may be able to take over you mortgage
or buy your home for cash.
If your property does not meet our criteria, there's a good
chance we can refer you to another party that may be interested in acquiring
Contact us to learn
Do you teach others to invest in real estate?
No. However, an affiliate company, Key
Business Institute, Inc., does offer real estate training seminars
from time to time. Click
here for more info.
Who manages your property for you?
Some of the property owned by companies in the Key
Property Group are managed by third party property managers. Some are
managed to company staff directly. All third party property managers are
reputable licensed real estate agencies in the area specializing in property
management. The screening process is similar across all companies and
even if a third party property manager is used, the Key Property Group
company staff consults with the property manager on the approval or denial
of any questionable applications.
Where can I get an application to rent a unit?
Contact us regarding the prospective rental property
and we will put you in touch with the respective property manager for
that property. The property manager or property management assistant will
provide a rental application and will explain the application process.
Are other investor allowed to join your companies?
In general, no. The companies are privately held and
are not seeking other members. However, the companies do use private funds
secured by high quality real estate and are always looking for attractive
investment capital. If you have funds available to invest we may be interested
in providing security for loans used by our companies as investment capital.
This is an attractive way for investors to realize good returns on long
term assets with security by investing in well managed portfolios of property
in attractive areas.
to learn more.
What are the areas in which the Key Property Group
At this time principal investment areas are Raleigh,
Rocky Mount, Tarboro, and Pinetops, all located in eastern North Carolina.
We are actively seeking attractive investment opportunities in the greater
Raleigh area, western Rocky Mount, and Tarboro.
Have your companies been hit by the economic market
Yes, like any investment company our companies have
been affected by the economic challenges. Fortunately, over 90% of our
inventory is located in areas that did not experience housing value decreases
due to the market challenges. However, we have experienced a much higher
than usual tenant turnover which has substantially increased maintenance
and vacancy costs. Additionally, access to traditional capital has been
tightened which has slowed our growth. Finally, the resale of property
to replenish capital reserves has been greatly hampered which in turn
has slowed growth and placed more pressure on our available capital supply.
We are beginning to see an improvement in the housing market, which is
allowing us to once again enter into housing contracts for the sale of
property, and as result we are once again shifting from an inventory maintenance
strategy to one of evaluating new investment opportunities.
Do you pay "bird dog" fees to people bringing
investment opportunities to your attention?
Absolutely. However, we insist that the transaction
be conducted 100% in compliance with NC Real Estate Laws. If you obtain
a contract on a parcel of property that is attractive and if the contract
meets our guidelines, we may buy the contract rights from you if you are
not a licensed agent. if you are not a licensed agent you may in no way
negotiate the purchase with a seller on our behalf, nor may you be paid
a commission for such negotiation. If you are a licensed agent, we will
be happy to pay a reasonable real estate commission for the referral of
any property that we are not already pursuing directly or through another
agent. We have found that rewarding people for bringing "deals"
to our attention is a great way for us to find attractive real estate
investment opportunities. If you know of a property that may make a great
investment and are not in a position to take advantage of it, please contact
us today. We buy every thing from mobile home parks and single family
homes to vacant land in strategic areas and a variety of commercial property
types. The minimum investment value we typically pursue is $10,000 and
the max is typically around $2,000,000. We do not hire "bird
dogs" on a fee basis to look for property on our behalf.
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