“What is Northstate Equity,” a question asked by many who stumble upon the name. Many people wonder how four rising college freshmen managed to establish a company and start investing in real estate. Our story started in the spring of 2020, when millions of high school seniors had their school year cut short by an unfortunate sequence of events, including myself and three of my good friends.
The COVID-19 pandemic came in full force and changed many aspects of the world and our lives. With no more school to worry about, the four of us found ourselves with an abundance of free time. Rather than spending time playing video games or sitting at home, we put our heads together and got to work. Our everyday hang outs soon turned into productive regular meetings with us brainstorming various investment opportunities including stock trading and cryptocurrencies. After quickly realizing that we all shared a similar interest in attaining financial freedom, I introduced the idea of real estate investment and a few months later Northstate Equity was born.
The Early Days of Northstate Equity
Sam, Josh, Jared, and I established Northstate Equity as a real estate investment LLC in July 2020. From the start, we had the ambition of entering the long term rental property sector. Initially, a major focus of ours was finding ways to differentiate ourselves from typical investors in the industry. We made it a priority to separate ourselves via professionalism, our ability to solve problems, and by being tenacious when closing deals.
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This led us to spend several months developing a profitable business model and ambitious long term goals. In addition, we created a value system that was reflective of the company culture we were trying to foster. Soon after, our mission statement, “At Northstate Equity, we create efficient and innovative real estate solutions while building mutually beneficial partnerships with all involved in the process” was born, and trust, transparency, ambition, tenacity, versatility, and empathy were chosen to be our core values.
What Are We Up To Now?
Currently, Northstate Equity specializes in creating sales opportunities for homeowners and sourcing rental property investments in North Carolina. We conduct the majority of our business in Alamance County and find deals by identifying distressed properties and motivated homeowners.
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Traditionally, homeowners may seek agents when selling their homes, but at Northstate Equity we understand that putting your home on the market is not always the best route. High agent commission fees, long on-market wait times, unexpected repair costs, and tedious home inspections and appraisals are all reasons homeowners search for other options when looking to sell their homes. By presenting homeowners with our ability to alleviate these headaches, we’re able to provide prospective sellers with unique exit strategies.
Final Takeaways
Our goal at Northstate Equity is to provide creative solutions to homeowners when looking to sell and bringing our investors considerable returns when they are looking to buy. While we are still new to the industry, we plan on using our strong foundation and connections to take us far in our real estate investment journey.
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