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Updated over 3 years ago on . Most recent reply

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Pavel Gritsai
  • Bellevue, WA
2
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7
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Investing into Raleigh NC area - any words of caution?

Pavel Gritsai
  • Bellevue, WA
Posted

I am considering purchasing a first buy-and-hold rental in Raleigh NC, as I feel there is a great potential and current trajectory of the market in the area. Looking for a SFH in a budget of under 300k.

Wanted to ask if anyone is familiar with Raleigh (as I am out of state), which suburbs/neighborhoods are to be avoided? 

Will be grateful for any other advice as well.

Most Popular Reply

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29
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Nadia Bareisha
  • Real Estate Broker
  • Raleigh, NC
30
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29
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Nadia Bareisha
  • Real Estate Broker
  • Raleigh, NC
Replied

Real estate agent here working with investors in the Triangle (Raleigh,Durham, Cary, Apex, Wake Forest, Rolesville etc). SFH in a class A-B areas (good schools, decent commute location) are going for closer to $400K and renting around $2000. Very minimal cashflow left in Raleigh and surrounding towns. Townhomes are your only option under $300K, but take into consideration HOA fees and lower rental rates on those. Please feel free to reach out, I connect and work with out of state investors all the time.

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