Multifamilly Deals In Raleigh NC

[Saeb Ragani Lamooki]

I am planning to move to Raleigh NC within the next few months. I am looking for a 4-plex in the area and I have a difficult time finding good deals. Is Raleigh a good place to expand your multifamilly portfolio or is the market too competitive?

[Chris Martin]

This BP topic, Total Available Market - 2, 3, and 4 units, describes the Raleigh market for property that meets Fannie Mae 1-4 Family underwriting. The data is 5 years old but hasn't changed significantly. The bottom line is there are not a lot of quads in the Raleigh area.