Research Triangle Investment Opportunities
Hello BP Community,
My name is Jordan Crumley, and I am interested in learning more about investment opportunities in the Research Triangle. I am a multifamily investor in the Boston area, but I am beginning to liquidate some of my properties up here and am looking to reinvest in North Carolina. I am interested in buying larger multifamily properties (15+ units), and I would like to connect with some folks down in NC to get a lay of the land and learn about opportunities to redeploy my cash.
I am closing on the sale of 4 condos in a month, and will have a decent amount of cash that I’d like to put to work. I would consider a 1031 exchange if it is a no-brainer (my net proceeds will be ~$1.7MM), but I would need to make that determination in the next week or so. Most likely I am going to pay the capital gain vs. rushing into a new deal just to delay paying taxes. All the deals I am seeing up here either the seller is unrealistic on pricing, or buyers are bidding up properties past any sort of rational price. I realize I am not the first person to identify NC as a good investment location, but I really like a lot of the attributes in the Triangle. I want to stick to the Raleigh-Durham area because I have a friend down in Durham that can be my eyes/ears in the area, and it is an easy flight from Boston.
Sorry for the long post, but I wanted to give sufficient context. If you interested in chatting about your perspective, I would love to connect. Thanks for your time and support in advance.
Thanks,
Jordan