Congratulations on the future move! The competition for multi-family is tough here in Fayetteville. Currently, it is a seller's market. Hopefully, by the time you make it down here it will have cooled off a bit!
Hello Rhett! Fayetteville is a fun market to play in. Happy to connect with you and share a bit on my thoughts regarding this market. The small MF properties are very competitive, but attainable. However, I believe SF and larger MF are more desirable here. Let me know if you have any questions!
Originally posted by @Rhett Z Begley :
Good afternoon Fayetteville! (And those investing there!)
I’ll be moving to the area (from Virginia Beach) next spring and I’m looking to move into a 4 to 10 unit when I first move down there (I’ll be geo-batching for at least three months) so I’m looking for recommendations on property managers and perhaps brokers who are familiar with the multi-family market down there.
I’d really like to get a general feel for Fayetteville as a rental market as a whole since most of my units are in the Norfolk/Virginia Beach area.
Also happy to discuss partnering on something. I’ve got a decent lead time and I’m trying to decide whether or not to hold tight and prepare for a NC purchase or just find something else up here and bypass Fayetteville all together.
Thanks in advance for any advice and I’ll be happy to take someone out for lunch/dinner/coffee next time I come down for a visit.
I live in VB but can be of some assistance to you. Coffee soon?
So you taught me something today @Rhett Z Begley . I had to google geo-batching. Sounds like a way fun job! Have fun in Fayetteville!