New Bern, NC and surrounding areas. Should I invest there?

New Bern, NC and surrounding areas. Should I invest there?

Rental Property Investor · Framingham, MA · Member since 2017 · 77 posts · 10 votes

Possibly looking for a few quick flips to than use that money and apply in Rental Units.

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New Bern, NC · Member since 2017 · 246 posts · 173 votes
7y

People are flipping houses here. Demand for housing is high in New Bern since we lost so many houses in Hurricane Florence.  Houses in good areas are selling quickly right now, and real estate prices are rising here.  Flooded houses that have been renovated don't look like they are selling as quickly though.  And most of the contractors in the area are backed up with work, so finding someone to do the work quickly is a challenge.  I know that doesn't answer your question directly, but that's a snapshot of what's happening in the area. 

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  • New Bern, NC · Member since 2017 · 246 posts · 173 votes
    7y

    People are flipping houses here. Demand for housing is high in New Bern since we lost so many houses in Hurricane Florence.  Houses in good areas are selling quickly right now, and real estate prices are rising here.  Flooded houses that have been renovated don't look like they are selling as quickly though.  And most of the contractors in the area are backed up with work, so finding someone to do the work quickly is a challenge.  I know that doesn't answer your question directly, but that's a snapshot of what's happening in the area. 

  • Member since 2019 · 8 posts · 4 votes
    7y

    Yeah, we bought a bunch of hurricane damaged townhomes in New Bern and have had a real challenge finding contractors, so we actually had to bring people in from out of market.   If you're doing the work yourself then, yes, I think it would be a great area.   If you're looking to hire everything out I would go a little further inland.

  • Rental Property Investor · Loganville, GA · Member since 2014 · 20 posts · 2 votes
    6y
    Originally posted by @Brunno Goncalves:

    Possibly looking for a few quick flips to than use that money and apply in Rental Units.

     Are you still seeking a property in New Bern?

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