Where is the best area to buy in North Carolina right now?
It really all depends on what you are trying to accomplish, what strategy, pricepoint, etc. We have a few in NC throughout the state and I can help answer based on what your criteria is. Definitely need more details.
I agree with Joseph, it really depends on what you're trying to do. For instance, Fayetteville is great for cash flowing rentals, but you're not going to get much appreciation. Raleigh/Durham can be good for flips because there's a shortage of inventory so it's easy to sell pretty much anything, but it's much harder to find cash flowing rentals.
I would be a first time buyer and would really like something around 50k. I am also very interested in BRRRR strategy
@Marcus Shetter I'm in Fayetteville and we find it to be a fantastic cash-flow market. The military presence essentially makes our property values extremely stable. And they're already affordable to begin with. I also have a theory that I will be posting about soon to explain why courthouse auctions are going to be an even bigger opportunity than investors are anticipating. If you want to learn more, send a message to @Chris Stroup he can definitely help you get set up.
High Point, NC is another market with a lower barrier to entry with price. Example, just purchased a Duplex for $30k. Just need to start your research and start making offers. Not knowing your level of experience (like in rehab, analyzing deals, etc) makes it difficult to offer additional guidance.
All very helpful, Thanks everyone!
I am actually interested in the same area. I am currently in New Jersey and don't have the cash to get into another rental there . So I heard about North Carolina but I am not sure where to start .
1. Property management
2. Which areas to flip or rent and which are the safer option .
Feel free to direct message me I would love a reply thank you 👍
Or anyone else that might have the knowledge would appreciate it
Hey guys, I am looking in NC as well. I am interested in cash flow more than appreciation. If anyone can connect me with investor friendly realtor I'd highly appreciate it. We have the cash to buy.
@Joseph Bafia where did you find your Duplex ?? I'm looking to Buy a Multi Family in NC as well.
We found it on MLS. Bought it cash. listed at $43k and we bought for $30k. Keep in mind, it's in a C/D area, but the value is definitely there if you are comfortable with the level of rehab and the area.
Any Idea what's going on here?