Phoenix investor looking at North Carolina

Phoenix investor looking at North Carolina

Investor · Scottsdale, AZ · Member since 2020 · 13 posts · 10 votes

Hello!

I'm a Phoenix investor who is starting to look at other markets. Looking for a few folks in the Raleigh triangle area to start building out a local team, starting with an investor-friendly real estate agent. 

Would appreciate any leads! Thanks in advance.

Kelly

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Kit SerrellBusiness Member
Investor · Member since 2021 · 157 posts · 218 votes
4y
Quote from @Kelly Rao:

Hello!

I'm a Phoenix investor who is starting to look at other markets. Looking for a few folks in the Raleigh triangle area to start building out a local team, starting with an investor-friendly real estate agent. 

Would appreciate any leads! Thanks in advance.

Kelly

North Carolina is a really hot market to invest in and is still on the upswing. I live in Raleigh and all of of the surrounding counties (Wake, Durham, Johnston, etc) are hot. Apple, Google, Xerox, Fuji film, and Meta are all coming into the area. 5k people a month move to the area which has created a housing shortage, rent spikes, major appreciation (not just due to inflation) and you can still find single family homes for sale on the MLS in good condition for ~250k+ Tenant-landlord laws are landlord-friendly and taxes are low. The Triad (Greensboro, Winston Salem) and Charlotte/surrounding areas are also good and have good units for less than 250k. I have lived in or around Raleigh most of my life. Happy to connect, answer questions, and help in anyway I can. I know a great agent in a Raleigh I am happy to put you in touch with. 
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  • Kit SerrellBusiness Member
    Investor · Member since 2021 · 157 posts · 218 votes
    4y
    Quote from @Kelly Rao:

    Hello!

    I'm a Phoenix investor who is starting to look at other markets. Looking for a few folks in the Raleigh triangle area to start building out a local team, starting with an investor-friendly real estate agent. 

    Would appreciate any leads! Thanks in advance.

    Kelly

    North Carolina is a really hot market to invest in and is still on the upswing. I live in Raleigh and all of of the surrounding counties (Wake, Durham, Johnston, etc) are hot. Apple, Google, Xerox, Fuji film, and Meta are all coming into the area. 5k people a month move to the area which has created a housing shortage, rent spikes, major appreciation (not just due to inflation) and you can still find single family homes for sale on the MLS in good condition for ~250k+ Tenant-landlord laws are landlord-friendly and taxes are low. The Triad (Greensboro, Winston Salem) and Charlotte/surrounding areas are also good and have good units for less than 250k. I have lived in or around Raleigh most of my life. Happy to connect, answer questions, and help in anyway I can. I know a great agent in a Raleigh I am happy to put you in touch with. 
  • Investor · Scottsdale, AZ · Member since 2020 · 13 posts · 10 votes
    4y

    Hi Katherine, wow! Thank you for all of the detailed information. I would happily take a referral for an investor friendly agent. I really appreciate it!

  • Realtor · Wake County, NC · Member since 2019 · 77 posts · 60 votes
    4y
    Quote from @Kelly Rao:

    Hello!

    I'm a Phoenix investor who is starting to look at other markets. Looking for a few folks in the Raleigh triangle area to start building out a local team, starting with an investor-friendly real estate agent. 

    Would appreciate any leads! Thanks in advance.

    Kelly


     Hey Kelly! I sent you a connection request, I’d be more than happy to have a conversation with you about your investing goals here in the Raleigh area and see if I can be of service. 

  • Investor · Raleigh, NC · Member since 2022 · 11 posts · 4 votes
    4y

    Hi Kelly! I am friendly Licensed Real Estate Broker in NC working solely in investment properties.  I would like to talk with you to discuss your plans for the Triangle area.  I just sent you a connection request.  

  • Real Estate Broker · Durham, NC · Member since 2020 · 49 posts · 42 votes
    4y

    Kelly,

    I can echo what Katherine is saying. Raleigh-Durham is hot. I was born and raised in Durham and the change over the years has been crazy! I work in commercial brokerage and we get calls everyday from California and New York investors looking for specially multifamily in the area. In all honesty the market has become extremely competitive. Because of this several of my clients have turned to the Triad Market (Greensboro, Winston Salem and High Point). You can still find some really attractive deals there and there are some major things coming to the area like Boom Supersonic, Toyota, and more. 

    Thats not to say give up on Raleigh Durham, just know it is getting harder and harder to find deals. 

    Hope this helps.

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