Anyone buying real estate in Wake Forest, NC?

Question

Looking to buy real estate in the Wake Forest, NC area - it’s about 30 mins north of Raleigh, NC. Curious as to if anyone is currently looking in that area/ gauge the potential for investment opportunities.

Phillip Bradrick · Answer

@Scott B. Hey Scott, I’m an investor in the area and have quite a few rentals of my own in Wake Forest. It’s a great spot with good rental demand. Let me know if you have any more specific questions￼. Happy to help!

Phillip Bradrick · Answer

@Scott B. You are correct. The area you mentioned is beginning to turn but has been a low income area for a long time. The Traditions neighborhood backs up to it on one side and wake Forest downtown is starting to develop a long Wait Ave. I’m currently working with some developers on a larger project across from the old Wake Electric building.  If this project goes through it could be a tipping point for much of that area.

Trey Fletcher · Answer

@Scott B. I am an investor in the Wake Forest area. It is still fairly affordable to get into no matter what your strategy is. I bought a house built in 1982 to house hack and updated everything (bathrooms, kitchen, flooring, and paint) then finished the basement. I am probably all in at 330k - 340k and could sell today for well north of 400k. There is enough here rental demand to do buy and hold or fix and flip if you wanted to sell it and keep moving.

Scott B. · Answer

@Phillip Bradrick thanks for the note. Sent you a message sepcor did you receive. Looking at your thoughts of investment potential north south of e Juniper and East west of n Allen. Saw they a lot of newer Renos and a sense that there is an effort to clean that area up. Also I saw a few outliers being built like 211 7th St, Wake Forest, NC 27587 and a few others. Wanted to get your thoughts on the rental and investment opportunities in this area.

Anyone buying real estate in Wake Forest, NC?

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