Alamance County Investing - North Carolina

[Graham Storey]

Hello everybody.

I am a commercial broker in Durham, NC and work with a lot of investors looking for all types of income producing properties. I am just now starting to look for personal investment properties.

From my experience working with investors in Durham, it seems like an extremely tough market for anything under $250,000. I have also done some work in Alamance County (Burlington, Mebane, Graham, Etc) because I have a hunch that market is going to explode. However, I am not nearly as familiar with that market like I am with Durham. Alamance is perfectly located between two growing markets, the Triad and Triangle, and there are a lot of big manufacturers moving to the county.

I was showing one of my listings in Burlington to a residential agent and she claimed she had investors/flippers in Alamance making $100,000 or more per flip.

I was just curious if anyone on here is actively investing in the Alamance market, whether it is buy and hold, flipping, etc. Just want to know if it’s a market I should consider.

Thanks!

[Annchen Knodt]

Hi @Graham Storey, I bought two rentals in Burlington due to the much better cashflow potential than what's currently possible in Durham.  Like you've pointed out, I also appreciate the location between the triad and the triangle and the big manufacturing presence, Elon, and Lab Corps.  I've seen lots of others speak favorably of the area on the forums here, and definitely felt the investor competition while I was looking to purchase (I found that I needed to make strong cash offers within a few hours of a property coming on the market).  My assessment has been that it's primarily a buy-and-hold cashflow market, but I'm also not as in touch with the flipping side of the business.  Hopefully other folks with more experience will chime in!