We just finished our first rehab in Portland, Oregon and now feel that we have been priced out of the market. I’m also sick of Portland and ready to move back to the southeast closer to family. I’m from western NC so anywhere within 7 hours of Asheville would be ideal. I prefer a decent sized metro area or at least being within an hour of one. Houses under 300k are preferred. Any suggestions would be greatly appreciated. Thank you everyone!
I invest and live in the Florida Panhandle (Pensacola, specifically). The market is red-hot here, as it is everywhere, but there are definitely deals to be found if you get on enough lists and network for deals. Definitely will not be finding anything on the MLS that would be a good BRRR candidate very often.
Hi @Erik Barlowe , I live in Concord NC witch is about 25mins north of Charlotte. I’ll be happy to share some insights about the Charlotte Market and surrounding cities and to learn more about your investment strategies and your goals. Just sent you a PM to connect.
It would be worth starting with an evaluation of the surrounding suburban sprawl for larger cities like Atlanta metro area (several cities), Charlotte, Greenville, Spartanburg, etc. to list a few starting points. They have easy future growth path for development and diverse jobs. Smaller options like Boone which has consistent App State student demand can also be evaluated if you just follow some of the highways on a map outward from the major cities.
Pre-COVID I was in/out of these cities pretty regularly for events and all of them are easy weekend driving distances to each other. Disclaimer that I'm a beginner though and only on my first house-hack/
BRRR hybrid deal. I did not have the same perspective back when I was in/out of those cities more often so I'm going off pure memory.
Greenville SC one hour from Asheville is the place to be.
Great place to live with off the hook downtown.
Vibrant growing economy anchored by BMW, Michelin, GE.
Housing still affordable.
You can still buy good BRRR houses for $80,000 to $100,000.
Laura and I moved to Greenville six years ago from Silicon Valley SF Peninsula and love it.
Lots of great places to live in the Carolinas, you just need to find the right one for you.
Be sure to check out #yeahthatgreenville before you make a final decision.
Arn, I’d be interested in connecting and hearing your experience in Greenville. I own investment properties up in Ohio and recently relocated to Charlotte. The Charlotte market is a little too expensive for my taste and have been looking at Greenville/Spartanburg. I’d love to connect!
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