Updated about 4 years ago on . Most recent reply
Introduction: Relatively New to the Triangle and New to REI
Hey folks!
My family and I moved down to Raleigh from the DMV area about 4 years ago. Now that we've gotten settled, I'm looking to better understand the REI opportunities in and around Raleigh (1.5 - 2hrs around downtown Raleigh). I'm new to REI and Bigger Pockets. I'm interested in buy and hold of small multi-family (2-4 units) cash-flow rentals. In my wild brain, I'd like to also understand land development.
In any case - "Hi! And nice to meet you all! I look forward to engaging with you all along this journey".
Ralph
Most Popular Reply
@Ralph Plaskett
Glad to help. The Triad refers to Greensboro-Winston Salem-High Point, which is a less hot market at the moment, much weaker (but still okay) in terms of employment and demographic trends.
As for Class A, B, and C areas, you will have to talk to a good real estate agent. I might catch some flack for this, but I think a good screening question is “what part of East Durham would you invest in” (or Southeast Raleigh if you prefer that market). A great agent will know the parts of those areas that are turning quickly. I like East Durham because it used to be a Class F area (think bad part of Detroit), so an experienced agent who doesn’t know the area well anymore still tell you to run away, but there are now some really nice B/C streets. Just my 2 cents.