Updated over 8 years ago on . Most recent reply
Rental Properties in North Carolina
Looking for some advice/feedback. Is anyone currently invested in North Carolina as far as rentals? If so, what areas are optimal for a good cash flowing rental (minumum vacancy rates)? I am currently looking into the Triad areas (Winston-Salem, Greensboro, High Point, Dobson). Thank you for any advice!
Most Popular Reply
Michael, Hi. I live in the Raleigh (Triangle) market and own/operate a Property Management company here. I think the answer to your question is probably the same as in most areas - "It depends". Overall the areas you mention are good for cash flowing rentals and with the overall economy strong in NC they should have low vacancy rates. However, like anywhere there are going to be better and worse parts of each market and they will react differently to any upcoming changes in the market. I can speak to the Raleigh/Durham metro area but you would want to connect with someone specific to this areas you mentioned. I think Winston-Salem and Greensboro are doing well from what I hear but I know there were parts of Winston-Salem that were really grim a few years ago and now look great, on paper, but I personally would be concerned as to how they would react to any economic dip.
You might want to try and connect with wholesalers in those areas. You could start by reaching out to @Adam Schneider
He has been in this area for a while and may know those cities or likely can connect you to good people.
Good luck!