Help me understand Fayetteville, NC

[Malick Guindo]

HI.

So i'm looking to make my first move as an out of town investor. I'm looking for steady cash flow on a rental like everyone else, without long vacancies. Some of things I consider besides the analytic part is the number rentals available, rental comps, number of house for sale and date of availability.

I've been looking daily and I'm having a really hard time deciding where, I wonder if people do end up with a duplex in every state, lol. But I'm so ready to jump. 

Anyway, i received some listings in Fayetteville, NC today and they look good but it seems like there is an overwhelming amount of rentals and houses for sale in that market, prices are very competitive and some been on the market for almost a year (Zillow).

Do you look at those details? As an out of town investor with so many available options in different markets how do you narrow it down? any apps or websites to answer your questions?

Also how landlord friendly is NC?

[Joe Graziano]

Hi Malick

North Carolina is a Landlord friendly state. Fayetteville has a large military rental market considering it is home to of one of the largest military base in the US. I'd suggest to contact a successful real estate agent in that market that can help you. I am not bullish on that specific market, not to say there isn't opportunities. In that specific markets its about basis.(purchase price.) If your eager to get into Realestate look into a multifamily apartment buildings that have economies of scale. Partner with people who have experience and learn from their success. The best investors are ones who spend a great deal of time educating themselves. Take your time, do your homework! Best of luck on your journey.