Tell us about the place and the area. I am unfamiliar with that area so it is cool to learn new things. What makes the area great for a STR?
North Carolina is a very green and lush state. We have plenty of farming land and tons of trees around these parts.
Wilson is a small rural city in eastern NC, with about 50k people. It's locate approximately 40 miles east of the capital city of Raleigh, and about 40 miles west of Greenville NC (Home of ECU Pirates). It's also right off the I-95 interstate corridor which brings transit from all over the East Coast.
Wilson is not a very touristy location, but it does bring some soccer & baseball travel teams through every year. I actually don't think this area is a "GREAT" area for STR, however... the property I'm buying happens to be a condo in a great side of town less than half-mile from the regional hospital. We get plenty of traveling nurses, so I figured a property in the hospital area would be my best shot at trying an STR in my back yard. So when this property came on the market I jumped on it. The numbers do work for LTR, so I figured why not? Worse I can do is to convert it back to LTR... and thus my STR journey began!
Hey @Kevin Casillas! I'm in Raleigh and have a number of investor clients. My team and I find ourselves working further and further away from Wake/Durham county as prices continue to push higher. Would you be willing to share more on the numbers/performance of your properties? I'm always curious to learn more about the markets adjacent to the Triangle. Thanks!