New to Real Estate · MI · Member since 2020 · 13 posts · 6 votes
Hi all, my name is Misty and I am looking to get started in out of state Real Estate investing and these are the markets that I am interested in: North/South Carolina, Georgia and Florida. If you have any recommendations in these states I would love to hear them. Looking forward to your feedback and to make some lasting connections.
If you have any questions about the Wilmington market, I would be happy to help. Deals right now can be hard to come by as in many places but depending on what you’re for, they are still out there. It can just be very competitive. Good luck with getting started!
Hi Misty! I'm new to real estate investing myself and recently moved from Winston-Salem, NC to Durham, NC. As far as North Carolina is concerned, my research has turned up the Charlotte, Winston-Salem/Kernersville, Raleigh-Durham, and Fayetteville areas as being the best places to invest. I know that Winston-Salem really seems to be booming, as my realtor in that area has never been busier! She mentioned that she believes the Charlotte area to be the best place to invest in the state right now. The Fayetteville area is more in my price range at the moment and I actually submitted my first offer on a rental property last night! What sort of investing are you interested in?
@Robert Bowser Thank you! and it is nice to meet someone fan of the Florida market. Would you have any recommendations on top markets within Florida for vacation rentals?
@ Zachary Rymarcsuk Thank you for your feedback! Really great info and congrats on putting in your first offer. Very exciting and wishing you the best of luck on this! I'm looking at rental properties and vacation rentals. I also really interested in commercial properties. What sort of investing are you interested in?
@Misty Syts I am a local real estate broker in Charlotte, NC focused on helping investors that would like to invest here. Is there a particular price range your looking to stay within?
@Misty Syts Thank you! I too am interested in both long term and vacation rentals. Within the next few years, I would like to have a vacation rental either near the coast in Wilmington, NC or Charleston, SC, or the mountains near Boone, NC. What type of commercial properties are you interested in? I hear commercial is potentially more risky nowadays with so many businesses having employees work from home for the long haul.
If you have any questions about the Wilmington market, I would be happy to help. Deals right now can be hard to come by as in many places but depending on what you’re for, they are still out there. It can just be very competitive. Good luck with getting started!
Welcome Misty! Hope you're having a great week thus far. I'd love to connect and hear your plans and goals for getting into real estate for there are many avenues to take! Take care and looking forward to connecting with you.
@Misty Syts the Kissimmee area, which is south of Orlando near Disney, is solid for short term and long term rentals. Prices aren’t bad but keep in mind if you’re thinking long term rentals the income in that area is relatively low, as it is based on tourism.
I would love to connect with you as well, to start learning more about the Wilmington RE market. My wife and I love visiting the area and have stayed in both bed and breakfasts and condos during our stays. Each one has been amazing and we would love to have a rental there in the next few years.
Hello Misty! I am realtor in St. Petersburg / Tampa area in Florida. I would love to connect to find out what type of investment properties you are looking for. I know several great areas where I would recommend you to invest in. It all depends on what type of investment you are looking for. Are you doing it more for the cash flow or holding properties that have a high appreciation rate?
@Misty Syts Welcome to BP! If you're looking to invest in out of state properties, definitely connect with @Ali Boone here. She specializes in this area and has written on this topic extensively for the BP blog. I'm sure she'll be happy to answer any questions you have about out of state investing. Hope that helps!
@ Robi Schreckhise Nice to make the connection. For price range, it really depends on the property. With Covid are you seeing any flux in people moving out of the area?
@Zachary Rymarcsuk I completely agree with you about what you are hearing right now regarding commercial properties. From what I am hearing, now is not the time to invest in commercial properties. There is much uncertainty about what/when the work places will be like after Covid is all behind us. Some / if not most people don't want to return back to their offices (full time). I think commercial will be a longer term goal for me. For now and the next couple of years, I would like focus on my states of interest and work on building my portfolio with the long term rental and vacation rentals.
@Oliver Evens Thanks for the connection. Nice to know someone in this area. What market trends are you seeing lately? Are you seeing more people migrating to this area during Covid?
@Johnny Wolff Nice to make the connection. My list of states is solely based on my own personal interest and for me to be in this area long term (Golden years).
Great advice, the triangle in NC does sound like a more stable/solid investment market due to the economic base in that area.