looking to invest in NC from MA for first time. tips?
Hi all, I'm a Boston investor and I have an immediate family member moving to Fayetteville NC. I'll be down for a weekend in Dec. helping him get situated. This accessibility is sparking a thought of my first time investing out of state. here in my market a mediocre midsize single family is easily $500k+ and 2/3 family gets up between $700-900k+ so when i decided to browse the market down there i was blown away with the potential. to put this in further perspective the cost of the home seems to be almost 300% more up here, but the rent amount is only about 150-200% more.
what were your experiences on your very first out of state deal?
do you live or invest in NC now? I'd love to chat or meet with anyone while i'm down there next month.