New to Real Estate · Member since 2019 · 120 posts · 26 votes
I am from bayarea and exploring out of state investment options.One of my friend moved to NC recently and he is recommending to invest in either in holly springs or Fuquay-Varina. properties in holly springs went up in last one year. i have seen some properties in FV which are below < 350k range and rents around 1500-1800$. if my goal is property appreciation, which one would be the better bet. or are there any other areas which has potential to grow down the line other than these 2 areas?
My personal opinion is that Holly Springs is appreciating faster, but that is only a personal opinion because I have dealt with people who believe Fuquay-Varina is the better place to invest at the moment. My best piece of advice would be to look into both and really look at your numbers, contact a management company and get their rates in both areas. Cary, Wake Forest, Apex, and other places are really great places to invest at the moment in my opinion as well. Some have projected the growth to continue even though the overall market around the country will likely slow down a bit. Either way, I believe that the area you are looking has one of the highest upsides in the country right now.
Hi Shane, thanks great suggestion. I spent few days recently in all these areas. Like garner but problem is new construction does not allow investment. And inventory of houses in market is very low with lot of competition.
I am still keeping my eyes open as I believe prices will eventually settle and rents will catchup.
My personal opinion is that Holly Springs is appreciating faster, but that is only a personal opinion because I have dealt with people who believe Fuquay-Varina is the better place to invest at the moment. My best piece of advice would be to look into both and really look at your numbers, contact a management company and get their rates in both areas. Cary, Wake Forest, Apex, and other places are really great places to invest at the moment in my opinion as well. Some have projected the growth to continue even though the overall market around the country will likely slow down a bit. Either way, I believe that the area you are looking has one of the highest upsides in the country right now.
Great questions. All the sub markets around Raleigh and Durham have appreciated quickly over the last few years. To answer the question you are asking I would think about what markets have the most continued up side and how markets would fare in a market pull back. Cary and Wake Forest are bedrock higher end communities. Holly Springs is blending into the greater Cary market and should continue to see solid appreciation as well as fare well if the market shifts. I would lean towards Holly Springs.
Garner and Clayton are areas you can get better cash flow but I would say that the long term appreciation potential would be lower.
If you need insight on rents for a specific property feel free to DM me as we manage hundreds of rentals across the triangle.
Great questions. All the sub markets around Raleigh and Durham have appreciated quickly over the last few years. To answer the question you are asking I would think about what markets have the most continued up side and how markets would fare in a market pull back. Cary and Wake Forest are bedrock higher end communities. Holly Springs is blending into the greater Cary market and should continue to see solid appreciation as well as fare well if the market shifts. I would lean towards Holly Springs.
Garner and Clayton are areas you can get better cash flow but I would say that the long term appreciation potential would be lower.
If you need insight on rents for a specific property feel free to DM me as we manage hundreds of rentals across the triangle.
Thanks Philip for your in sights. I will DM you to find the details on property management.