Raleigh-Durham investing from out of state
Hello Raleigh BP members. I live in California and looking to invest in SFR properties out of state. Have been looking into Raleigh-Durham-triangle area. My goal is to start with one SFR/townhouse/condo in a decent area and go from there.
I would be glad to hear any tips from people who are local to the area or have invested there. Also if anyone can recommend local realtors, property managers who are good and trustworthy to oversee rehab and tenant selection and management, lawyers, etc. Looking to build my team. I plan to make a trip to the area in about a month during during the holiday period to take a look at properties, so would be glad to connect with people who know the market. Thanks everyone!
Most Popular Reply
RDU is a great market! There's a lot of job growth and relocation happening right now, so a very strong rental market in addition to the seller's market we're still in. You'll probably get a taste of that if you start looking here, as there are too many buyers for too little homes on the market.
Let me know if you have any specific questions about the area and I'll do my best to answer them.