Real Estate Agent · Raleigh, NC · Member since 2020 · 16 posts · 19 votes
What investment strategies are people having success with in the Raleigh/Durham area? Fix & Flip? Buy & Hold? BRRRR? Wholesaling? Other? Would love to hear what people have been doing and what people have been finding works
Rental Property Investor · Raleigh, NC · Member since 2017 · 157 posts · 169 votes
5y
I think you can be successful with almost anything you do. What works for me, is to do what I enjoy. That way it does not feel like a work and makes me work really hard for it, even when times get tough. Focus on one thing and do it really well.
It really comes down to your own preference, personality and willingness to do different things. I enjoy doing BRRRR. There are other ways I could make more money, but I would not enjoy it as much. So I just make the most out of this and has been working real well for me. There are some parts I don't enjoy however, so I just pay others to do it for me and just do the parts that i like. Beginnings were hard though. I end up doing a lot. But as you build your business, you can afford to start being more picky about how you spend your time.
Rental Property Investor · Raleigh, NC · Member since 2017 · 157 posts · 169 votes
5y
I think you can be successful with almost anything you do. What works for me, is to do what I enjoy. That way it does not feel like a work and makes me work really hard for it, even when times get tough. Focus on one thing and do it really well.
It really comes down to your own preference, personality and willingness to do different things. I enjoy doing BRRRR. There are other ways I could make more money, but I would not enjoy it as much. So I just make the most out of this and has been working real well for me. There are some parts I don't enjoy however, so I just pay others to do it for me and just do the parts that i like. Beginnings were hard though. I end up doing a lot. But as you build your business, you can afford to start being more picky about how you spend your time.
Investor · Durham, NC · Member since 2020 · 1k+ posts · 691 votes
5y
@Jiri B.
As previously mentioned, being in the triangle area there is an insane amount of opportunities using various methods in real estate. Whether you are wholesaling, whole tailing, doing rentals, fix and flips, lease options, seller financing, or Multifamily investing, there is potential profits to be made especially since we are in such a great market. If you are new I recommend doing a few wholesale deals to learn how to underwrite a deal and how to determine whether it is a deal or not.
My brothers and I are based out of Durham so let us know if there is anything we can do to help!
Investor · NC · Member since 2020 · 41 posts · 22 votes
5y
I have multiple buy & holds. So far I've used a modified version of BRRRR. I haven't rehabbed (yet) but let the tenants pay the mortgage down and the market appreciate, then refi and repeat. It's a little longer cycle but with all the renovation and redevelopment its been tough getting consistent contractors for BRRRR-sized projects.
That said, literally everyone is making money in the triad, in every possible way. It seems like lots of deep pockets are willing to throw stupid money to level and redevelop. So keep that in mind if you're not one of the big money investors. But they're still making money and that's great for all of us.
So do what you know best / feel most comfortable doing. Make some money. Educate yourself on other methods and diversify to your heart's content! This market is big and variable enough for all the strategies.