Updated almost 5 years ago on . Most recent reply
path to progress in Raleigh
Hello! I am moving to work in downtown Raleigh in the new year and looking to purchase a house to live in with roommates. Wondering what the path of progress is in Raliegh/ which neighborhoods to buy in as well as the best time to buy?
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I live/work in downtown Raleigh. And if you are going to be close enough to walk, like I am, you're looking at 400k, rents won't support that. Path of Progress to me is SW and South. But really, anything within 15 minutes of downtown can be a good location. Inside the beltline, east Raleigh is also gentrifying fast. And north Raleigh along Capital, Millbrook; and East in Nightdale are all viable at the right price. Rents cap out around 1500. so 200k purchase is about as high a break even you can get.
@Dawn Brenengen is a great realtor/investor in the area who I recommend.
If you are down on a fact finding mission, or just after you move, PM me and we can do coffee. There is also an excellent Meetup every month (in NW Raleigh)