Exploring Greensboro - CAP rates, neighborhoods, days on market
Hey Folks - I'm located in Durham and have done some investing here, but the market has gotten too frenzied. Not finding many good deals.
I've noticed that property in Greensboro is much cheaper but the rents seem to be decent. Curious what kind of experience I should expect and what you all have learned. What are the CAP rates? Is it an active market? In other words, if I buy a property or two, will it be easy to sell if I decide to get out? What is the average days on market?
I'm seeing a lot of sub $100k properties around the university. Are these good areas to invest? Seems like there would be a strong rental market around there, but I'm skeptical of the prices. In Durham, that price point means low rents and less reliable tenants.