Insights on Concord/ Raleight North Carolina market

BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Insights on Concord/ Raleight North Carolina market

Jonathan Lopez
Los Angeles, CA · Member since 2018 · 12 posts · 9 votes

Im new to real estate investing. Been listening to BP podcast all throughout my college years and now that I’m finally out of college I am looking to buy my first property out of state.

I plan to do BRRRR method on properties under 120k and current looking at North Carolina, specifically the Concord and Raleigh area. Would appreciate any advice/insights on the NC market and would also be open to learning about other markets that may be a better fit for the BRRRR method. Would prefer cash flow over appreciation.

Thank you in advance!

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Dan DiFilippoBusiness Member
Real Estate Broker · Fayetteville, NC · Member since 2020 · 251 posts · 244 votes
5y

@Jonathan Lopez PM me you like. I'm a Fayetteville broker. We find our cashflow numbers to be much stronger than up in the Triangle area, primarily as a result of our lower prices. I would be happy to discuss more.

[email protected]910-745-6972
Brookdale Property Management
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  • Shane Wolf
    New to Real Estate · Raleigh, NC · Member since 2020 · 37 posts · 28 votes
    5y

    @Jonathan Lopez at that price point you won't find anything in Raleigh, even a distressed property. I have not done analysis on Concord so can't comment there if the price point will work.

    If you are looking for that price point and a cash flow property look at markets like Fayetteville, High Point, Burlington and Rocky Mount. Some will have a bit lower property class but the trade off is cash flow.

    Best of luck getting started out.

    0Reply
  • Dan DiFilippoBusiness Member
    Real Estate Broker · Fayetteville, NC · Member since 2020 · 251 posts · 244 votes
    5y

    @Jonathan Lopez PM me you like. I'm a Fayetteville broker. We find our cashflow numbers to be much stronger than up in the Triangle area, primarily as a result of our lower prices. I would be happy to discuss more.

    [email protected]910-745-6972
    Brookdale Property Management
    WebsiteView Page
    2Reply
  • Robi Schreckhise
    Real Estate Broker · Charlotte, NC · Member since 2017 · 88 posts · 44 votes
    5y

    @Jonathan Lopez

    I am a local real estate broker in Charlotte, NC. About 20 miles from Concord, NC. I work exclusively with real estate investors from across the country to help them invest in the Charlotte market and surrounding suburbs. Quite a few of them are from California. I would love to jump on a call with you sometime to talk about the opportunities here and see if this area would be something you are interested in. Just let me know

    1Reply
  • Carlos Paz
    Real Estate Broker · Concord, NC · Member since 2019 · 74 posts · 42 votes
    5y

    Hey @Jonathan Lopez, I live in Concord and I'll be happy to share the market insights about this city. Not necessarily in the strategy that you are looking for, but is a good guide that will help you decide in which markets to invest. I've sent you a PM.

    1Reply
  • Pieter T Van Zyl
    Rental Property Investor · Charlotte, NC · Member since 2019 · 42 posts · 25 votes
    5y

    @Jonathan Lopez

    I've grown up in Burlington NC, went to school in Raleigh, and Currently live in Charlotte! The one thing about NC that should get anyone excited is the population growth and real estate prices/rents. My point is that the state in general is a great place to purchase. For your price point I would add West Gastonia/Kings Mountain (new casino coming) or Burlington/Mebane (Raleigh/Greensboro commuter crowd) to your list.

    "Between 2017 and 2018, North Carolina's population grew 1.1%, adding about 113,000 people. The state grew faster than both the nation (0.6%) and the rest of the South (0.9%). [1] Since 2010, the state's population growth has outperformed the nation, having grown 8.5% compared to the nation's 5.8%." https://www.nccommerce.com/blog/2019/10/31/nc-annual-economic-report-population-change#:~:text=Between%202017%20and%202018%2C%20North,compared%20to%20the%20nation's%205.8%25.

    0Reply
  • Logan Hartle
    Real Estate Broker · Charlotte, NC · Member since 2020 · 114 posts · 64 votes
    5y

    Hey Jonathan, I’m happy to assist in any way I can. I focus on assisting investors. I think you can get this done depending on your criteria.

    0Reply
  • Jonathan Lopez
    OP
    Los Angeles, CA · Member since 2018 · 12 posts · 9 votes
    5y

    @Shane Wolf Thank you for your insights on the NC market. Will definitely check out Fayetteville, High Point, Burlington and Rocky Mount. 

    @Dan DiFilippo Will check out Fayetteville area and PM you if i have any questions. Thank you !!

    @Robi Schreckhise Sounds great, lets connect and see if we can get a phone call set up sometime this week. Thank you

    @Pieter T Van Zyl Appreciate the data! Do you know the type of class these neighborhoods are considered? Class A,B,C ? 

    0Reply
  • Pieter T Van Zyl
    Rental Property Investor · Charlotte, NC · Member since 2019 · 42 posts · 25 votes
    5y

    @Jonathan Lopez

    Each area will have every class type, A,B,C. These are large areas not neighborhoods

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