Raleigh, NC
I am moving to Raleigh and I don't know the area at all. Does anyone know where the good part of town stay would? I am also looking invest in some rental properties. If anyone can give me any kind of information it would be very helpful.
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Regarding "BUT this question keeps popping into my head: DO PEOPLE RENT SINGLE FAMILY HOMES in this area???" Short answer is already stated above... 'yes'. If you buy like AH4R (wall street hedge fund), expect to lose money. They pay (average) about $174K per house and rents follow at about 1% (e.g. $1,740/month). In SE Raleigh, a few years ago you could get property that would make the "2% rule" in decent areas. It's harder now...
We are in the wrong cycle (it's a seller's market) to pick up good deals in SFR, IMO.