Anyone looking at New Bern, NC?

Question

Hi All:  N00b here.  I presently own four houses; two SFH in 1-year stable leases, one that my daughter +roommates live in and the house I live in right now that I also AirBnB out.  So I have a bit of experience, altho clearly not as much as some!

I'm thinking of moving to New Bern NC, buying a 4BR+ house, doing whatever refurb is necessary, living in 1 room and AirBnB-ing the others.  New Bern is a gorgeous little town in (what seems to me to be) a great area with a lot of upside.  And yet, houses there are silly cheap, at least compared to what I'm used to in the DC area.

Anyone here doing any deals down there and can tell me what (if anything) I'm missing?

Nikki Grizzle · Answer

@Ken Blakely My husband and I are currently investing in New Bern. Its a great area for investing, especially for rentals. I am not sure about Airbnb but I do know bed and breakfasts are popular. The area has definitely progressed over the years and they are slowly but surely making it more and more appealing.

Trey McGovern · Answer

It all depends on what exactly you are looking at Ken, and obviously the specific location. As I am sure you know, every area is fraught with its own little subtleties and nuances and the same can be applied right here to New Bern.

Our town is quite charming and is an absolutely fantastic place to live, which is why I have chosen to remain here and continue to call New Bern my home. There is simply no other place I would rather be. Now, you mentioned that you are coming from DC and our properties here are 'silly cheap'. I would tend to agree with the sentiment that our homes are still reasonably priced and offer an excellent value for the dollar being spent. We also offer a much more peaceful atmosphere and nowhere near the congestion. So, with that being said, and from what I am hearing you say, I am guessing the type of property that would suit your needs would be something that fits the charming nature of the town and would be convenient for your Air B-N-B clientele? Would that be correct? I have a couple of properties already in mind that could fit your needs, just Private Message me if you would like to hear more about them.