Or is everyone waiting for the election to pass...

As mentioned previously, we closed on a Wilmington property Tuesday (9/15), listed it for rent Wednesday (9/16), and leased it Sunday (9/20). The property will cash flow $350. Somewhat surprised to get a qualified tenant in less than a week, only had to do one showing. Ready for the next one....

Just put another property under contract in Fayetteville on Monday, closing on Wednesday

My wife and I just closed on a second STR investment in July and we helped a client from Ohio buy and renovate in August so he could have a winter home in Wilmington NC to escape the snow. Even with pricing holding firm, our area continues to be attractive due to affordability as compared to big metro markets.

@Jeffery Gibbs where are you buying in Winston Salem? I'm new to the area and looking for the C+/B neighborhoods. Have any property managers, lenders, wholesalers or contractors you would recommend?

We just closed on a deal in Wilmington this Tuesday. It was a FSBO in the Ogden area. Not the greatest numbers and cash flow. Property has new roof, HVAC, and no trees or crawl space (learned my lesson with those). First time buying a 90s property with vinyl siding, which I hope won't cause too much maintenance issues. Here are the numbers: Purchase price was $205,000, listed at $215,000. I have listed it for rent at $1,740 with lawn care and maintenance included. Cash flow at $370 after cap ex, PITI, etc. While we haven't been overwhelmed with requests, we have gotten enough for me to continue with pricing as is. I am curious how others handle lawn care? I prefer to have it taken care so I know the lot continues to look good and neighbors will be satisfied. That said, it ups the rental cost by about $100, which can make a big difference in interested tenants. Do others offer to provide lawn service as an additional fee? If I did that the listing would be shown at $1650 instead of $1740....Sorry to hijack the post.

I am still buying / looking to buy in the Charlotte metro area.

Hey Trae, I too live in Greensboro and am looking to buy my first rental property this year. Greg

Getting back to Fayetteville in December and definitely looking to add some more investments to our portfolio.

I have investors that want to around the Asheville area, but hard to find the properties for them at this time. Buyers are there, inventory is not...

Hey @Zachary Rymarcsuk I also stay in Fayetteville NC. Just starting off with real estate, haven’t got my first deal yet but it’s coming soon!

Who's Buying Properties in North Carolina?Who's Buying Properties in North Carolina?

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