Looking to Purchase a Single Family or Multi-Family Residence in Wake County

[Anthony Pirolli]

My name is Anthony and I am currently looking to purchase a property in Wake County. I see there are not a lot of Multi-Families available here so my course of action would be to purchase a single family I would live in with my fiance and then later on purchase another single family to start my business. The ideal scenario would be to find a multi-family that the two of us could live in and then rent out the other side but it does not look very feasible currently with the low amount of multi-families on the market. 

I could easily afford 550k+ on my income and fiance will be starting her pharmacy career somewhere around the area.

Any suggestions on moving forward and starting to build equity? I am currently renting in Fayetteville.

Thank you

[Cameron Corzette]

Hello Anthony!

Wake county is an excellent market as a whole and its investment-property sector may be extremely competitive, but is well worth the effort. 

Multifamily housing (MFH) here will often get picked up by experienced investors (often with cash/hard money) or wholesalers (with lots of connections) that will make it difficult for the property to reach the market at all.

My suggestion is to network with specialized investment real estate agents and teams that can give you the inside scoop on MFH before it hits the market or at least have a strategy in place so you don't feel "rushed" to invest in the first property you come across. 

I am happy to connect on the phone or over message if you have any questions!