Seeking Investor Friendly Advice - North Carolina
I am looking to move from Long Island, NY to North Carolina. I have been targeting the following areas in no particular order:
Charlotte - Greensboro - Winston-Salem - Raleigh - Chapel Hill
I am open to others, but these have been the markets I have done the most research on.
Ideally I would like to find a property that I can live in for 1-2 years and then be able to rent it out and repeat the process. I am young and flexible during this time of my life, so I am open to different property types (house, condo, etc.) as long as the numbers work and seem reasonable.
I would love to network and hear from others who are familiar with the area and may have similar experiences. Any help is greatly appreciated as I am trying to narrow my focus and pull the trigger.
Most Popular Reply
Well first off North Carolina is wonderful and you cant go wrong no matter where you pick. The harder question is more addressing what exactly your goals are and your budget. If you are looking for pure rentals and rental income, your best bet is Greensboro or Winston Salem in that order in my option. Raleigh, Chapel Hill, and Charlotte are harder to get cash flow from. They are definitely more of an appreciation markets. There are always deals tho and if you look in the areas around them you can find some cash flow.