All Forum Posts by: Matt Greer

definitely will be there. I missed it last time he was in town.

@Andrew K. makes a good point. In the Fayetteville, NC market the demand for clean rentals is very high. The market is full of sub par rentals so if you have a decent house here it'll be in high demand. Luckily not a lot of people buy here but a lot of people rent so it creates an ideal market for buy & hold

@Blair Colsey I’m in Fayetteville, NC and everything we deal with out here beats the 1% rule it’s a great town if you’re trying to get rental income. House prices are low so you can spread your money out over multiple houses which is nice in case something were to happen to one of them. There’s also new tenants daily since the largest military base Fort Bragg is here in town.

I’m not in Georgia but I’m really looking for properties in Columbus, Georgia around Fort Benning.

@Andrew K. has a good point. Know the military demographic.  Yes military members have so much stuff and just army equipment. I used an entire room in my house to store all my gear. So storage like a garage or usable attic is a huge plus.

@Eric James I’m in a military town and the most successful property managers are on the road between base and town and have high vis signage. People will know your business and walk in or just google your business name if it’s present in their mind.

@Fabio A Becker Loch Lommond drained during hurricane matthew which decreased that neighborhoods value, but once its fixed those ARV will go up. I think that makes it an excellent buy and hold (assuming they fix the dam). As far as dangerous to investors tell the people who told you that to look at the rental ROI, because they're really high here. Flips can be a little tricky, but they're still profitable.

Fayetteville is such a great place to invest. I love it. there's just piles of cash all over town in real estate form and I can't pick them up fast enough.

@Jason Colclough I will, because I'm interested in vacation rentals in the next year.

Wow I forgot about this thread. I was still real new when I first commented. I've since done multiple deals in Fayetteville and the surrounding area. I love looking back and seeing my growth. 

Things I've learned about Fayetteville:

1. It's not just Fayetteville but the whole Fort Bragg area that's awesome this includes; Fayetteville, Raeford, Spring Lake and Hope mills. All are towns that touch Fort Bragg the main source of income and tenants for the area. 

2.  RENTALS are amazing in this town! Purchase prices are low and rental rates are high. Why? because the town is 52% rental occupied! Compared to the national average of 36% in 2016.

3. VA loans are how houses are bought in town. It's literally next to the biggest military base so prepare accordingly when selling. For example have a fridge or other amenities installed already and add build them into the price of the house since the idea of a VA loan is to put nothing down out of pocket.

4. Drive your comps. There are nice neighborhoods right next to not so nice neighborhoods. I'm sitting at home office looking out my back window and I see a house about 400 yards away it's in an entirely different neighborhood zoned differently with different values. This would be a bad comp for my house, but one slightly further away in my neighborhood would make more sense. The neighborhood lines aren't always clear on a map. 

@Jason Colclough The area to avoid is Murchison rd. In fact the county is doing a study on it to see why it's so bad. Over by the Ann street landfill and B st is a good place to avoid. Anywhere where the ARV's drop below $75k is a good indicator as well although there are a few good pockets. Also parts of Bragg blvd aren't so pretty either whereas haymount which is off Bragg blvd is amazing. Other great places include 28303 anywhere within 5 minutes of a Fort Bragg entry point and anywhere in the Jack Brit school District. Also you'll see certain neighborhoods are only good for rentals this is indicated by low priced recent sales with really high rental rates.

If you have questions feel free to message me. I have special interest in the Fayetteville/ Fort Bragg area, because I live here with my family and want it to be a good place. Investors restore value and that's what we need. There is tons of money to be made in this town.