All Forum Posts by: Hannah Smith

Hi all! Happy New Year!

I am fairly new to BP and have been researching and saving in anticipation of buying my first property this year. I currently live in Raleigh, North Carolina / The Triangle Area and consider my market decently expensive with lower returns than I could perhaps obtain elsewhere.

Does anyone have any thoughts/comments with regard to purchasing a property in the Triangle that is owner-occupied (myself) and renting out part of it and eventually converting it into a full rental that I no longer live in OR investing out of state with the potential for higher returns?

If the property is occupied by me I can have a very low down payment and a great rate. If I buy out of state I know I'd have to put down more money but it might be a better investment in the long-run. I've been looking at properties in the Triangle for several months now and cannot make the numbers work from an investment perspective. 

Any thoughts or advice would be appreciated. Thanks all. 

@Andrew Syrios and @Jonathan McGee Thank you both for the warm welcome :) 

@Adam Schneider that is awesome to hear! I will definitely check it out. :)

@Tiffany Alexy thank you tiffany!! Looks like we’ve got a lot in common :) Very cool!

@Adam Schneider !! I will check both of those out. I have heard of TREIA but wasn’t sure how active it was. Thank you :)

@Jody Schnurrenberger Thanks Jody :)

Thank you @Ty L. :) 

Thank you @Shaun Palmer! :)

@Caleb Heimsoth thank you caleb! Will send you a PM sometime over the holidays. :)

Thank you @Maxwell Allen :)