All Forum Posts by: Jared Trindade

https://www.cityofws.org/Docum...

https://www.cityofws.org/

https://www.ncdot.gov/projects...

https://www.redfin.com/city/19...

https://www.realtor.com/reales...

15 Votes

My pleasure! I grew up mostly just north of Winston, so I agree with you there!

2 Votes

4 Month Update for Burlington NC: Previous post in Market Data Thread -https://www.biggerpockets.com/...

*This is the second post in Burlington NC Market Data Thread*

Burlington is a small city positioned just to the east of Greensboro NC, supporting a population of just around 60,000 and employing about 25.6k people.

Burlington's annual population growth rate is sitting around 2.13% which is phenomenal, 6.52% growth since the 2020 Consensus has been recorded (wow). Persons over 65 account for ~17.8% of the population. Median age of 38.8, ~23 min average commute to work, and less than 3,000 veterans locally. Greensboro is the 17th largest city in NC, and 625th largest in the US.

Worth a mention is Burlington's "Carolina Corridor Commerce Park" which is intended to promote commerce growth and development in the area for future prospects of business. They are also tackling and working to remodel and revamp some of the collector roads, and improve public transportation connections for local residents. As Burlington reports roughly 41% of their local traffic is students, which could be tackled by some local road improvements and public transport, so the city is working on both of these. Downtown is getting revamped, and Burlington is seeing what I think is the beginning something that's going to last for quite some time. A period of growth, infrastructure development, and commercial acquisitions. There's a lot to cover, so in my next post I will hit more so on specific companies moving in, and/or investing in Burlington. Things are looking great for the small city. Total Tax Evaluation in 2020 was $5,074,659,119 vs 2022 which was $5,299,935,772. "Budget appropriation ordinance establishing a tax rate of $.5973 per $100 valuation on a total estimated valuation" Hasn't changed in awhile either.

Burlington's largest employer is LabCorp which has it's HQ in Burlington, it employs over 3,000 people in the county.

There are no notable schools to mention inside Burlington. Elon University is in nearby Elon (which basically connects directly to Burlington), and it's bus system even runs through Burlington so I will include it here. Elon in 2020 reported 7,117 with a 95.8% full time student rate.

Let's talk crime, then numbers. Burlington sits at a 2 out 100 on the crime index (with 100 being the safest). I'll sum up 2021 to 2022 for you. Crime is going down, I want to mention a couple interesting things I found going through the 2022 report. Taser deployment was down 46.2% Year over year after getting new Tasers. Interesting, maybe the Gen 7 is significantly better than previous models, including the decreased need for deployments. Burlington only reports 2 deadly use of force interactions in 2022, both of which the police took both individuals into custody with no fatalities. Training related to de-escalation and awareness of the community has led to a very interesting stat. In 2021 Officers un-holstered and displayed their service weapons 61 times, in 2022 it was down to a mere 14 times, that's honestly impressive. Burlington is taking a lot of steps to make their communities safer, and it's clear their PD is proactively trying to improve their police work. Including a 55.6% decrease in use of force in the same time frame. If you are interested in more info on BPD 2022 report check out -https://public.powerdms.com/BP...

The median home value is around $145,000, median sale price is around $250,000. Average DOM around 61 with average homes getting 1% under list and pending in 23 days, and hot homes are getting an average of 2% over list and pending in 6 days. Many homes are getting multiple offers, and I'd consider it "Very" Competitive for the deals that are going. Burlington has become a known Flipper area in NC, and has become a very hot market in its own right. The limit of inventory is probably the only thing holding investors back right now.

About a 55% owner occupied ratio. SFH 63% MFH 32%. Poverty rate is around 17.2%. Affordable housing a need, and as mentioned previously Flippers are having a field day here, you may be able to guess why.

Burlington has a cost of living ranked as 21/50th most expensive in NC, which means as far as NC is concerned it's close to middle of the pack on pricing.

Burlington's most recent figure for GDP is at $6 Billion, in 2018 they were at $5.5 Billion, decent growth considering the size of Burlington.

I of course have to mention appreciation in Burlington, looks like the average annual appreciation rate is sitting around 2.60% since 2000.

To conclude Burlington is an area that if you flip, you should be paying attention to. The price points, attraction of the area, and large base of SF Homes to work with, it's become an area that many investors mention to me when speaking about NC. If other's are talking about it, you might want to at least hear it. The savvy investor has great opportunity here in town, and with Burlington's staggering growth which isn't appearing to slow down at this moment; Burlington is looking more attractive than ever. Anything that touches or is situated near I-40 shall continue to reap the benefits of being on the I-40 Line.

Talk at you again in 3 months Burlington!

Cheers!

For more reading and sources:

https://www.forbes.com/places/...

https://www.burlingtonnc.gov/7...

https://public.powerdms.com/BP...

https://www.redfin.com/city/23...

https://www.realtor.com/reales...

https://www.burlingtonnc.gov/1...

https://www.burlingtonnc.gov/D...

3 Votes

4 Month Update for Greensboro NC: Previous post in Market Data Thread -https://www.biggerpockets.com/...

*This is the second post in Greensboro NC Market Data Thread*

Greensboro is a large city positioned between Winston-Salem and Raleigh NC, supporting a population of just under 300,000 and employing about 144k people.

Greensboro's annual population growth rate is sitting around 0.15% which is meager, 0.46% growth since the 2020 Consensus has been recorded. Persons over 65 account for ~13.4% of the population. Median age of 36.3, 20.2 min average commute to work, and around 13,000 veterans locally. Greensboro is the 3rd largest city in NC, and 69th (potentially 68th) largest in the US.

In my previous post I covered briefly some of the local investments via companies. That said, I want to mention something interesting from the Gboro Facts Sheets from 2021-2023 that have been released. 2021 put Gboro's Tax Evaluation at $29,448,300,000 with a budget of $619,744,308 vs 2022/2023 (Reflecting the same numbers) at Tax Evaluation $36,800,000,000 with a budget of $688,260,220. This is evidence that money has been pouring into the city, and many projects have recently finished. The city continues to grow, and will continue to see a slow steady trickly of development as it steadily grows.

Greensboro's largest employers are Guilford County Public Schools, which employs over 10,000 people, Coen Health, and the City of Greensboro.

Greensboro's premier school is University of North Carolina Greensboro (UNCG) which as of 2020 reports 19,746 students with a 76.4% full time student rate.

Let's talk crime, then numbers. Greensboro sits at a 4 out 100 on the crime index (with 100 being the safest) Taking a look a the 2022 GPD Year in Review reports, looks like crime has dropped in Gboro quite significantly from 2021-2022. Homicide down 23%, Aggravated Assault down 5%, Robberies down 16%, Guns Seized down 11%, Traffic Fatalities down 12%, Overdoses down 26%, and interestingly Overdose Deaths are up 14%. Good work Greensboro, that's truly a great job done in a year. Gboro was awarded $2,000,000 to help with Neighborhood Crime Prevention, and is considered one the most innovative PD's in the country. They partner with, develop, and utilize many new technologies related to solving crime, and it looks like it may be paying off.

The median home value is a moving target around $170,000, median sale price is around $225,000. Average DOM around 51 with average homes getting 1% under list and pending in 33 days, and hot homes are getting an average of 1% over list and pending in 19 days. A few homes are getting multiple offers, and I'd consider it "Slightly" Competitive for the deals that are going. Either you are putting out something that people are interested in, or it's over priced and not interesting, especially for investors.

About a 51% owner occupied ratio. SFH 63% MFH 36%. Poverty rate is around 18%. A solid amount of renters, supplied with students regularly, and decently high poverty rate, gives investors opportunity to work with in this City. Coupled with the fact Greensboro has throughout history hit random strides where its population rapidly increases, it's possible to see something similar again in the future. Giving the prospect of future Greensboro, a pretty interesting topic to speculate on.

Greensboro has a cost of living ranked as 46/50th most expensive in NC, which means as far as NC is concerned it's one of the cheapest cities to live in.

Greensboro's most recent figure for GDP is at $37.4 Billion, in 2018 they were at $37.1 Billion, the Pandemic greatly and negatively impacted Greensboro for a couple years.

I of course have to mention appreciation in Greensboro, looks like the average annual appreciation rate is sitting around 2.79% since 2000.

To conclude Greensboro is considered "Mini-Charlotte" for a reason. I think if you invest in NC, you might as well look into Greensboro to see if it can match any of your strategies. Price points are agreeable, and the city is growing albeit slowly, but it's not something to glance over. Considering the large amount of close proximity cities like Burlington and High Point- these are feeder cities into Greensboro and help to drive Greensboro's economy. If you are familiar with my posts, then you know I am fond of anything on I-40 and that means Greensboro is no exception. NC has some interesting ideas they want to roll out related to commerce, and infrastructure in particular. I may make a separate post related to the State wide push to make NC a massive powerhouse on the east coast related to commerce. Greensboro will be right on that I-40 line, and one of the key places for goods to pass through. Greensboro gets the green light from me.

Talk at you again in 3 months Greensboro!

Cheers!

For more reading and sources:

https://www.realtor.com/reales...

https://www.redfin.com/city/71...

https://www.greensboro-nc.gov/...

https://www.greensboro-nc.gov/...

https://user-kcmpnye.cld.bz/20...

https://www.greensboro-nc.gov/...

10 Votes

Los Angeles County, California

Quote from @Oscar Linares:

Hey what’s up everyone,

My name is Oscar and I wanted to see how the real estate world is. Anyone got tips and tricks feel free to let me know thank you!

If you are investing in real estate, you are running a business. Treat it accordingly.

0 Votes

Quote from @Alondra Salas:

My name is Alondra, I am from Costa Rica, I am a 3D modeler and 3D renderer. I am happy to be here.
I would like to meet you, tell me about yourself

Welcome to the BP community!

I am a Real Estate Agent in NC, that works exclusively with investors to find them off-market deals. I deal a lot with SFH and MFH residential, sometimes commercial spaces, and the occasional piece of land. Touch a little bit of all of the fun stuff, very enjoyable career!

Cheers!

0 Votes

Quote from @Cody Cline:

Hi there, me and my wife currently own a small business and have 3 beautiful children in Redding ca. We are looking to start investing this year maybe early next with not a lot of money (20k) but we also have equity in our home. There are many investment loans and we are in need of help understanding which ones work in which situations . Iv been researching alot but I think we are in need of someone that’s been through this and does this stuff on the daily to help us understand the basics to investing smart and whether our area is a good place to even start or should we put our money elsewhere. I like that saying live where you want and invest where it makes sense I just wouldn’t know the first step to investing outside of my direct area. Sorry for the long post we have a lot of newbie questions thanks for reading.
Cline Family

Hey Cody, I am an agent that works exclusively with investors in the North Carolina markets. I work with many people who are out of state, and many from Cali. Would be happy to jump on a call with you anytime and give some insights into investing long distance if that is the route you are looking to take.

As you are aware Cali is very expensive, and it may be possible to stretch your money further in other markets throughout the country. If you are going to tackle that challenge, the most important thing you need is a team. The right team; a communicative team, a hard working, and honest one. Connecting with people in markets across the country that you may find interesting, or simply just asking people where they are looking if not in Cali may give you direction on where to start looking. Once you have identified areas of interest, or people who may know about an area that you need to speak with, it's just doing the legwork. Making the calls, vetting the agents, vetting the GCs, vetting the Inspectors, vetting the PM, vetting the Attorney, typically once you've made a really solid connection with one of these people, they will be able to connect you to the rest.

As the saying goes, "birds of a feather, flock together" - If you find a really great PM, or Agent, they likely take their referral process very serious as their name is attached (maybe not through legal liability), but just in the fact that they are mentioning someone they think may be worth the time. Reputation is everything in Real Estate, whether wholesaler, agent, or investor, or other professions related. So odds are you will likely get solid referrals once you find the first checkmark.

As you are building your team it's crucial that you build it while setting expectations. Tell every single entity you use how you are expecting the business to go. Some people use contractual obligations to achieve this, others build relationships and the workmanship becomes well organized and extremely effective. Just make sure you don't drop the ball on conveying to the appropriate parties how you want things handled, and compromising appropriately where needed.

That leads me to my final point about building a team, It's YOUR business, therefore it's YOUR team. Run your investing, just like you would run a business. Recruit your teams, fire them if needed, set expectations, do the work, make profit. Put your systems in place (and this is something that other investors/agents that work with investors, financial planners, Attorneys, CPAs can help you to do). Once you've got everything organized, a vetted team in place, it's a matter of finding the right deals at the right numbers.

Sounds easy and super complex at the same time. Keep asking questions to your peers, making connections, watching videos, reading books and you can be in a position confidently in a few months where you may be ready to the trigger. Try to avoid getting analysis paralysis though, it's easy to get into a mind set of "I still need to learn more before I am ready." While this may be true, the best time to invest was yesterday, so every day that is delayed in fear of not knowing is a day wasted. Don't rush into anything, but don't get cold feet when the time follow through presents itself.

Hope there was some value in there for you, and anyone else who finds themself in a similar position. If you want to connect and chat ever, let me know! Happy to help anyone I can, like mentioned earlier- I am an agent in NC, but with this community I love to connect even if my services won't be relevant.

Cheers!

1 Vote

Sacramento, California

Quote from @Shaleaha Flowers:

Hi All, My name is Shaleaha, I’ve been studying Real Estate since February of 2022, and enrolled to a paid mentorship. I’ve also read books such as Think and grow rich, The Millionaire Next Door & Rich dad poor dad which then inspired me to start my own business to gain financial freedom and build great relationships with other people. I am also new to this incredible resource Bigger Pockets Community. More importantly, I am looking to start networking with investors, investor friendly real estate agents and attend networking events to enhance my portfolio. My goal is to invest in fix and flips to build a rental portfolio and/or buy property to perform a complete renovation and put it back on the market within 6 months. I’ve learned while being mentored, in order to thrive successfully in my goals, it’s all about networking and solid connections. I’ve written out a Business Plan for 2023 to make sure I am staying focused and aligned with the core values of planning, finding deals, analyzing the deal, get funding and staying motivated. I would love for a seasoned investor/lender to review it and give thoughts and/or recommendations. Thank you for reading. I look forward to hearing from you.

Few months old, will be doing an update soon!
https://www.biggerpockets.com/...
Some market data research that I have done on Greensboro, may be worth a read, as most of the information in there is still reflecting accurate data. If you find any value in it I would love some feedback, and if you ever want to connect and chat let me know!

Best of luck,
Cheers!

3 Votes

Quote from @Karan Massand:

Anyone investing and focussing in Fayetteville area. I am considering to invest in this area and would like to get introduced to locals and also get a pulse on the market. Looking forward!

https://www.biggerpockets.com/... Here is market data research I have put out on Fayetteville. Hopefully this can give you a pulse on the market.
I am a local agent here in town, that works exclusively with investors. If you would ever like to connect and chat more about Fayetteville and what is going on in town, I am happy to chat whenever!

Cheers!

0 Votes

4 Month Update for Greenville NC: Previous post in Market Data Thread -https://www.biggerpockets.com/...

*This is the second post in Greenville NC Market Data Thread*

Greenville is a medium sized city positioned on the eastern side of NC, supporting a population of around 88,000 and employing about 44k people.

Greenville annual population growth rate is sitting around 0.34% which is solid, 1.02% growth since the 2020 Consensus has been recorded. Persons over 65 account for ~9.8% of the population. Median age of 26.6, 18 min average commute to work, and a bit over 5,200 veterans locally. Greenville is the 12th largest city in NC, and 426th largest in the US.

I will outline Greenville's 6 main development goals as per the 2023 draft plan. I will lay them out simply- Goal - Budget- Intended Result, this is currently the 5 year drafted plan window time with all these starting in 2023. (*Again, this is the current draft*).

1. Improving Housing Access and Quality - $3,000,000 - Construct 250 Rental Units/Households + Construct 10 Homeowner Households + Rehab 75 Current Homeowner Households

2. Provide Housing and Services for People Experiencing or At Risk of Homelessness - $1,433,107 - Construction of Homeless Person Shelter For Overnight Stays + Prevent 1,500 Individuals From Experiencing Homelessness

3. Improve Public Facilities and Infrastructure - $500,000 - Activities for Low/Mid Income Communities, To Impact 50 Households Positively (City Center Area and West Greenville)

4. Provide Public Services - $672,995 - Public Service Activities to Benefit Low/Mid Income Communities, To Impact 2,500 Households Positively (City-wide)

5. Support Economic Development - $500,000 - 10 Businesses Assisted

6. Planning and Administration - $1,176,972 - To address fair housing, their is no further explanation provided.

Greenville is clearly setting their eyes on meeting the demands of the local population, while continue to looking forward to supplying it's large rent base the space they need to continue growing in population. There is a clear intent to focus in on affordable housing in the Greenville and surrounding areas.

Greenville's largest employers in manufacturing are Thermo Fisher Scientific (1,954) and Hyster-Yale (1,226), the largest non-manufacturing employers are Vidant Medical Center (6,760), East Carolina University (5,672), and Pitt County Public Schools (3,699).

Greenville's premier school is East Carolina University which as of 2020 report 28,798 students with a 74.6% full time student rate.

Let's talk crime, then numbers. Greenville ranks as an 11/100 on the crime index (with 100 being the safest). Taking a look at their local police reports (Part 1 Crimes 5 yr report, through 2022), it would appear that Greenville has had a recent tick up in total crime, however is still operating underneath their 5 year average for crime stats, looks like that's a good sign, and when data for 2023 is made available I hope it continues on a downwards trend. The only thing that I see concerning is homicides are up 2x for 2022 so far, 5 year average is at a 4, and currently marking 8 on the report. Hope to see that trend a different direction.

The median home value is around $163,500, median sale price is down to ~$240,000. Median DOM is down to 53 with average homes getting list and pending in 12 days, and hot homes are getting an average of 3% over list and pending in 3 days. Homes are getting multiple offers again, and I'd consider it "Very" Competitive. Greenville was a bit of a sleeper for awhile, an it appears that it has lit up some radars. Lot's of action has been hitting Greenville extremely recently.

- Seeing faster turn arounds, whilst getting above ask, and still the median sales price is dropping, that screams investors.

About a 33.3% owner occupied ratio. SFH 51%, mfh 49%. Poverty rate is around 30%. A copious amount of renters, supplied with students regularly, and high poverty rate, gives investors opportunity in Greenville. Plenty of room to work with, there are some extremely nice parts of Greenville that give the options to more higher end deals, and a plethora of lower priced properties that have investment potential.

Greenville has a cost of living ranked as 50/50th most expensive in NC, which means as far as NC is concerned it's considered the cheapest city live in. Not too bad.

Greenville's most recent figure for GDP is at $10.8 Billion, in 2018 they were at $9.5 Billion, that's solid enough.

To conclude, in my last post I mentioned that it looked like Greenville really wasn't on anyone's radar, that appears to have changed. If you are looking to invest in North Carolina, and have not checked into Greenville as a market that could be potentially viable for you, I suggest that you do so. As it starts to light up on investors radars, those deals that were sitting and waiting for investors are going to start getting snatched up rather quickly, if they aren't already spoken for. The best time to invest was always yesterday. With traction coming to Greenville, I think that this may be a market that we see make a come back and begin to start seeing good action. Greenville has a decent population and a lot of renters, with the prices being what they are locally, it may be a great opportunity for the savvy investor.

Talk at you again in 3 months Greenville!

Cheers!

For more reading and sources:

https://www.forbes.com/advisor...