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All Forum Posts by: Leo Croes

Leo Croes has started 0 posts and replied 14 times.

Post: Strategy for first rental property in Raleigh

Leo CroesPosted
  • Contractor
  • Raleigh, NC
  • Posts 15
  • Votes 6

Cash flow is tough in the triangle right now. The outskirts like Garner, Fuquay, Clayton and Angier seem to be a little better. I’d suggest starting there or heading down into the Sandhills a little bit. Housing prices are much cheaper and you’ll always have renters with Fort Bragg being close by. Aberdeen and Southern Pines are two of my favorites that I usually hit for quick flips that I sell pretty much always to investors. 

Post: When will the Raleigh-Durham market cool down?

Leo CroesPosted
  • Contractor
  • Raleigh, NC
  • Posts 15
  • Votes 6

My thoughts are even if there’s a recession. The fact that RTP keeps bringing in jobs and companies want the talent coming out of UNC, Duke and NCSU will keep the market hot for a long time. Plus the worse hit the high tax/high income areas are by poor central economic planning the more people from those area will continue to see the triangle as a refuge. I fully expect at least another decade of growth before any cooling occurs 

Post: Rental property in Holly Springs, NC

Leo CroesPosted
  • Contractor
  • Raleigh, NC
  • Posts 15
  • Votes 6

Holly Springs is quickly growing and an excellent place to invest in my opinion. There’s a bypass (540) that connect holly springs directly to RTP. There’s a ton of development going on in southern wake county and it should continue to appreciate for foreseeable future. 

Post: Rental Rehab in Knightdale

Leo CroesPosted
  • Contractor
  • Raleigh, NC
  • Posts 15
  • Votes 6

Looks great! Knightdale is definitely an emerging area. Wouldn’t surprise me if you could get close to $180k for it post renovation in this market. Prices in Wake County seem to be going up daily. So it’s a great place to invest