All Forum Posts by: Samuel Huang

Thanks Poem! @Chris Martin good advice. 

I'm a physician who is fairly new to investing in real estate in the Raleigh Durham area.  Like many in my profession, investing and finance were not specifically addressed in my career path.  
Does anyone have experience with this location? 
Specifically, looking to buy a property for the purpose of using it as an Airbnb?

I'm also trying to figure out what would work "time" wise since my wife and I are both have careers in health care and we have small children. Does anyone use a company to manage these properties? May not make sense financially.  

Thanks!

Investment Info:

Single-family residence buy & hold investment in Durham.

Purchase price: $459,000
Cash invested: $459,000

2 Bedroom and 2 1/2 bathrooms in downtown next to Central Park. Located in the Brannan.

What made you interested in investing in this type of deal?

Downtown Durham has been experiencing remarkable growth with an integration of Duke University becoming a large stakeholder in the properties there. Another Duke Clinical Research building was being developed across the street. Options for upscale long term rental seemed limited.

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Cash