All Forum Posts by: Shamit S.

Welcome Shamit! Were also new to the investment game here in VA interested in buy and hold rentals and the BRRRR method! We have a great Real Estate Agent we worked with on our first purchase if you decide to look in the Hampton Roads area! So glad to "meet" another VA member!

Hey @Shamit S. welcome to the BP forums and REI world!

I am located in Greenville, SC and would love to connect with you. I host a monthly meetup here via BP and a local investor Facebook group that I run.

I'm also an agent, most of my business is focused on working with investors. Let me know how I can help you get plugged in with the Upstate community! 

Shamit, in general, there's a drastic shortage of working class rental inventory in the Triad so that's in your favor as you assess opportunities, but more specifically I agree with Justin that High Point is probably the least appealing investment market there, depending on your investment criteria. I think the best opportunities are along the I-85 corridor and near the downtowns of Greensboro and Winston Salem. That's where I see investments and jobs going. Having said that, like anywhere, there are good neighborhoods and bad neighborhoods and neighborhoods that may be good in the future; I'm sure you know how to assess that. Keep in mind there's more price sensitivity than in the adjacent metros, a reflection of lower income levels.

@Shamit S. My partner and I are also going into Greensboro (the Triad area) to invest. We plan on purchasing 48 properties there over the next 2 years. We are looking to build a team including getting a rockstar assistant who is bilingual in English and Spanish. We’ve looked at a lot of other markets and we have zeroed in on this particular market because of the price points and demographics. 

Our plan is to sell our properties on lease options and follow the same model we did in Arizona. This should create about 1.5 million in equity over the 2 year period of time. We have been in negotiations today for 2 properties and are looking to get 2 more under contract before our assistant goes out there to help us build a team next week.

@Shamit S. you have definitely ID'd a great market for investing. I currently live between Greensboro and Winston-Salem, have lived in High Point and was born and raised in Winston (Winston-Salem). This area is often lumped together as the Piedmont Triad (or just Triad) but really is 3 separate markets with their own paths of progress, strengths and weaknesses. 

Each city is in a varying stage of revitalization in the downtown area, with HP being further behind. That said they are trying to utilize a similar approach that Winston did several years ago of building a downtown baseball stadium that can be used as a multi-purpose venue and planning on restaurants and bars to come in town to take advantage of increased traffic. 

All 3 cities are experiencing a restaurant/bar/shopping boom in the downtown areas and riding the craft beer/craft burger/foodie movement with Greensboro and Winston leading the way. They all have well respected colleges (Winston and Gboro have multiple), and well respected medical facilities. Winston has a research park that has grown rapidly, brought a great deal of jobs in tech/research, and with that, lots of housing etc. 

If you find specific areas of interest, especially Winston, feel free to message and I'll try and help. Also would be worth looking at the neighboring towns (Clemmons, Kernersville, Pfafftown, etc). 

Couple last tips: High Point University students almost exclusively live on campus. West End area in WS is growing along with around Innovation Quarter. All 3 cities can quickly go from areas of gentrification and path of progress to run down projects. Use google maps to help be your eyes.

Many on these forums

I’m looking in RDU and Greensboro areas. Banking on people wanting to be close to raleigh and Durham without having to live there

Also Apex, Cary, and Holly Springs