Investing in multifamily in NC

[Cynthia Gonzalez]

Hello, I am an out-of-state investor looking to invest in NC. Looking for a multifamily LTR in a good area in NC. Would love to connect with any other investors, agents, or property managers in this area. I am still researching to see what the best area in NC would be for me. Any advice is appreciated. !

[Pat Rineman]

Hi @Cynthia Gonzalez I am an agent in Charlotte and would be happy to connect and see if there is anything I can do to help with your search. 

[Michelle Bateman]

I have a great connection for you in Salem, NC! This is a killer city that is untapped with low barrier to entry! Reach out if you want to discuss, I can get you connected with a great local investor friendly agent!

[Cynthia Gonzalez]

Quote from @Michelle Bateman:

I have a great connection for you in Salem, NC! This is a killer city that is untapped with low barrier to entry! Reach out if you want to discuss, I can get you connected with a great local investor friendly agent!

 Hi Michelle, I would love to connect 

[Bryce Jamison]

It would depend on what class of property / tenant you're targeting and how much you have to invest. If you want the best class A+ LTRs in the state I'd recommend the upscale neighborhoods of Charlotte (Southpark, Myers Park, Dilworth etc.), or RTP / Raleigh. If you want more B / C class properties take your pick. Any of the second tier large cities like Greensboro, Winston Salem, Asheville, Wilmington, and the surrounding areas will have plenty of options. I have personally invested in these types of properties in Alamance county.

If you're open to STRs there's properties up and down the coast as well as lots of mountain vacation properties out West in places like Asheville, Boone, Hendersonville, Cherokee. They may cost more upfront, and require more work, but you'll see higher returns long term. These are the types of properties I'm now targeting.

I'd imagine the biggest challenge you'll run into is finding multi unit properties. They tend to be what most people target. How many people have the idea of buying a duplex to live in one side and rent out the other?

[Blake Novotney]

If you're considering Wilmington, I'd be more than happy to help! I'm a full-time agent/investor here and have lots of experience on both ends. Obviously being at the beach is great for STR, just depends on your strategy! Feel free to shoot me a message and we can see if I have anything that might be a good fit.

[Aleka DeGraaf]

Quote from @Cynthia Gonzalez:

Hello, I am an out-of-state investor looking to invest in NC. Looking for a multifamily LTR in a good area in NC. Would love to connect with any other investors, agents, or property managers in this area. I am still researching to see what the best area in NC would be for me. Any advice is appreciated. !

 I am a MTR and LTR property manager in the Triad, I cover Eden, to Mebane to Asheboro to Statesville. I would love to connect and chat about helping you with your property management needs!