Fayetteville, NC Market Research

[Jen Menchaca]

I'm currently researching markets for out of state investing. I have heard good things about Fayetteville for BRRRR's, Cashflow, and STR. I'm just starting out and looking for cashflow, but would someday like to transition to STR while still gaining appreciation. Are there certain neighborhoods that are better than others? Looking for any knowledge from those in the area. Thanks!

[Adrien Hebert]

Jen,

As Hannah has pointed out and as you have learned from the podcasts, Fayetteville is a great market for cash flow! I have worked with other BPers here previously and have found success in the lower to mid price points for "starter homes". Manufactured homes are also very successful in this market. Unfortunately, the popularity of small multi families has blown up in the past few years making those deals hard to come by. The main thing to be concerned with in Fayetteville is making sure you have someone boots on the ground who knows the area as it can go from good to bad relatively quickly. Good luck!

Adrien