Raleigh, NC or Austin, TX for Buy and Hold

[Ryan Fitzgerald]

Hi Guys,

I'm new to BP just wanted to ask what people think about the Raleigh, NC area vs. the Austin, TX area in terms of Real Estate Investing, with a Buy and Hold... Which area do you think is better today and why?

Thanks,

Ryan

[Jacob A.]

@Ryan Fitzgerald 

I'm going to have to echo @Johnny Aloha and @Michael Jobe here.  I am desperately trying to find another flip in Raleigh and nothing makes sense financially.  With that said, I feel the same way about the buy and hold properties.  Johnny's numbers are pretty spot on from what you can expect with a price to rent ratio.  Now there are some houses downtown and in Southeast Raleigh that you can get better numbers with but you probably don't want to step foot in those areas.  I've made several offers over the past few weeks only to be outbid big time.  Last week I offered on a house in South Raleigh/Garner and there were 30 or 40 other offers on the property.  It is scalding hot here right now and personally I think people are paying way too much in an effort to try and gain access to the market.  Don't be that guy.  Hope this helps and good luck to you!