Rental Property in Raleigh, NC

[Surendra Chawla]

Hello,

I am living in Singapore and I want to buy a rental property in Raleigh, NC. I don't have any particular fascination for Raleigh, so i want to ask two questions from the experienced pros here.

1. Is Raleigh a good choice from a cash on cash return perspective? I am looking at a positive cash flow property, but i am not sure what are the good areas in Raleigh. Logically speaking, i am sure areas around RTP will fetch good rentals but it would be great if someone who is familiar with the market can throw more light on the other good zip codes there which are not very expensive and fetch good rentals. I am looking at starting small in the range of USD 150-175K.

2. I am also looking for recommendations for a good, honest real estate agent cum property manager as i am in Singapore and won't be returning to the US in the near term.

Cheers,

Suren.