What are you investing in in Western North Carolina/Asheville in 2023?

[Abigail Gibson]

I am curious how everyone feels about investing in Western North Carolina in 2023. I am looking to pick up two mid-term rentals this year to support my real estate business by having a place for clients moving to the area to land while they are home searching. I purchased a duplex in 2021 (cash flows per the 1% rule) and a primary home in 2022 (and turned by previous personal residence into a rental that also cash flows per the 1% rule) and would like to add two more this year. What else is everyone looking to pursue this year?

[Stephanie Walker]

I'm a fellow Realtor, investor and MTR property manager in the Charlotte market. I currently own 3 midterm rentals myself and they do fantastic here. While managing for others in different areas of Charlotte, I've learned which areas perform better or worse than others. We plan to purchase a new primary, converting our current residence to MTR and two more MTR properties in this area by end of year!