North Carolina rental investment RTP area or Charlotte

[Kiran Yella]

Hi All,

We are considering a rental property as new as possible either in Research Triangle park proximity or Charlotte. The goal is to be able to hold it for atleast 10 years and see what happens. So rentability is a factor for investment as well has potential to build good equity. The idea is eventually the rental income to supplement retirement. Thinking a townhome with atleast 2 bed and no more than 3 bed with 2- 2.5 bath.

So, with these factors is RTP area work? What areas near RTP would be best. I am not NC resident , I guess that complicates some things. I understand Charlotte is Finance industry area and looks quite expensive. Any advice on what area to choose ?

1. In and around RTP

2. In and around Charlotte

Always have the feeling of being late in the game....