Investing in Asheville, NC

[Nikki Grizzle]

We are thinking of making a trip or two out to Asheville and get to know the area a little bit more. Is anyone investing in that area. So far I have heard mixed reviews. We are looking mainly for tenant occupied homes or homes that may need minor rehab like pain, flooring, new doors etc to make rent ready. What are your thoughts on the area? 

[Allison Ezzi]

I am a rehabber in Asheville. Its a tough market if you don't know your neighborhoods, as they vary drastically! Rent prices are high and there is not enough housing in general to support the growing population. New builds are through the roof right now ( pun intended:)) This creates a lot of competition. 

There are some areas that are turning and would make for good rentals as the house values are not as high as others, but still close to downtown and therefore high rents. Also because the market is climbing, look slightly outside city limits as the more affordable housing will continue to get pushed further out.

I am in/viewing properties constantly! You really have to in order to get familiar and as @Chris Harjes stated...."its a little nuts out there lately" Its spring/summer fever and everyone wants a piece of Asheville. 

Im always open to talk more details if interested, send me a message!