Winston-Salem - need help from community

[Marla B.]

My oldest is heading to Winston-Salem for at least a 2 year stint working at Wake Forest and, as a good investor parent, naturally want to buy an investment property for her to live in while there.

I know nothing of the market there and need help in making this purchase.

Only known requirements at this time...

• Safety of course is dad's #1
• would like to make purchase by mid-late summer 2017.
• close or convenient to Wake Forest
• 2 bed at least / 2 bath (would likely have a rent paying tenant in the property as well)
• Easily rentable for when my child leaves in two years
• Not so concerned about equity appreciation

Any help is appreciated, what areas to look in, what kind of returns to expect (cap rates, ROI, etc), a good wholesaler/broker/realtor to help in the search...just the normal investor information we need to know.

Thanks in advance.

[Mark Kennedy]

Hey Marla, 

I live in the Winston Salem area and am an investor here.  I am currently looking at an all brick duplex that your oldest child could live in 1 side and rent out the other side.  It's in a very nice area 5 minutes from WFU.  I may purchase it, but if not want to know if you would be interested in the information.