North Carolina MSAs premise check, Real-World Guidance Request

[Peter Antipatis]

Hi all,

I live and invest in NJ, but frustration with the landscape for further investment here has been motivating me to unfold the map and look elsewhere.  Particularly, taxes eating up on average 3-4 months of income every year is getting harder and harder to swallow.  

Like a lot of folks on here I'm sure, I've stretched the search to surrounding states, then to the Midwest, Northwest, Southwest, Southeast, back to NJ and then back around again.  I've read through countless posts and podcasts about dozens of markets and strategies and the information is invaluable.  (BP is awesome).  

I place more weight on the desire for cash flow, but as I believe its more of a spectrum than an either/or, I'm trying to identify markets where there is at least a greater likelihood for appreciation as well.  Long story short, I'm drawn to a few of the MSAs in North Carolina for a number of reasons: population growth, job growth, climate, taxes, lower acquisition costs, and I'm a Jersey boy so I like the East Coast.  I think this area is going to be attracting people and jobs for the next several decades.  

So...Raleigh/Durham, Greensboro/Winston-Salem etc. I'm starting to dig in to these areas. I guess I'm just asking for a premise-check from people who are active there. Doing some preliminary scoping online for example...the following is straight off the MLS…

2010 Todd St Greensboro NC

3 beds / 1 bath asking price 65,000

Taxes 785

Seems like it could bring in 700 / month

Those familiar with this market...is this a horrible area, do homes rent out easily, is this somewhat typical? Is this a decent price point? Again, this is about 5 minutes searching the MLS, just trying to get ideas / feedback...

[Greg Fitch]

Hi Dana, I've been poking around Greensboro too, and curious about your comment about areas on the upswing. You mentioned just south of Gate City Blvd and I was wondering are you talking more about the downtown area to I-40, or elsewhere?