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Updated almost 5 years ago, 02/12/2020

User Stats

77
Posts
10
Votes
Brunno Goncalves
  • Rental Property Investor
  • Framingham, MA
10
Votes |
77
Posts

New Bern, NC and surrounding areas. Should I invest there?

Brunno Goncalves
  • Rental Property Investor
  • Framingham, MA
Posted

Possibly looking for a few quick flips to than use that money and apply in Rental Units.

User Stats

246
Posts
172
Votes
Patricia Taveras
Pro Member
  • New Bern, NC
172
Votes |
246
Posts
Patricia Taveras
Pro Member
  • New Bern, NC
Replied

People are flipping houses here. Demand for housing is high in New Bern since we lost so many houses in Hurricane Florence.  Houses in good areas are selling quickly right now, and real estate prices are rising here.  Flooded houses that have been renovated don't look like they are selling as quickly though.  And most of the contractors in the area are backed up with work, so finding someone to do the work quickly is a challenge.  I know that doesn't answer your question directly, but that's a snapshot of what's happening in the area. 

  • Patricia Taveras
  • User Stats

    8
    Posts
    4
    Votes
    Replied

    Yeah, we bought a bunch of hurricane damaged townhomes in New Bern and have had a real challenge finding contractors, so we actually had to bring people in from out of market.   If you're doing the work yourself then, yes, I think it would be a great area.   If you're looking to hire everything out I would go a little further inland.

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    User Stats

    20
    Posts
    2
    Votes
    Jimmy Booth
    • Rental Property Investor
    • Loganville, GA
    2
    Votes |
    20
    Posts
    Jimmy Booth
    • Rental Property Investor
    • Loganville, GA
    Replied
    Originally posted by @Brunno Goncalves:

    Possibly looking for a few quick flips to than use that money and apply in Rental Units.

     Are you still seeking a property in New Bern?