Is North Carolina a good state for rentals
Hi I'm looking to invest in NC and I would love to hear your advice on if it's a good market for rentals. and the areas that may be good cash flow for a purchase under 150k. Thanks in advance. Any recommendations would be great!
Most Popular Reply
Hey Kim,
I have a duplex in SC. The duplex is in a small low income town. Honestly, it's a cashcow, it stays occupied, requires very little maintenance and the tenants always pay on time. I'd suggest you try to find a multifamily in a similar market but in NC. I know there are a lot of "booming" towns were renting has gotten ridiculously expensive. Maybe look at surrounding towns, 1 hr commute, the people who cannot afford to live in the "booming" markets will still work there and rent were you invest.
Hope that makes sense!
Good luck !