Do Deals In Raleigh Durham actually exist?

Question

Hello everyone,

I just recently moved to Raleigh, NC and have been doing research to begin my REI business in this area. I have just begin to dabble in online forums where deals are posted and it seems that deals in Raleigh and Durham city limits are not advertised often on any forums. I have seen a good amount in the outskirt areas such as Fayetville, Clayton, Knightdale, Rocky Mount, Burlington, etc. But very few in Raleigh, Cary, Durham. I am reaching out to see if this is because they are impossible to find and don't exist, or if they are just such a hot commodity that they do not need to be advertised on sights such as BP, My house deals, facebook subgroups, etc. Any feedback would be helpful in clarifying this, and if anyone does consistently do business in the city limits please reach out so I can dive in further.

Adam Schneider · Answer

@Ryan Groff This question reminds me of my favorite Yogi Berra quote. When asked about a popular restaurant in New York, he famously said, "Nobody goes there anymore--it's too crowded."

Justin Tahilramani · Answer

I would be looking hard at the secondary markets......

Ryan Groff · Answer

Over priced as in margins are too thin for flippers, cash flow not making since for rentals, or how is it over priced? I came from Dallas where prices are at historic highs and many deals from wholesalers were at 80-85% of ARV including repairs, which was insane to me, so trying to compare that market to here when it comes to flippers.

Brant Ruben · Answer

Real Estate Agent here but new to BP. I have lived in Raleigh/Cary since 2007.  Our market is over priced right now and you need to go into surrounding cities for deals.  Don't get me wrong, you can still find the right property in Raleigh, but its much, much more competitive.