Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago,

User Stats

47
Posts
17
Votes
Veronica Ivy
  • Rental Property Investor
  • Charlotte, NC
17
Votes |
47
Posts

BRRRR in Small Town USA

Veronica Ivy
  • Rental Property Investor
  • Charlotte, NC
Posted

I'm still looking for my first deal. I live in a relatively expensive city, so I'm looking at places 1-3hrs away. I'm currently looking at a few properties in Fairmont, NC.

I'd seriously appreciate help on whether this is a good idea. 

I don't have a problem finding 1.5-2% properties. My issue is: will they rent, period? And what vacancy can I expect? 

Finding properties that should cashflow *if* rented doesn't seem to be the issue. I'm just wondering if renting out a 4br/2.5ba for $1000 is realistic in a small town of 2500 people (but who are 15min from Lumberton, NC w/ 20k pop, and an hour from Florence SC and Fayetteville NC).

Fairmont data seems 16% vacancy rate *overall* (which includes unsold properties on the market).

There's no Rentometer data, it seems. Craigslist has a few for rent in the 1-1.5% range. 

Thanks, y'all!

Loading replies...