Rental Property Investor · Nashville, TN · Member since 2016 · 179 posts · 42 votes
Hello All,
I am visiting Raleigh/Durham area at the end of this month to drive through the neighborhoods and look at the properties for buying at least one or two SFH under $250k in 1031 exchange. I am especially interested in Durham area. This is an investment property so I am looking for areas with potential upside and some decent cash flow of $300. Can you please let me know which neighborhoods to check out in Durham area?
Also, I am looking to connect with a investment friendly realtor in these areas. Someone who owns investment properties in these areas, quickly run the numbers , guide me through the neighborhoods. Please feel free to message and connect.
Investor · Durham NC (and Brenham, TX) · Member since 2018 · 301 posts · 197 votes
5y
@Chai Jonn, due to the hot seller's market it's going to be really difficult to find something that will cash flow in any neighborhood, especially with the additional restriction of the 1031 time window. You may wish to reach out to some wholesalers as well to increase your chances. There are lots of investor agents and wholesalers on here so hopefully they chime in, or you can try searching for them.