Changes in the market - Raleigh and the Triangle

[Katherine Sommer]

Looking to connect with other investors, contractors, lenders & anyone interested in investing in the Triangle and surrounding areas. I am an agent focusing on off-market investment properties for fix & flips, rentals, Airbnb & development. With all the growth happening & major companies such as Apple & Google coming to the area, there has been a lot of changes in the market. What have been some of the adjustments you have had to make and how has it changed your investment strategies? Would love to connect and hear more about what you do & what you are looking to accomplish.

[Chris London]

@Katherine Sommer While I think on the national level (CA, NY, NJ, WA, OR, CT, NoVa) there are going to be some speed bumps in the road kicked off by a few global crises' (Great Britain's fuel shortage, China/Evergrande, inflation, end of forbearance). I think, currently anyway, that investors are shifting/protecting their wealth by buying in better-insulated cities like Raleigh/Durham, Charlotte, Greensboro, Austin, Dallas, Columbus, Indy, and anywhere else where there is job growth, population growth, property values are undervalued/affordable and they can find either cash flow or appreciation.

So, to answer your question, I think the strategy is to continue to buy in these markets when the numbers make sense and not sit on the sidelines waiting. Personally, I'll be looking for deals between Thanksgiving and Christmas when people are moving because they have to and not because they want to and there are fewer potential buyers to compete with.