Looking to connect with RE professionals in Raleigh/Durham NC

[Felix Cheng]

Hi, I'm trying to invest my first property.

Given I'm priced out from my area (SF), I am looking to invest in Raleigh/Durham area.

I've done a bit of research and know the area is with lots of high-tech jobs as well as diverse and plentiful of employment growth.

However, like lots of boom-towns, it is getting hard to find something with cash flow. 

Could anyone be willing to give their 2 cents? 

Much appreciated

[Chad Gray]

Hey Felix,

Raleigh is a great area to live and invest in but you're right, cash flow is hard to come by. A house down the street from me sold for 450K to a Japanese hedge fund only to be rented out for 2K. Not the kind of return that I look for but I'm also not a hedge fund. Check out some of the tertiary markets like Garner, Knightdale, Zebulon, Wendell, Apex, Wake Forest, and Roolesville. It should be a little easier to find better cash flowing properties here that will still capitalize on appreciation, albeit probably not at the same rate as Raleigh. Mebane is also becoming a popular place to invest. Feel free to shoot me a message if you want.