Forestville NC VS Garner NC

[Vaidehi Sapre]

Hi, we are new to investing in the NC area. I have seen in forums that prices are increasing here but we still see potential as tech companies are moving there. 

We are looking at the suburbs to have some better ROI. So can you tell me which is better are for rental investment of Forestville vs Garner. Both are close to Raleigh.

Also if there are other recommendations pls let us know.

Thanks

Regards

Vai

[Sammy DeStefano]

@Vaidehi Sapre

Garner, NC is your way to go between those two options. The reason this my opinion is the 540 Hwy project that was approved by the state. 

For those new to Raleigh, NC - there are two main highways that create a tight circle around the city of Raleigh.... the first is referred to as the 'inner beltline or the 440 Hwy' and the large ring that goes around the city is referred to as the 'outer beltline or the 540 Hwy'. However the 540 Hwy is incomplete at the moment. It looks like an upside down nose ring with the 'Southern Raleigh' area of Garner, Clayton and Fuquay Varina not complete. The project was recently approved and is racing towards completion with an estimated completion of 2026. I am extremely bullish towards this area.

If you were to reverse search real estate transactions from years past, you will see that everywhere the 540 Hwy is built, equity is injected into properties within weeks/months afterwards due to the increase of population, foot traffic and commercial business entry. Cary, Durham, Wake Forest - every town near the highway since they began.