Anyone doing good investments in small multifamily in Raleigh?

[Daniel Hunt]

So I am a beginner investor in the education phase. I’m a junior in college and should graduate with a bachelors in Finance in about a year. Right now I am interning in a commercial multifamily appraisal office as a part time job throughout school and summers. My plan was to get my degree, relocate to Raleigh NC, and then get my appraisal license and become a commercial appraisal as my day job. My question is, if I’m wanting to invest in the Southeast, is Raleigh the right move? We are doing a bunch of big apartment appraisals (200-300 units) in this city and economically, it seems like one of the best cities right now on the East coast. Rising rents, population growth, income growth is all very strong. My assumption is if these big real estate development companies are investing there money in this city and all the research shows positive, this seems like a good location. I’d be wanting to get into a 1-4 unit and house hack for my first deal so obviously the math is not the same as large multifamily, but economically speaking, it seems like the right play for appreciation. Sorry for the long post.. just trying to get everything that’s on my mind out there!

[Adam Bosley]

@Daniel Hunt everyone and their cousin wants to househack on a small multi family starting out. Not saying it impossible, but you will be wise to look for other ways to get your foot in the door. I was in your same shoes just 4 years ago and would recommend finding a townhome/condo and house hacking with a roommate first. It won’t cash flow to the point where you can quit your job but natural/forced appreciation is a beautiful tool to building wealth.