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Updated about 3 years ago on . Most recent reply

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John Hernandez
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How is the rental market potential around Research Triangle Park?

John Hernandez
Posted

I'm looking to purchase my first rental investment property and have been interested in the RTP area for some time. The housing market there has truly boomed over the past couple of years, and from my research and understanding, it's a good area for rentals since it's close to two cities, has stable and big employers, and has universities nearby.

Figured I'd ask for perspectives on this forum in case there's something I missed or don't know. How has your rental investment experience been in/around RTP and Raleigh?


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Tim McGarvey
  • Rental Property Investor
  • Napa, CA
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Tim McGarvey
  • Rental Property Investor
  • Napa, CA
Replied

@John Hernandez Welcome to RTP! It’s a fantastic market with a great group of investors, agents, property managers, etc active on the BP forums.

@Pat Lulewicz is spot on with his analysis above. Cash flowing immediately after purchase in Raleigh/Durham is tricky right now unless you have a creative value-add strategy (adding bedrooms, STRs, ADUs, etc). Otherwise, you’re likely relying on the appreciation wave we’ve been riding to make your numbers work.

There are still plenty of cash flowing deals to be had in surrounding cities like Burlington, Graham, then out to Greensboro, High Point, etc. I would check these areas 45-60 mins west of RTP if you're interested in more "traditional" investments with good COCR. I've done a few textbook BRRRR deals lately out this way - the numbers still work!

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