Price vs Rent in North Carolina and Where do we buy??!!!

[Chris Billington]

My wife and I live in Colorado. We invest in rentals in Denver,Colorado and KC,MO currently. We're interested in learning about the North Carolina (Durham, Charlotte, Raleigh) market. Right now we can buy in Kansas City,Missouri and get fairly close to the 1% rule spending 85 - 135K in a single family. Anything similar out there? We are just learning at this point and trying to narrow down an area with visit coming this summer. Be great to get some local insight on what you're seeing price wise to help us narrow our search.  Thank you.

Chris and Erin

[Pat Lulewicz]

Look into the Triad, otherwise known as the triangle that connects Winston-Salem, Greensboro and High Point. Its a light version of Durham/Raleigh/Chapel Hill, however the 1% rule exists there. These get snapped up pretty quickly so I'd take a look at recently sold properties up $100k, compare against rentometer.com to get an idea of where you get close or hit the 1% rule, and check for new listings regularly in those areas that you've designated. Greensboro, more than the other 2, is growly significantly and is a wonderful place to invest.