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Updated about 4 years ago,
Insight on Durham, North Carolina Market
Hi everyone,
I'm a new investor in Raleigh NC but looking to get more familiar with the Durham market. I'm looking to BRRRR a single family or small multi family property that is cash flows positive every month. After looking at the Raleigh market I was having trouble finding anything that will reach the 1% criteria so I decided to look into Durham.
Can any local investors answer some of the following questions?
- 1. What neighborhoods are up and coming? (Ie price to rent isn't too high yet)
- 2. What neighborhoods are good to avoid due to things like crime? (Looking for a B-C type neighborhoods to invest in)
- 3. Are there opportunities to purchase small multi family or is most of the current inventory single family homes?
- 4. Would you consider Durham more of a cash flow or an appreciation market?
Thanks in advance!