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Updated over 9 years ago,
New (soon-to-be) Investor in Raleigh, NC
Hello BP Community,
Longtime triangle area resident here who is planning on purchasing his first property very soon. I am plan to purchase either a single-family or multi-unit home (although multi-units seem to be scarce in Raleigh). I will owner occupy this house for about a year, until I've saved enough to purchase another property, at which time I will turn the original into a cash flowing rental unit. My budget is ~ 100K for a single-family and ~ 160K for a multi-family (assuming I can expect to have tenants in place in the additional units to cover the mortgage).
Basically, I have been reading up on investing in real estate as a form of passive income, and I have become hooked to the idea! If anyone has any useful tips specifically for investing in Raleigh and surrounding areas, please shoot them at me! Specifically, I am interested in getting opinions on agents who may be best suited to work with someone in my position.
Thanks in Advance!
- Keith