North Carolina - Rental Investment

[Harpreet Walia]

I am from New Jersey and this is where I bought my first primary residential place. In the process of buying my first property, I have learned that property taxes play a major role in how I want to buy my next investment. 

Keeping the high property taxes in mind, I am now looking for out of state rentals. 

How is North Carolina related to long term rental investment? I am leaning more towards NC area, Raleigh/Cary area, because of IT jobs related field. I am still reading and trying to understanding the market here. 

Any idea what and where I should look out for rental investment? 

[Matt Moger]

@Harpreet Walia

My wife & I have been investing in Winston-Salem, NC for 5 years & there is no shortage of properties or deals. I am a little biased, however we do find our way onto almost every list of top places to invest in real estate :) I will say, to @Dawn Brenengen's point, that the Triangle is a phenomenal place to invest as well.

The Triad, the Triangle & the Charlotte Metro areas are booming. Young professionals in the banking, research & medical fields are moving here in large numbers. 

Because of this, we like the homes that are less than 20 years old in the median price range of $130,000-$150,000. It attracts residents from the hospitals & young families starting out who tend to be a bit more stable & are more likely to be respectful tenants.