New Member in Raleigh, NC

[Nicholas Meeker]

Hello! I am looking to get into REI here in my town of Raleigh and I'm in the information gathering and planning phase. I do own a townhome as my primary residence, and I'm planning to have sufficient funds to get my first rental in early 2017. I've read several real estate and business books, I'm listening to a few of the BP pockets per day and checking in of the BP forums regularly. I am looking to create long-term wealth through buy and hold rentals although I am not opposed to other strategies as opportunities present themselves. Raleigh is a very competitive market right now, so I definitely have a lot of questions on how to enter such a hot market.

For those that are local, I would love to here what kind of deals you are looking at in today's market (cap rates, cash flow, IRR etc.) and what areas you invest in.

Anyway, I'd love to hear all your stories and hopefully meet some of you at upcoming events.

[Neil Schoepp]

Welcome aboard @Nicholas Meeker. Your off to a great start reading the forums and some books. One of my favorite is Frank Gallinelli's what every real estate investor needs to know about cash flow. 

I especially like the real world in the ditches advice from the podcast. Nothing like it. That reminds me, Dawn Brenengen did a podcast. Podcast 101. She is from your neck of the woods and may be able to offer some local knowledge. 

Hope to see ya around.

Neil