Fresh Meat from Cary, NC

[Ryan Daigle]

Happy Weekend, BPers!

I'm just now joining BP after months of reading, podcasting, and lurking. Real estate is something that I've always found appealing, but have never found "investable" until I started digging into the art of rental and long-term cash flow investing. Now I'm pretty excited by the possibilities – but am also aware of the struggle to get over the hump and go from a theoretical investor to an actual one.

I'm planning on going to the monthly real estate deal meetup in RTP soon, but am also interested in speaking directly with other early investors. It seems like having a group of peers is one of the best ways to get the confidence necessary to make that first deal. So if that's interesting to you, or you already have something like that going, I'd love to hear from you!

Specifically I'd love to know if any of you local to the Raleigh/Durham/Cary/Apex area are finding success in buy and hold rental properties. It seems the real estate appreciation in the area has taken that off the table for all but the best of deals?

Hope to hear from you!

[Tiffany Alexy]

Hey @Ryan Daigle- welcome to BP!

You can still find properties suitable as rentals in the Triangle area, it just depends on your numbers and your creativity, ha... I have 4 rentals, 3 of them are here in Raleigh.  This year I bought a commercial space in Cary a couple months ago that I renovated, plus rehabbed one of my existing rentals and a duplex I bought just outside of Greenville.  The plan next year is to start acquiring more in the Triangle and beyond (other areas of NC).  I would definitely recommend starting in your local market, but once you get more comfortable with investing and building a team, you can always take those skills to different markets.

We try to make it to most of the monthly BP meetups but sometimes have a conflict.  Regardless, happy to grab a coffee anytime to chat more about investing in the area!