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Updated over 3 years ago,
Investing in Raleigh-Durhum area
Hi,
This is my first post so please bear with me :)
I am based in Bay area and want to acquire my first rental property. I was thinking about Raleigh Durhum area. Looking on Redfin, it doesn’t seem like I can get a cashflow property(its like minimum 250k+ with rents less than 1500). Maybe If I can break even.
My question is - 1. Is it a bad idea to buy and hold a property when i just break even because the rents might increase in couple of years.
2. If yes, what regions of Durhum/Raleigh to avoid? And which areas should i look into?
Thanks in advance