General Discusson About Fayetteville, NC

[Paul Schu]

Hello BPers. I wanted to start a new topic for Fayetteville, NC. I was hoping to make some connections with some other investors who were interested in, or familiar with Fayetteville, NC. I am looking for my next deal and one of the areas I was considering looking into was the North Point area. This is generally the area which is bordered to the north by 295, the east by Ramsey St, to the west by 210, and BUS 401 to the south. 210 and Ramsey sort of form a “V” shape to the south and Country Club Dr. cuts through the middle (W to E).

I have recently found several homes in this area which meet my criteria but they move quickly and I have not been able to get one of them as of yet. Have any of you looked into this area? What are your thoughts? Experiences?

Do any of you have any other areas you are interested in, or actively buying in?

Finally if there is anything else Fayetteville related you guys would like to add to this please feel free.

[Paul Schu]

@Kenneth Stump I dont think that is an issue. Homes are always for rent in Fayetteville. I think the large dispora of military people will always provide a large population of renters. Many people coming into Ft. Bragg do not want to buy in that area since they will probably be moving on in a couple years time. To some the hassle of home ownership is not something they want to deal with. The Basic Allowance for Housing (BAH) which is basically a stipend the military pays to service members to cover the cost of housing generally covers the rent and often times utilities and military folks are willing to use that to cover rent. 

There are other people in the area who also just can not afford to buy for various reasons and have the choice of living in a mobile home or renting a reasonable SFR in the area.

Bottom line I would not be concerned about the amount of rentals, just have a solid property at a competitive price and I think you will be OK.