Triad or Outside Charlotte for Investment? Opinions Wanted

[Barbara Harrison]

My husband and I have experience in SFH rental and fix/flip. We are moving to NC and visiting next week. The Triad, especially Greensboro looks good to us, but wondering if the Rt 16 construction from Newton to Charlotte is going to make that a viable area for investment. We have heard commuter time will go from over an hour to 35 minutes. If that is true, is it still too far? Would Belmont be a better option? Initially we liked around Lake Norman but think we are priced out of that area. We are near retirement and looking at strategies to support that. All insights are greatly appreciated. Also, names of realtors and/or investors in both areas would be wonderful. Thank you all so much for your time. If there is interest, I will be glad to post about the results of our trip.

[Jason Coleman]

Hey Barbara, 

The Triad has grown considerably over the years and still has plenty of population growth to support future development. My wife and I primarily invest here in the Triad as well as Wilmington NC. Rentals and flips. We currently rent out a room in our primary home on Airbnb as well (in Greensboro). Please let me know if you would like a tour of the area when you are in town. We can do a pre-visit call to go over exactly what you are looking for and areas that are in demand. My opinion on the outskirts of Charlotte is positive. I believe those areas will grow but you will be spending a considerable amount of money to invest in those areas. The Triad offers value and appreciation potential. The 1% rule is fairly easy to obtain here and we find decent flip deals off and on the MLS. I would recommend joining the Triad REIA as well. I have met a bunch of local investors, mentors, and friends in that group. I'm working on a BP meetup in our area as well. Good luck to you.