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Updated over 5 years ago on . Most recent reply

A newbie from CA looking to invest in NC
Hi would love to hear about investing in rentals in NC. Good areas vs bad. Prop under $150. Are there any teams out there willing to work with an out of state investor. I'm from Ca. Thank you.
Most Popular Reply

East Greensboro has the most cash sales so it's a great area to flip. From what I’ve read, Jamestown is becoming a place where people are flipping a lot because of good school districts. Buy and hold rental properties I’m looking into are in any of the college areas surrounding UNCG or Greensboro College, University if A&T. Route of student rentals in Greensboro has been the place for me as there are 7 colleges and universities in the city. South Chapman are good for short term rental as it is a short walk to the Greensboro Coliseum. I believe Greensboro to be tremendously undervalued. Greensboro has been coming up slowly; college areas, Moses cone hospital to name a few. At this price point, I think the floor is around 30-40K in most areas and there’s sustainability there. And if it follows the same growth as Raleigh, Charlotte, Durham, Asheville (surrounding areas of Greensboro), I think in the next 5 years most of these gentrified areas of Greensboro will yield a nice return. And at that point from cash flow saved and loan pay down, you should have a strong equity position in each unit and that’s when the fun part begins.
Don’t have a crystal ball of course but this is my opinion.