A newbie from CA looking to invest in NC

[Kim Snyder]

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.

[Johnny Hoang]

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.