FAYETTEVILLE, NC - SFR

[Mario Arellano]

Just wondering if SFR home prices are too high at this point to cash flow in Fayetteville. I have been looking at SFR and the prices appear to be increasing weekly. We have placed multiple offers on potential deals, but have been turned down. How are other investors in this area doing? What trends are you seeing?

Thanks

[Matthew Kresky]

As everyone will probably say, you just have to find the right deal. I have been searching all over the MLS and I have to say I agree with you on there. However, I have had a few off market properties sent my way and I am finding with a mid-level rehab budget that they will meet the 1% rule and in this market I will take a base hit. Side note, I am also from San Diego investing in Fayetteville if you want to reach out and talk further.