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North Carolina Real Estate Q&A Discussion Forum
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Updated over 4 years ago on . Most recent reply

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14
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6
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Tim Cassels
  • Newport, RI
6
Votes |
14
Posts

Durham County NC BRRR from DC

Tim Cassels
  • Newport, RI
Posted

Hey all, I'm living in a crazy expensive market (DC) but was looking to begin investing using a BRRR structure. I was thinking since DC's market is heavy on appreciation and not CF/renovations, that Durham county NC would be a good play for this (in addition to having family in the area).

Wanted to see if anyone has been able to BRRR with a property 5+ hours away?

Most Popular Reply

User Stats

16
Posts
19
Votes
Ryan Wosick
  • Real Estate Agent
  • Raleigh, NC
19
Votes |
16
Posts
Ryan Wosick
  • Real Estate Agent
  • Raleigh, NC
Replied

Hi @Tim Cassels it is really rare right now to find a BRRRR that works in Durham. As @Christopher Anderson mentioned supply is really tight here right now and this does not help the rent:price ratio. There are some other surrounding areas that work well for BRRRRs (i.e. Fayetteville), but Durham is more for flips right now

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