Contractor · Wake Forest, NC · Member since 2019 · 138 posts · 132 votes
5y
North Carolina is a fantastic area to invest in with the right team and knowledge. I moved here in 2013 when the army stationed me at fort Bragg, NC. The local city Fayetteville is a great rental market, even for flips right now being next to the largest military base in the US. After getting out of the army I started investing in this local market and seen it grow. I also help investors as well being im a licensed General contractor, so that helped me with getting my costs down low.
Raleigh is my new market im focusing on since I just bought a home in Wake Forest. Sadly its alot more expensive there to invest compared to Fayetteville.
I recommend Raleigh or Fayetteville if you plan to invest in NC. Because the job growth or stability of the base.
Contractor · Wake Forest, NC · Member since 2019 · 138 posts · 132 votes
5y
North Carolina is a fantastic area to invest in with the right team and knowledge. I moved here in 2013 when the army stationed me at fort Bragg, NC. The local city Fayetteville is a great rental market, even for flips right now being next to the largest military base in the US. After getting out of the army I started investing in this local market and seen it grow. I also help investors as well being im a licensed General contractor, so that helped me with getting my costs down low.
Raleigh is my new market im focusing on since I just bought a home in Wake Forest. Sadly its alot more expensive there to invest compared to Fayetteville.
I recommend Raleigh or Fayetteville if you plan to invest in NC. Because the job growth or stability of the base.
Investor · Cary, NC · Member since 2017 · 78 posts · 89 votes
5y
@Manikandaprabhu Arumugam that's great you are moving to NC. It's a great state. Which area are you moving to? I'm here in Cary.
What are your goals for an investment property? If it's cashflow, it's difficult to find properties in the Raleigh area. I have a few properties in Greenville, NC and those have done very well for the past 5-6 years.
Real Estate Agent · Fayetteville, NC · Member since 2020 · 108 posts · 108 votes
5y
@Manikandaprabhu Arumugam, North Carolina, is a great place to live and invest. What area are you moving to? Like the others have said the Raleigh area and Research Triangle are great places, but finding deals can be a challenge. Charlotte, Asheville, and the Winston-Salem area all have their merits as well. I am an agent in the Fayetteville/Fort Bragg area, and @Patrick Knapp is right; there is a solid rental market because of the base. As @Vinay Kolluru said, what are your goals - those will play a major deciding factor in where to invest your time and money.
Investor · Charlotte, NC · Member since 2020 · 124 posts · 189 votes
5y
@Manikandaprabhu Arumugam depends on the strategy, honestly. However, I’m seeing the best returns in the Charlotte submarkets. Such as Statesville, Concord, Kannapolis and Gastonia where the prices haven’t quite caught up with the growth due to the Charlotte overflow!
Rental Property Investor · Napa, CA · Member since 2016 · 68 posts · 57 votes
5y
The Durham market is on fire right now which is making it very difficult to find anything on-market where the numbers pencil out. Many investors/flippers here are banking on appreciation and catching the wave of skyrocketing prices. But there is still a lot of upside if you can find the right property/price, in my opinion.
That being said, I’m still active in Durham but also shifting focus to some tertiary areas like Burlington, Mebane, Graham, etc where solid cash flowing properties are still available.
@Samara Huntley - Thanks for the information. I’m moving to Charlotte, what are the best areas in Charlotte for good cash flow ?
Good cashflow in Charlotte is hardly existent with the prices being so inflated and the rents not keeping up. Only way to get good cashflow within the city limits would be to do a STR.
For a standard LTR though, I would suggest all of the submarkets of Charlotte such as Concord, Kannapolis, Gastonia, Statesville Etc. It really comes down to your criteria strategy though!
@Joseph Brown I know someone who has been investing in the Hickory market for decades and has done well. Hickory also stands to benefit from Charlotte's growth.