Investing in Sneads Ferry, NC?

[Shirley Wen]

Any investors/real estate experts out there in Sneads Ferry, NC? Just wondering what your thoughts on how the market is in 2020 & 2021. Worth buy & hold? What are some things to watch out for? A lot of the datat's I've seen are prior to 2018, and much has changed the recent years. Any information I'd appreciate it.

Thank you

[Aubrey Maldonado]

@Shirley Wen I live in Sneads Ferry and prices are continually rising on single-family homes because of low inventory and high demand. There's major migration to the area for various reasons, which means a ton of competition for any house that pops on the market under the $350k mark (maybe even $400). Not sure what your goals/criteria area..If you're looking on-market for buy&hold long-term rentals, it's not a great outlook for cashflow. Even off-market is difficult because sellers are very awaye there's high demand and low inventory. It's becoming that way in Jacksonville, Holly Ridge, Hampstead, Wilmington, Swansboro, New bern...LOL This whole area is growing rapidly. If appreciation is your plan, then it's a good place to be. 

Short-term rentals are very popular and can be a good strategy for getting cash flow because we're close to the beach. We also get lots of visitors of family members stationed at the military bases. 

Hope this helps!