looking for out of state investment in NC

[Ramki D.]

I am from bayarea and exploring out of state investment options.One of my friend moved to NC recently and he is recommending to invest in either in holly springs or Fuquay-Varina. properties in holly springs went up in last one year. i have seen some properties in FV which are below < 350k range and rents around 1500-1800$. if my goal is property appreciation, which one would be the better bet. or are there any other areas which has potential to grow down the line other than these 2 areas?

Thanks in advance

[Thomas Bortnick]

Hi Ramki,

My personal opinion is that Holly Springs is appreciating faster, but that is only a personal opinion because I have dealt with people who believe Fuquay-Varina is the better place to invest at the moment. My best piece of advice would be to look into both and really look at your numbers, contact a management company and get their rates in both areas. Cary, Wake Forest, Apex, and other places are really great places to invest at the moment in my opinion as well. Some have projected the growth to continue even though the overall market around the country will likely slow down a bit. Either way, I believe that the area you are looking has one of the highest upsides in the country right now.