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Updated almost 4 years ago on . Most recent reply

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Kevin Morrison
  • Investor
  • Sanford, NC
3
Votes |
10
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Multifamily in Fayetteville for new Investor

Kevin Morrison
  • Investor
  • Sanford, NC
Posted

I have a single family rental and looking to get into a multifamily. It is affordable and meets the 1% rule with room for renovations to improve value and I can do much of the work myself. I just don't know the area very well as I am in the Raleigh market. I understand things dont appreciate nearly as well (or at all??) in Fayetteville. Its on the east side of Fayetteville not far off 401. Anyone have experience with multifamily in Fayetteville that could lend their knowledge/experience? 

Thank ya'll! Appreciate the community on here.

Most Popular Reply

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Alexander Felice
  • Guy with Great Hair
  • Austin, TX
4,475
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Alexander Felice
  • Guy with Great Hair
  • Austin, TX
Replied

I have two multifamily properties in Fayetteville, a 24 unit and a 52 unit. 

smaller multis (2-4) ar ok in town, but they didn't make them for very long and don't make new ones so inventory of them is low and the volume discount isn't very high so you don't get too much inherent benefit from the asset class. 

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