Intro for a newbie Investor

[Terrell D.]

Hellooooo BP Community,

Just wanted to take a second to introduce myself before heading in to help some patients lol. I've been immersed in learning about as much content as I can over the past couple years, and having finished school (finally) I am ready to take action. I'm making the move from cold Boston to warmer NC and am I'm looking forward to making connections and being of help in whatever way I can!

Stay driven everyone 😊

[Steven Griffith]

Hi @Terrell D.

Welcome to BP! I'm also in Chapel Hill, and it's a great area. In regards to your strategy, you'll likely find more BRRRR opportunities in Durham than you will in Chapel Hill. If you've perused these forums much, then you'll see that the Triangle is probably one of the top 5-10 destinations for Out of State Investors, combined with the local investors, all of which makes the market HOT. But then again, it seems like everyone thinks their market is hot, so maybe it's just the times.

Multi-Family in the whole triangle region is tough - they just don't stay on the market long unless they are way overpriced or there is some significant damage to them and the property owner wants too much for them.  Personally, I've seen more MFH in Durham and North Raleigh than anywhere else, although I have seen a couple in Chapel Hill over the past 2-3 months.

There is a BP meetup that happens once a month and is usually posted on here. Unfortunately it was last week, so you just missed it, but it's a great chance to network if you're comfortable with in person meetings. Another opportunity for you is TREIA (Triangle Real Estate Investors Association). There is a paid membership I think, but I have the free one and it suits my needs perfectly. They send out a nice wholesale list at least once (sometimes more) a day of properties both within the triangle and within ~1 hour drive. Lots of wholesalers appear to contribute to that list, so that may be an opportunity for you! Just do your own due diligence, as some properties are located in towns you've never heard of, or sometimes the reno cost and ARV they list are....questionable. Again, welcome to BP!