Rental property in Holly Springs, NC

[Anks Desai]

Hi - I am a new investor in RTP area and I am looking into Holly Springs, NC for a potential investment property. My goal is to invest in turnkey property (around 300K price range) that will provide good appreciation in future, even when I am either breakeven or slightly negative for first few years.

Is Holly Springs a good area to invest in when looking at long term appreciation? I am mostly basing my investment on more tech jobs coming in to Raleigh in future, but I am not sure if people will stay in Holly Springs (given it is far off from RTP). How is the growth of overall town? I am also seeing lot of development (townhomes and SFH) coming in future in that area, so will that impact the rental market? Let me know your thoughts.

[Scott Ashworth]

@Anks Desai if you follow the path of growth in the Triangle over the last 5-10 years, Apex, Holly Springs and Fuquay are growing like crazy. 

Like @Patricia Taveras stated earlier, you may be trading appreciation for cash flow. Unless you know what you are doing, that isn’t advisable from the onset. 

One possible strategy that could help you cash flow from the beginning is short term rentals or corporate rentals. I, myself have not employed this strategy, but I have some investor friends who have been very successful with this strategy — to the point they quit their W-2 job 

good luck!