Exploring Greensboro - CAP rates, neighborhoods, days on market

[Chris May]

Hey Folks - I'm located in Durham and have done some investing here, but the market has gotten too frenzied. Not finding many good deals.

I've noticed that property in Greensboro is much cheaper but the rents seem to be decent. Curious what kind of experience I should expect and what you all have learned. What are the CAP rates? Is it an active market? In other words, if I buy a property or two, will it be easy to sell if I decide to get out? What is the average days on market?

I'm seeing a lot of sub $100k properties around the university. Are these good areas to invest? Seems like there would be a strong rental market around there, but I'm skeptical of the prices. In Durham, that price point means low rents and less reliable tenants.

[Jason Coleman]

The bulk of my portfolio is 70-90k rentals around the university. There are problem tenants occasionally but the cashflow is great. The market is moving rapidly here with still plenty of upside. Durham and Raleigh are smoking hot too but the price point is significantly higher. I enjoy the 150k+ rentals as well with good appreciation potential. However, I don't know what's going to happen with this crazy market so I've focused on good cashflowing properties the last couple of years. Send me a DM so I can send you the hotsheets/info for Greensboro.