Defining a Deal in Raleigh, NC

[Justin Hackney]

Hey BP, 

I know that we talk about the 70% rule a lot when defining a "deal". However, every market is a bit different. 

I'm curious to see what experienced investors in the Raleigh / Research Triangle think about this. 

Inventory is low here in Raleigh and demand is high. From my understanding, we have seen appreciation in the last year in the double digits (350K+market). 

With that said, is this a time when buying at 80-85% ARV an opportunity?

I'd love to hear what you guys are thinking to compare notes with. 

*** I would also like to hear what Buy and Hold investors are thinking ***

Thanks everyone,