Robersonville North Carolina area thoughts?

[Paul Fagot]

I don't think this is really a place that investors in the area or around would be interested but I know if the numbers make sense and if I can get it dirt cheap than any things possible but any thoughts about that area? I'm thinking about trying to wholesale out of state.

[Alex Fleck]

Hi Paul,

I'm a proud eastern NC native, but must admit that eastern NC is a very different animal from the major NC markets like Charlotte, Triad, and the Triangle. Appreciation is almost nonexistent and the rental market is subpar at best. My parents bought in Wilson NC in 1997 and today their house is still worth what they paid 19 years ago. They own 2 rental properties and rent at market values, and have periods of vacancy between nearly every tenant switch. 

Job growth in rural areas will likely remain pretty stagnant over the foreseeable future. Greenville NC and Wilmington NC, both small cities with decent job markets, would be your best bets. Dirt cheap properties in rural areas could cash flow pretty well if you can keep them rented but don't expect any appreciation. 

Sorry to be a negative nancy, let me know if you have any other questions!