What's happening in the Triangle?

[Katherine Sommer]

Anyone hear or see what is happening in the Raleigh/Durham and surrounding areas? Companies are flooding the area and creating jobs and an increased need for housing. Apple, Google & Meta are just a few to name. If you are already investing in the area, has this changed your strategy? And if you are just starting to invest in the area or looking to get started, how does this impact what you will do to get started?

[Katherine Serrell]

Hi Katherine! I have three properties in Raleigh (2 short-term, 1 long-term) and this has definitely changed my strategy. I felt I was getting outpriced so I started buying out of state in Jacksonville, FL last year. However, now I have decided to revert back to RTP and focus on short-term rentals and mid-term rentals. My units in Raleigh are performing WAY better than expected so now I am in the process of trying to put ADU's on existing properties and buy 1-3 more homes in Raleigh, Garner, or Durham this year with big enough lots to potentially put an ADU on them.