Wilmington NC Area market conditions
Interested in finding out more about the Wilmington North Carolina area also including Southport, Hampstead, and Holly Ridge. Looking for a possible buy and hold rental unit.
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As am I! We have started taking trips down to the coast to check out a few properties. It is such a dynamic area with many factors. I recommend visiting the area in the fall. The weather is amazing and you can make a fun time out of your research trip.
Many investors have scooped up the low hanging fruit but as with any market the right marketing and leverage can produce leads. Also consider the colleges in the area and perhaps the submarkets within those. Similar places a mile a part can have a drastic variance in price. With the end in mind consider the type of tenants you want and work back form there.
I come from a family of builders and Southport is very historically rich for my family so more than likely i'll be biased towards this area and have avoided considering property there so far. Our family has built many homes down in that area to include the Southport marina itself.