All Forum Posts by: Ava Miller

I recommend checking out Alcove if you're interested in long-term tenants. We help relocated young professionals to the area (average age is 32) and they use our platform to find roommates and private rooms in SFH all across the Triangle area.

DM me if you want more info

Rather than all the hassle of managing a STR in the area (plus all the regulatory issues), try using Alcove's coliving platform for long-term leasing.

Hi David, welcome to investing in the Triangle! Would love to connect with you.

Hi there,

I'm thinking of expanding beyond my area and finding great locations near Charlotte, NC to invest. Mainly single family or STR, 3/2 homes that are not in HOAs. Seems like there are quite a few suburbs that would work like north of Charlotte near the university. Curious to hear where people believe growth will occur within next 3-5 years.

Best,

Ava

In my opinion, Durham should be the better investment. It is a little less developed than Raleigh (has more land to put homes on), has what seems to be older homes and less "nice" areas that are up-and-coming. Additionally, it is closer to RTP which allows access to all these new tech companies coming to the area.

I'll send you a DM!

Holly Springs is growing rapidly like all of the Triangle. In terms of cashflow, in the short term expect to break even as things settle down and rents slowly rise. As the I-540 beltline project progresses, Holly Springs will become a more attractive rental locale as driving to RTP will become a quicker commute.

I'll send you a DM as well!

Hey Chow,

I can't verify the builders restricting investors. But speaking from my perspective with Alcove (co-living platform), we have lots of investors buying new builds and leasing them through us.

These builds are all over - RTP, south Durham, west Cary, and Morrisville - and have been able to generate those sort of rental comps you're seeking for their properties.

I'll DM you with more info and would be happy to send you rental estimates before you purchase a new build in the area!

Like all of us, I'm looking at investment properties around the Triangle (mainly SFHs that meet .70% rule, mainly for equity). I'm starting to expand my search because of how "hot" the market is.

When does everyone think this market will cool down in terms of being a seller's market? Or is this out of the question for the next, say, 5 years?

Happy to hear any and all opinions.