All Forum Posts by: Christopher Joseph

@Kenneth Jackson that's a really good counter point! I'm fairly new to the Raleigh area and I'm still trying to figure out where the big work hubs are. Something else worth considering that your point made me think about is the fact that proximity to the airport could be an attractive feature for people who work in those industries and may have to travel for work post-COVID.

This is great feedback @Chris Carrigan! As a RE agent, are you seeing any risks in the market right now? For example, the biggest thing in the back of my head is that once mortgage forbearance as a result of COVID ends, there could be a wave of foreclosures that could tank property values, at least for a short while. I'm trying to mitigate by finding a property where I can force some appreciation, but I'm sure there are other things that I'm missing.

Hey Everyone!

I'm looking to make a purchase decision within the next 2 months on my second property using the live-in flip strategy in the Raleigh area. Ultimately, I'm looking for a home I can invest ~$20k in renovations in a class B neighborhood (great schools, jobs, etc.) but also have some potential for a long-term appreciation bump from planning and improvements the city might be considering. I'm specifically targeting homes in the $230-270k region. Just using Zillow rentals to reverse engineer potential areas (i.e. SFH, at least 3/2, great school rating, at least $2,000 in rent) I'm showing Apex, Cary, Morrisville, Durham, and maybe some properties in the Wake Forest area as good candidate areas.

Does anyone have any thoughts on this? Is it maybe worth cheating out to Holly Springs or Fuquay-Varina as well? Any thoughts or pointers are appreciated!