All Forum Posts by: Daniel Sellers

I'm in downtown Raleigh, so ahead and give me a PM.

I'll be there as always

I live/work in downtown Raleigh. And if you are going to be close enough to walk, like I am, you're looking at 400k, rents won't support that. Path of Progress to me is SW and South. But really, anything within 15 minutes of downtown can be a good location. Inside the beltline, east Raleigh is also gentrifying fast. And north Raleigh along Capital, Millbrook; and East in Nightdale are all viable at the right price. Rents cap out around 1500. so 200k purchase is about as high a break even you can get. 

@Dawn Brenengen is a great realtor/investor in the area who I recommend. 

If you are down on a fact finding mission, or just after you move, PM me and we can do coffee. There is also an excellent Meetup every month (in NW Raleigh) 

House hacking those 4/4 down Avant Ferry Rd has always been attractive to me. These is a bottleneck getting financing as an outside investor because banks won't give you conforming loans for an investment property in complexes with high (50%) investor owned units. HOWEVER, as an owner occupier you can still get that good financing. If you are willing to move once a year, you can build a nice portfolio.

I'm in Raleigh, PM me if you want to get coffee. 

We also really like the Graham area. And to add to my friend Mitch's point, Graham is located west of Raleigh, but so is the major job center (RTP), and the City of Durham. So it's more attractive than first glance. I've seen several large garden style apartments go up along I-40 in the Burlington Graham area. 

Yes, the Raleigh Durham Meet up is happening in person. Second Wednesday of each month is typical. There is also a South Wake county meetup. Add keywords Raleigh, Wake or Triangle and you'll see them pop.

I am going tonight, but first time post-covid. We previously didn't have a presentation or speaker, just a meet up, so there is nothing to steam. The description doesn't have anything listed.

I'll take the other side of the argument most are giving here.

When I first got out of college and moved to a new town and rented, it was the start of a recession. So the first three years I lived there I had the same rent. Then as the market picked up the landlord started raising rents 5% a year. After two years I started looking for my own place.

I think it's a good thing to establish into the tenants mind that rents go up every year. Even if it's just $5, it helps not get blind sided by future raises. Of course I agree with others, you can't increase just to increase if the market doesn't support it. 

I feel like a lot of landlords get behind in raising rent and then don't have the cash flow to properly maintain and upgrade the unit. Eventually they have no choice by to sell it to people who have the cash to flip or brrrr it. 

 

I have the Asheville assignment for work and use to drive out there monthly before all this...

I think south asheville - north hendersound around the county line and airport is a solid direction. He aware traffic is going to be horrible as they work on upgrading the interstate, then it'll be gravey.

West asheville has also been blowing up.

Set up keyword searches for Raleigh, Wake, Triangle, and a few more, and you should see the notifications.

I would say the main meetup is the second Wednesday of every month. It was just posted, for  08/12/20 06:00PM at the Pickled Onion in Raleigh off of Glenwood

There is also an Women's Investor meeting the Third Monday. Same location.

There are some other Monday meetups. A Southern Wake meetup, and a Multifamily meetup that was alternative between Raleigh and Durham. Watch for those in September

and Welcome