All Forum Posts by: Account Closed

Raleigh is already a very exciting market (houses on market average of two days before they are swiped up), I see flips on every corner and the buy and hold long term rental strategy is equally as stable due people moving here every day, the various universities in the area, and diverse job market. In addition to that Raleigh just announced millions of dollars in funding to expand the 300 miles of Greenway already in place, helping to make Raleigh a larger commuter city. For any other other Raleigh locals you can take the Greenway survey here: https://raleighnc.gov/greenways2020

Multifamily housing opportunities have mostly passed in Raleigh, there are many well designed units in established neighborhoods such as Historic Oakwood, Boylan Heights, and other pocket neighborhoods. If you prefer the multi-family strategy and are set on investing in Raleigh, you would either have to buy a lot or tear down and build a new multifamily unit. 

Durham is Raleigh's up and coming cousin about 20 minutes away and close to Duke University. There are a lot of multifamily opportunities over there, and half of my friends have moved to Durham in the past year because of the lower initial cost for real estate. 

Hope this helps! I am a pro in the lay of the land in Raleigh, down to the "good" vs "bad" streets, so feel free to connect with me!

There is a developer building a small subdivision of SFH's starting in the 400K price range - this is right past N Raleigh Boulevard near the corner of Brighton and Millbank, along with so many new builds that have even started to cross the 500K mark. I think in 5-10 years this neighborhood will not have affordable housing any longer (with the exception of government assisted living on N Raleigh blvd).

Hi BP community,

What are your thoughts on appraising a home thats currently under construction (as a net new build) and then refinancing once the home is complete? Is this possible..has anyone done this before? If so, what was the result? 

Thanks!

@Account Closed Raleigh is so great! The people, growth, proximity to ocean and mountains...so much to do and so much opportunity. I have lived here for 10+ years now and have seen it absolutely explode in front of my eyes, no we are also seeing expansion in the smaller cities around Raleigh like Durham, Carrboro, etc. 

Feel free to message me as well! I have lived in the Raleigh area for over 11 and luckily no matter where you buy there will be appreciation because there is so much demand to move to the “Triangle”. Some neighborhoods are appreciating much faster than others, especially if you are near a greenway.