Hello BP Community,
I have been talking with my wife about getting into the multi-family properties investments. We are working with another couple to partner, and we are doing the due diligence, to learn more about some markets.
We are looking to learn more about Raleigh, NC. And I am hoping to start creating a network of people that we can do business in the short and midterm.
We are hoping the community can help us to understand better the area of Raleigh (not sure if that will expand to the RTP region) as far as the specific neighborhoods. I would be interested in knowing which areas fall into the following categories:
Established Class A neighborhoods/areas: These are areas that typically everyone would want to live in and invest. They usually have the best school districts, low crime rate, and affluent residents.
Up and coming neighborhoods/areas: These are neighborhoods that for some reason or another are gentrifying and you see a positive change in the neighborhood, maybe its new cool restaurants coming in, or the city put in a new park, or perhaps the metro line extension is now going to help drive growth. These I would classify as neighborhoods that investing now may seem very smart in 3-5 years.
D type of neighborhoods: Here on BP you see people referring these as War Zones. These typically have transient populations, high crime rate, returns generally are the highest in the city and although the returns are good, the property you buy today for $50k will be worth $50k in 20 years. These are areas we are typically not interested in and would maybe consider doing a quick flip or wholesale.
Above all, we want to learn more about what is mostly happening in the real estate investment community and how we may be of service to you. If there is any way that you think we can work together to progress your RE Investment, please keep us in mind.
Thank you for your time,
Emilio
