All Forum Posts by: Chris Carrigan

Check with Burt Lawson at Liberty Mutual. 

Hi Suzanne,

Contact Burt Lawson and let him know I sent you.  Burt is a great guy and I have found his rates to be the best.  I have them for my personal home and getting ready to use them for a rental.

BURT.LAWSON at libertymutual dot com 

Thanks

Chris

Franklin County is where the next big move is coming to in my opinion.   It's already happened in Youngsville, and Franklinton is next.

Not really, people have more equity these days than they did in 2008 so there won't be as many foreclosures.  Mortgage rates are starting to tick up on the fear of inflation, but there is so much pent up demand right now that buying will continue and prices will keep going up.  Of course everything is cyclical so eventually we will see a downturn, but the Triangle market has historically weathered the downturns better than most.

Outside of Wake County is where the opportunity is now

You would be fine in Fuquay or Holly Springs assuming you can get a property at a decent price point.  Inventory is so low in Wake County right now that most homes are getting multiple offers and bidding the price up above market value.  This is also driving people to look further out which should help with appreciation in those communities that are further away from Raleigh. 

There is a triple triplex available in Wake Forest right now.  Asking price is $529k which is below tax value.  Listing comments below.

"Wonderful opportunity. 3 Triplex units with total of seven 3 bedroom 1 bath units and two 2 bedroom 1 bath units. Wake Forest Area with good access to shopping and highways. Units are occupied and are in need of TLC. SOLD AS IS. Great investment opportunity with possibility of increasing cap rate to 9%"  Rents are $575 per unit

Hi Addie,  Private message me your price range and I'll answer your questions for you.  

Suzanne, we certainly are getting a large influx from the NY and NJ.  If you are sending any buyers down this way, let me know.  I'd be glad to give you a referral fee. 

I know you are asking about rents, but with the current market the real money comes when you sell the rental after having someone else pay your mortgage.  These numbers are for 2019.  I'm sure 2020 numbers will be higher when they come out.  TARR will be starting to provide rental research in 2021 - so there will be good rental data in the future.