All Forum Posts by: Lincoln Hancock

Thank you all for your replies. I did gain a lot of insight. Basically 

1) the city's economy revolves around Ft Bragg and the military, attache, and civilians working there. 

2) There are good opportunities for rental income, provided you recruit a good RE agent who knows the city's neighborhoods well enough to steer you in the right direction 

3) Don't count on RE appreciation, if anything older properties tend to depreciate. But then again, commercial properties (i.e. performing assets such as apartments and MF >4 doors) are not appraised like SFs

Did I miss something?

Again, I really appreciate your taking time out of your busy day to respond here. Merry Christmas and Happy Holidays to you all

Hi @Justin Tahilramani

Thank you for your reply. I've bought and sold SF and MF in Phoenix AZ. I've researched apartment complexes here too, but to be brutally honest, I was afraid of scaling up and the $$$$ involved. The reason I might contemplate them in Fayetteville NC is the relatively lower entry barrier as far as funding is concerned. Heck, even commercial properties are not off of my radar. Imposter syndrome? Maybe, but I've found that I learn best by jumping in, making mistakes, and learning as I go. So far I've been lucky none of these mistakes was fatal, metaphorically speaking.

What rubs me the wrong way about the place are 1) Low minimum wage 2) high employment rate 3) slow and lower than national average RE appreciation rate 4) low rents and high tenant turn over rate 5) 15% overall vacancy rate 6) It is my wife's idea. LOL, JK.  That's considering the whole city. Specific neighborhoods, naturally, varies. What I like are 1) Potential: up and coming neighborhoods/city development 2) Weather 3) Scenery 4) low cost of living 5) It's my wife's idea (for real this time)

It seems that you live there, as well as, @Greg Seawell (thank you so much for your reply and willingness to help), I'd really appreciate if you could give me a realistic sense of how true/false my fears are. Of course, I understand that these are your personal opinions/perceptions and that any investment decision or lack thereof is ultimately mine.

Hi there,

I've been researching investing in some apartment complexes and/or multifamily (single-family homes too, in fact) in Fayetteville, NC. The presence of Fort Bragg there, as well as the affordability of RE in general, is tempting. However, something does not rub the right way. Maybe because I'm based in AZ, and contemplating a move out there? IDK. Anyway, I'd love any and all input on RE market and future outlook of this NC city. Thanks in advance.