All Forum Posts by: Account Closed

PWC ranks Raleigh-Durham #2 nationwide for single-family real estate investments. Check it out: http://www.pwc.com/us/en/asset-management/real-estate/emerging-trends-in-real-estate.html

PWC ranks Raleigh-Durham #7 nationwide for real estate development. Check it out: http://www.pwc.com/us/en/asset-management/real-estate/emerging-trends-in-real-estate.html

@Kim 

@Kim Knaust Raleigh/Durham/Chapel Hill/Cary/Morrisville are really good for rental properties. In fact this market is ranked #2 nationwide for rental home investments. Flipping can be a challenge right now. It's definitely a seller's market. If you're looking at commercial properties, you can realistically expect a 6% cap, though many of the listings/offerings state 7%- these often reflect inflated income projections and understated expenses. If you're looking to purchase based on appreciation speculation, venture a little further out, such as Pittsboro. Best of Luck!

Jonathan

@reaz 

@Reaz H. I am active in the Raleigh market with experience with RHA. Good luck with rental increases. With RHA, you'll not only need RHA's approval, but you'll need the tenant's signature on the form before providing it for consideration to RHA. Also, you must submit this request 90 days prior to the lease end/renewal date. If you don't, then you'll have to wait a year. My advise? Get away from section 8 and get a market tenant in your rental. You'll never get what the rental is worth with RHA, and it comes with a lot of extra headache and liability that you don't want.

Best Regards,

Jonathan

Hi Nick, 

I am a commercial broker and property manager in this market, and I know this market intimately. 

This market is also hot, but you'll likely get more for your money here with Better metrics such as cash flow, irr, and coc. Speculation is also on a positive trajectory, but for how long, who knows? Certain pockets continue to climb and others are slowing down, but this market historically is more stable than many others in the U.S. 

If you have time for a quick chat, I can share some additional info you would probably find extremely valuable before proceeding that could influence your investment strategy. 

Best Regards

Jonathan

@Colton S. Mebane hands down. It feeds off the Durham/Chapel Hill market and is slowing growing. In my opinion, Burlington would be a 2nd choice.

Raleigh also has major league hockey, soccer, roller derby, minor league baseball, and college basketball galore. The Triangke is March Madness for NC. Durham has the most awards for restaurants in the state with many nationally recognized. 

Charlotte could be an easier transition in terms of population and infrastructure, but not necessarily in terms of personal interest, and culture. 

Both are great choices depending on what you're looking for. 

As a career choice, I think Raleigh is better, because of the consistent growth constantly offering added opportunity. Charlotte is more established in this sense, so I think Raleigh's trajectory is closing the gap with respect to Charlotte, although a slow one. We are expecting light rail also, between Durham, Chaoel Hill, and Raleigh.

I think the reason people are moving here is, because while the costs of living are climbing, they are still lower in relation to other larger cities, but offer a more sustainable career path by transitioning here during this window of time to establish yourself before the economic boom in this area slows down.

@Adonte Lipsconb

Read the longer BP post from Steven Songleton regarding investments in Raleigh at https://www.biggerpockets.com/forums/55/topics/369...

In my honest opinion, Cary, North, West, and Northwest Raleigh, Cary, Morrisville, Southwest Durham, and Chapel Hill are the nicest areas of the Raleigh-Durham Metro to live in, but that also means you'll pay premium pricing. If you want to buy for appreciation speculation, but inside the beltline, East Raleigh, South Raleigh, Southeast Raleigh, Pittsboro, and Garner, although parts of Garner are really nice and a great suburb to Raleigh as well, so in some cases you'll pay a premium.

I've lived in Charlotte, Virginia Beach and other parts of Virginia, Chicago, and the coast of NC, and I can tell you that Raleigh has the most sound and balanced economy than any of those places. Right now, this isn't a great market for flipping, but it's great for but and hold. If you're interested in flipping, I recommend parts of Ohio that are hot for that right now and the Atlanta area.

Good choice in picking Raleigh! There's a lot to offer here!

Jonathan   

@Nicole Lorenzetti don't bother with getting your license if you solely plan to invest in buy and hold and you don't plan to self manage.  If you start flipping, it would be worth the effort though, because  most agents are not investor friendly for flip deals due to the volume of work with very little reward. Most flippers offer many lowball offers and drawing up those offers takes time with the expectation of a lot of rejections. As a flipper, you'll also save on commissions. However, for buy and hold deals, use a licensed broker/realtor and a local management firm and don't bother with the license. I recommend investing closer into to Raleigh from Fuquay Varina though. Look into Raleigh, Cary, Apex, Holly Sprongs (wake county), Morrisville, Chapel Hill, Durham, Clayton, and Garner. Pittsboro is really good if you're in it for the appreciation speculation. That's going to be the next boom in this area.

most of the population in Garner works in Raleigh/Durham/RTP. I have rentals ok Garner and would recommend the area for income producing rental homes.