All Forum Posts by: Sanders Rohs

Hi @Jack Yen, I see Phillip has already posted here, but I highly recommend you reach out to him and Apple Realty. He has helped me as an agent and property manager for a few of my properties in Durham, I have been pleased with their communication and thoroughness. Good luck with your search!

Hi @Catie Sherry, My partner and I are looking for fix and flips in the greater Raleigh area. Sent you a PM. Thanks!

@Scott E. @Bryant Brislin Thank you both for your replies. It sounds like I shouldn't let the financing aspect keep me from working with wholesalers.

I am looking for my next property in the greater Raleigh area. I am looking for single family under 250k and finding the MLS to still be pretty limited. If I am purchasing with conventional financing, is working with a wholesaler an option? I know that the financing would increase the closing time frame and limit the level of distress of the house, but do financed purchases from a wholesaler ever happen? Thanks in advanced for any input! All of my deals thus far have been MLS deals so I am looking to expand to increase deal flow/opportunities.

@Tiffany Alexy and @Brian Kantor thank you both for you response. I don't think I'm ready to give up on self managing my first rental quite yet, but it does seem like investing out of market is something I will need to do in the future. Thanks for the advice, and Brian I will definitely give that book a read!

Hello BP community,

I have learned so much already just by reading other Forum posts and responses, but was looking for some advice about investing in a rental property in or around the Raleigh area. I'm looking to buy my first SFH as a long term rental in the coming months. Ideally I'd be near 150k or less, move in ready or a small cosmetic flip if it means getting a better deal, with cash flow being my main goal.

I have lived in North Raleigh for 17 years now and I would love to invest here. But from what I've seen, in my price range in Raleigh I would likely only get a condo or townhome, many having large HOA's that eat into the cash flow.

Would it be smarter to expand out into the surrounding areas like Durham, Chapel Hill (neither much cheaper than Raleigh), Wake Forest, Cary, Apex, Garner, Clayton, etc? Or should I just try to find a condo/townhouse with a reasonable HOA in Raleigh that still cash flows? I would like to self manage at first so I don't want to go too far, but I know if I go even further out than these areas listed, prices drop even more.

I would love to hear your thoughts and advice, thanks!