All Forum Posts by: Thomas Bortnick

Hey Nicholas,

I think you are pretty good with what you are asking for rent. It is a good average of what I am seeing at the moment. It really depends on your needs when it comes to deciding which side to live in. You should also consider the cost of furnishing and maintaining an Airbnb. It will be much easier to maintain it while you live there, so it might not be a bad option. Average rents are expected to rise over the next year as they follow the rise of housing price, so it is never a bad option to just rent it out and raise the rents as market rents rise. It really depends on your long-term goals and whether or not you plan to manage the property yourself or hire a management team. 

I hope this helped!

Hi Elyse,

There are definitely some good opportunities in Durham, NC, they are just harder to come by. I would consider looking at single family properties that would work as rentals or Airbnb's. If you are willing to Airbnb, condos are another good option because the barrier to entry is typically much lower than with single or multi family houses. Finding a property in need of rehab is one of the best ways to build equity fast, and fix the property the way you want it to be done. I hope this helps!

Hi Neil,

You mentioned that you really like the area that you currently live in but have you considered moving? If so, the Raleigh/Durham, NC market is one of the hottest markets in the country right now with a lot of good opportunities to invest right now. If you are unwilling to move that far, building is definitely a good option if you are able to keep the cost low. I just worked with a client who built a duplex and kept the cost low buy doing as much as he could himself, and only building at a rental grade level (which is not low grade). This will help you keep your costs down while also getting a nice, newer place to live while you look for your next investment.

Hi Ramki,

My personal opinion is that Holly Springs is appreciating faster, but that is only a personal opinion because I have dealt with people who believe Fuquay-Varina is the better place to invest at the moment. My best piece of advice would be to look into both and really look at your numbers, contact a management company and get their rates in both areas. Cary, Wake Forest, Apex, and other places are really great places to invest at the moment in my opinion as well. Some have projected the growth to continue even though the overall market around the country will likely slow down a bit. Either way, I believe that the area you are looking has one of the highest upsides in the country right now.