All Forum Posts by: William Meng

Tiffany and Pat, thanks for the responses!

Do you think that the area will continue to grow over the next few years? Perhaps some of these suburbs that are farther out might be good opportunities as the larger cities get more populated and expensive. What would you say is the typical rent for a 1500-2000 sq. ft. 3 bed/2bath home in some of the cities that I mentioned? 

Pat, thanks for those suggestions. We avoided Durham as we heard that it has higher crime but we honestly don't know the area very well. I will look into some of the places that you mentioned. Any other areas that should be avoided due to high crime etc.? I do know that the Raleigh area is very safe in general. 
 

Hi,

We have been looking to invest in a single family home around the Raleigh area in NC and would appreciate any advice from the fellow members of the BiggerPockets community. We like the area for a couple of reasons. The area has seen very strong population growth over the past few years as well as an influx of employers and businesses. The state overall has seen growth in its population as many migrate in from other states. Next, we love the state and its climate, and see it as a potential destination for a winter home when we have the time a few years down the line. For now, we would rent out the house and prefer to have a positive cash flow on it. 

We are specifically looking at homes in some of the suburbs such as Holly Springs, Apex, and Wake Forest. Our criteria is around 1500-2000 sq ft, a maximum age of 30 years old, and a budget of $450k. What do you guys think about the area and the cities I mentioned? Any other suggestions for areas that offer good value, are safe, and easy to find tenants? Any places that you would stay away from? 

Any advice is greatly appreciated!

Will