Funny little commercial building that had been a sewing shop back when there was a textile business in that part of Georgia.

It was a textile based area, when everything went overseas or technology based it got left behind.

The Triad was particularly reliant on textile and manufacturing jobs and the overseas exodus of those jobs was sudden and severe.

I want to be a full time real estate investor.I currently work in an entirely unrelated field of textiles.

In my firsthand opinion, RMt's better days are in the past:Used to be a center of tobacco industry in eastern NC - the 'Golden East' (even the mall is named Golden East Crossing)Used to be a thriving hub for textiles (literally days after NAFTA was signed, the textile plants closed)Used to have headquarters for Hardee's (it's where Hardee's began)Used to be a banking center of Eastern NC - People's Bank merged with Planters Bank to be Centura Bank; RBC bought Centura to make RBC Centura (that's where I worked, before and after RBC)... that didn't last, as PNC bought it out; I think they maintain a presence there, but a much smaller oneThat said, the real estate market is on the cheap side, and if you have a tenant in hand looking for a place there, then maybe... but also check out other things like the crime rate per capita, medium income, etc...

For many years, the primary industry in the City was textiles.

Thanks John :)Lowell still has lot of "bread and butter homes" around downtown, mostly multifamily homes but I see lot of new projects going on downtown, they are turning those old textile factories into luxury lofts and building multi-storey parking decks and few office buildings.

Hi all,Looking for opinions on this MHP in NY, please.Here’s a snapshot:Pros:-10 cap- Value add (77% occupancy, potential to sub meter and bill back water)-90% TOH-Decent metro: 100k population, $96k median house price, $1k for 3 bedroom rent -On site Mgr-Solid recent rent collections -The numbers work - good cash flowCons:-Rent control (3% yoy max increase)-Covid hot spot -NY not landlord friendly -18% vacancy in town (May be seasonal)-Septic - uncertain of age or condition The top employer in town, a glass and textile manufacturer, may also be tanking; They’ve laid off about 800 people YTD, which is about 8% of the town’s workforce.

This one is a 65,000 sf old textile and hosiery warehouse in downtown Burlington, NC!

Standard textile