Hi everyone, still pretty new to the investing game. I currently have a home that i’m living in and now have an opportunity to buy my first investment property. The owner of the home is from a family friend, parents p...

Thanks in advance for any advice

You have an important tax decision to make, regarding a §1031 exchange, and you are seeking free advice on the internet.  

With a substantial down payment, targeting the suggested price range within Raleigh limits is not only possible but strategic, considering the city's job growth and vibrant community.However, as you've wisely pointed out, the expansion towards outlying areas like Selma/Smithfield and Benson brings both opportunities and challenges.

Thanks for the advice guys, deal evaporated like so many others.

Additionally, purchasing at a lower price due to high interest rates could also be a strategic move in the long run.

Thank you all for any advice you may have!

You can seek out a Realtor that is experienced in foreclosures if you already have a specific property in mind as you’ll likely need to move on it quickly if it’s already listed.I would advice to find someone local to help guide you.

The work on my end is simply learning and remembering his advice.  

I do stand by the advice not to panic and take your time to figure out the best course of action.