re: Considering investing in a single family home in Raleigh (Apex), NC

quote:

---

I'll be happy as long as the rent covers the mortgage and property tax payments. It doesn't necessarily have to be a cash flow positive investment.

---

Assume some credit losses along the way and you’re looking at a negative cash flow property. You want it for appreciation, which I get. I’m not that far from that area and it certainly is a growing, promising area. But at what point would you be looking to capture your (potential) appreciation, while carrying it?

quote:

---

Will have to get a property manager tho as I live nowhere close to NC.

---

Although that’s a great area for real estate investing, no or negative cash flow, plus being an absentee and needing a PM would spell hard pass for me. 40 years in and I can’t predict success or failure with a RE investment, but that scenario has some bright red flags IMO.