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Investment Properties in Durham : Real Estate Advice

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  • Local Info59
  • Home Buying130
  • Home Selling21
  • Market Conditions17

Activity 5
Fri Sep 2, 2016
MG asked:
Just wondering if I would get enough rent to justify the cost of such a unit. Looking to make a steady stream of income to live off of.
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Fri Sep 2, 2016
MG asked:
I'm looking at the possibility of investing in a couple rental properties that will provide me a steady and good income with future return on investment. Need someone that has extensive…
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Thu Feb 20, 2014
Deborah Miller answered:
I am not sure that anyone would keep that data or have access to all that would go into the data. I know I have place a number of people in rentals in Grove Park itself and in some of the neighborhoods near Grove Park, some were with property mangers, some individuals. I am not sure what it is that you are looking to do with this information. If your goal is to determine if this area will be good for purchase to rent or a home that has not sold to considering leasing/renting then I can tell you they do rent well and they range from $995 for the smallest to $1350 for the larger, but most are and the average are usually 1150 to 1250 in and around the established newer subdivisions near Grove Park. If you are looking for property management I can also give you several names so that you have information to make an informed decision. I have used a number of them for clients of mine who did not want to yet sell their homes and for a number of investors I work with who live out of the area as well as out of the country. Let me know if I can help further.

Hope this is helpful,

Deborah Rigsbee Miller, Real Estate Broker
Coldwell Banker Advantage
919-491-2826
... more
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Sun Mar 3, 2013
Tracy Levitt answered:
Hi Wei:

I was a real estate broker for many years in Los Angeles, and continued to sell real estate when we moved to the Raleigh/Durham area in 2006. I am currently renovating a 100 year old home near downtown Durham, which we plan to move into this summer. My husband and I also own an investment property in Durham currently.

I would be happy to speak with you via email or on the phone regarding your specific needs as far as investing in the Durham area. There are a huge number of options available under $90,000; you do need to be careful about which areas you invest in in order to maximize the return on your investment.

I hope to hear from you soon!

Thank you,

Tracy
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