For Deac's Sake
Well-known member
- Joined
- Sep 15, 2011
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My parents recently retired and are looking to relocate to W-S from eastern PA (My sister is in Charlottesville and I’m in Charlotte so they’re trying to somewhat split the difference). They are talking about eventually building a house but want to rent for a while when they first move in order to get the lay of the land.
My wife and I both graduated Wake coming up on 15 years ago and other than day trips from Charlotte for games, haven’t really spent much time in the area since being in school. Looking for advice on a few things:
1. Any general areas/neighborhoods that you would recommend for someone (in this case a couple of 67 year olds) first moving to the area? Single family home or townhome probably.
2. We recently sold a rental property in CLT and have been thinking of taking the proceeds and reinvesting in a new rental. I’ve been toying with the idea of maybe buying something in W-S, my parents could be the first “tenants” and then whenever they move out once they find/build something permanent, we’d hold on to it as a rental. With that mind, similar question to #1 - what areas/parts of town would be good candidates for an affordable property now that has a good shot at appreciating in value over the next few years? If I bought something, would love to not spend more than $250k, maybe $270k max.
Thanks in advance for any thoughts or advice.
My wife and I both graduated Wake coming up on 15 years ago and other than day trips from Charlotte for games, haven’t really spent much time in the area since being in school. Looking for advice on a few things:
1. Any general areas/neighborhoods that you would recommend for someone (in this case a couple of 67 year olds) first moving to the area? Single family home or townhome probably.
2. We recently sold a rental property in CLT and have been thinking of taking the proceeds and reinvesting in a new rental. I’ve been toying with the idea of maybe buying something in W-S, my parents could be the first “tenants” and then whenever they move out once they find/build something permanent, we’d hold on to it as a rental. With that mind, similar question to #1 - what areas/parts of town would be good candidates for an affordable property now that has a good shot at appreciating in value over the next few years? If I bought something, would love to not spend more than $250k, maybe $270k max.
Thanks in advance for any thoughts or advice.