newsobserver.com | North Carolina: "Values up in core of Raleigh"
I recently invested in a piece of real estate in Raleigh, NC. Turns out there was a great story behind this deal.
The owner, a widow, was tired of managing the small rental unit by herself and agreed to sell it "for a market price." At the closing table she relayed the story of how she came to own it.
Back in the 60's her husband did a paper route on the side to earn extra cash. Upon visiting this house to collect his paper money he learned that the occupant had passed away. The house was going to be auctioned so he the made an offer...SOLD for $5,000.
For 40 years the woman and her husband have enjoyed a nice income from a property that was essentially purchased with paper route money!
According to this N&0 article Raleigh land is good bet...
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