I love living in the city of buffalo and look forward to investing in the local real estate market here. Interested in talking with any other WNYers or Buffalo investors.
I love living in the city of buffalo and look forward to investing in the local real estate market here. Interested in talking with any other WNYers or Buffalo investors.
Hi Jennifer,
Welcome to the group! I'm sure you'll find a lot of members here at BP from your area. You'll also find the members more than willing to help you further your real estate aspirations.
Personally, I'm not real familiar with the New York market. Have you decided what type of real estate that you're going to invest in?
WNY can be a great place to invest. The properties cash flow very well due to low prices. Be careful about investing in areas that are de-populating.
Which areas would you consider "de-populating"?
Thanks for the warm welcomes. Im starting out paying cash for some properties that need some work, I have a team to do the work, and then renting them.
I know the areas of the city I like and have a good idea on the market, but it may not mean those are the hottest areas. I plan on talking to a couple property managers in the area to get their take based on how long they are seeing units vacant. Does that sound like a good start?
I'll need financing at some point, but most of the properties are under 100k, so getting 20% down wont be too bad. Anyone having any good/bad experiences with obtaining financing?
Welcome Jennifer WNY investor here , What areas are you buying in ?