Updated over 3 years ago on . Most recent reply
Rochester and Buffalo
What’re everyone’s thoughts on investing in single family homes or small multi family property’s in either Rochester, NY or Buffalo, NY? What factors in each of these markets determine if they’re great markets to invest in?
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- Real Estate Agent
- Buffalo, NY
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@Evan O'Brien The market is the market but, we have three determining factors in assessing an investment property.
1. Location is first and most important
2. Asset condition. Your variable costs are tied up in your asset condition, you can cash flow for a while but, the bill comes due eventually and its always the owners to pay.
3. Returns. The cash on cash returns are important but, I would take a great asset in a great location with low returns over the inverse of that statement.
- Matthew Irish-Jones
