Investing in Buffalo,New York

Member since 2023 · 1 post · 0 votes

I am a beginner real estate investor looking to do long term rentals in Buffalo, NY. I would like to know which physical areas I should focus on.

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Steve Vaughan

Rental Property Investor · East Wenatchee, WA · Member since 2014 · 10k+ posts · 16k+ votes

@Sandra Feurtado Matthew Irish-Jones is the most experienced and helpful Buffalo expert on here by far.

You may also try posting in the specific Buffalo forum for local info.

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Steve Vaughan
Rental Property Investor · East Wenatchee, WA · Member since 2014 · 10k+ posts · 16k+ votes
3y
@Sandra Feurtado Matthew Irish-Jones is the most experienced and helpful Buffalo expert on here by far.

You may also try posting in the specific Buffalo forum for local info.

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Matthew Irish-JonesBusiness Member
Real Estate Agent · Buffalo, NY · Member since 2017 · 2k+ posts · 2k+ votes
3y
@Sandra Feurtado Hi, really depends what you are looking for. I like B+ and above because of a lengthy eviction process and costly turnover’s. Labor costs are high in NYS so controlling your variable expenses is key.
Once you come up with a entry price point,
Overall strategy and goals, then it’s just about finding the best available property on the market. Each micro market has a breakdown of cash on cash returns that can be expected.
Let me know if you have further questions.
Irish Jones Realty4.947 Reviews
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David NilesBusiness Member
Property Manager · DeLand FL · Member since 2012 · 860 posts · 243 votes
3y
Born and raised Buffalonian, contractor, real estate agent / flipper. Amazing how much the Buffalo market has changed, of course the politics and taxes havent and wont, why I moved to central Florida 4 years ago. Where are your B+ areas nowadays @Matthew Irish-Jones ?
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Matthew Irish-JonesBusiness Member
Real Estate Agent · Buffalo, NY · Member since 2017 · 2k+ posts · 2k+ votes
3y
@David Niles you are right on policy. B+ is most
Of the suburbs around the city, pockets of south Buffalo like Caz park, some of the West side bordering the Elmwood village and some of North Buffalo.
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Alex AllevaPro Member
Rental Property Investor · Mamaroneck, NY · Member since 2017 · 24 posts · 5 votes
2y
@Matthew Irish

@Matthew Irish-Jones Ive been seeing article that say Buffalo is going to be a great place to invest in 2024. Do you see the market still trending up? Are homes cash flowing well there. Im down in Westchester County and money sure doesn't go as far down here. Im looking to start investing upstate if it makes sense. thanks
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Matthew Irish-JonesBusiness Member
Real Estate Agent · Buffalo, NY · Member since 2017 · 2k+ posts · 2k+ votes
2y
Quote from @Alex Alleva:

@Matthew Irish

@Matthew Irish-Jones Ive been seeing article that say Buffalo is going to be a great place to invest in 2024. Do you see the market still trending up? Are homes cash flowing well there. Im down in Westchester County and money sure doesn't go as far down here. Im looking to start investing upstate if it makes sense. thanks

I went to school in Westchester county, great place.
The value of homes in Buffalo are still trending up. The numbers in Buffalo are good, and you can cash flow with property management services built in.  You can make more if you self manage, but that takes time to set up and there can be a learning curve that costs money.
Our agents are well versed in providing full financial breakdowns of every property they look at.  Cash flow works on an inverse with risk, somewhere in the middle is normally the best place to start.
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Barbara Berta
Member since 2023 · 30 posts · 28 votes
1y
Quote from @Matthew Irish-Jones:

Quote from @Alex Alleva:

@Matthew Irish

@Matthew Irish-Jones Ive been seeing article that say Buffalo is going to be a great place to invest in 2024. Do you see the market still trending up? Are homes cash flowing well there. Im down in Westchester County and money sure doesn't go as far down here. Im looking to start investing upstate if it makes sense. thanks

I went to school in Westchester county, great place.
The value of homes in Buffalo are still trending up. The numbers in Buffalo are good, and you can cash flow with property management services built in.  You can make more if you self manage, but that takes time to set up and there can be a learning curve that costs money.
Our agents are well versed in providing full financial breakdowns of every property they look at.  Cash flow works on an inverse with risk, somewhere in the middle is normally the best place to start.

Which agency are you with? I'm also interested in investing in Buffalo, but don't know too much about it yet, I just like the numbers. :)
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Matthew Irish-JonesBusiness Member
Real Estate Agent · Buffalo, NY · Member since 2017 · 2k+ posts · 2k+ votes
1y
Quote from @Barbara Berta:

Quote from @Matthew Irish-Jones:

Quote from @Alex Alleva:

@Matthew Irish

@Matthew Irish-Jones Ive been seeing article that say Buffalo is going to be a great place to invest in 2024. Do you see the market still trending up? Are homes cash flowing well there. Im down in Westchester County and money sure doesn't go as far down here. Im looking to start investing upstate if it makes sense. thanks

I went to school in Westchester county, great place.
The value of homes in Buffalo are still trending up. The numbers in Buffalo are good, and you can cash flow with property management services built in.  You can make more if you self manage, but that takes time to set up and there can be a learning curve that costs money.
Our agents are well versed in providing full financial breakdowns of every property they look at.  Cash flow works on an inverse with risk, somewhere in the middle is normally the best place to start.

Which agency are you with? I'm also interested in investing in Buffalo, but don't know too much about it yet, I just like the numbers. :)

Hi, I am with Irish Jones, we specialize in Property Management, Investor focused agents, and investor focused construction services.  I will shoot you a DM.
Irish Jones Realty4.947 Reviews
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Barbara Berta
Member since 2023 · 30 posts · 28 votes
1y
Quote from @Matthew Irish-Jones:

Quote from @Barbara Berta:

Quote from @Matthew Irish-Jones:

Quote from @Alex Alleva:

@Matthew Irish

@Matthew Irish-Jones Ive been seeing article that say Buffalo is going to be a great place to invest in 2024. Do you see the market still trending up? Are homes cash flowing well there. Im down in Westchester County and money sure doesn't go as far down here. Im looking to start investing upstate if it makes sense. thanks

I went to school in Westchester county, great place.
The value of homes in Buffalo are still trending up. The numbers in Buffalo are good, and you can cash flow with property management services built in.  You can make more if you self manage, but that takes time to set up and there can be a learning curve that costs money.
Our agents are well versed in providing full financial breakdowns of every property they look at.  Cash flow works on an inverse with risk, somewhere in the middle is normally the best place to start.

Which agency are you with? I'm also interested in investing in Buffalo, but don't know too much about it yet, I just like the numbers. :)

Hi, I am with Irish Jones, we specialize in Property Management, Investor focused agents, and investor focused construction services.  I will shoot you a DM.

Awesome, thank you
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