Newburgh and Poughkeepsie, NY

[Richard Alvarez]

What are your thoughts on investing in Multi-Family Homes in the Newburgh and Poughkeepsie, NY area?

[Georgina Channer]

I purchased a house in Newburgh. I heard all of the horror stories, but I had to try it for myself. It looks a lot scarier than it actually is. I held the house for three years, rented it (it was a two family). I had no issues (proper screening, thanks Bigger Pockets!!). Sold it in 30 days (cause I wanted the money to do it again without using my savings). I just got an accepted offer on house number 2 and I'm waiting to hear back about house number 3.

You have to know what you can handle. I have looked past the "war zone" areas and comments and I see the numbers. If it works buy it.