Plattsburgh NY worth it??

Question

Hello,

I'm looking at getting into a 3rd investment property. My current city of Burlington VT is pretty expensive. I've started looking elsewhere for deals and am wondering if Plattsburgh NY is the place for me. Has anyone purchased rental property there and has it been successful. What are the best parts of town?

Thanks,

Mike

Patrick Hermans · Answer

@Michael Cohen I went to school in plattsburgh for 4 years. Its a good opportunity for flips, but buy and holds are a little tougher there. You can still find good deals though. Its still much better than most cities

Chris Holter · Answer

opening this thread after 4 years lol. I have multis in Platts if anyone is interested in questions or convos. Looking to network in areas here and around upstate NY.

Account Closed · Answer

College housing in Plattsburgh usually runs $2400ish per semester per student. Cost to buy multis is cheap. I have never ran numbers on any property up there but college housing is pretty lucrative.

Martha Nowlan · Answer

Alright this isn't about Plattsburgh, but have you looked in Barre, VT? Caps are pretty good there. Let me know if you want help looking around.

Julie Marquez · Answer

My only tie to Plattsburgh is that's where my mom grew up and my relatives still live there.

But I got on another Plattsburgh forum thread (maybe just search "Plattsburgh") and the guy was looking on advice to sell or rent his house. He said that there is a new titanium factory going in and that the area is poised to grow. I'm not expert, but maybe you can find that conversation, or find that BP guy.

As with any unknown town, just start looking at things for sale, analyze the number, and see if it works! (Hint - use the BP calculators here)

Plattsburgh NY worth it??

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