Newburgh, NY. Buy, hold or run for the hills?

[David Lant]

After building up a multifamily portfolio in Beacon and flipping over 20 homes I'm seriously considering buying multifamilies in Newburgh. I have many concerns and reservations about making the leap so I guess I'm looking to chat with others to find out other people experiences. I also have a few ideas that I think might work with the right group of investors. Let's chat

[Frank Gucciardo]

Hey @John Hickey,  thanks for tagging me in.

No secret that I've had my misgivings about Newburgh, and honestly, I still do.  I've decided to put my money elsewhere in the surrounding areas, but this does not mean that I don't believe Newburgh is heading in the right direction.

I'm betting that some people are going to want to live around/outside Newburgh but not necessarily in it so that's where I'm staying, for now.

Poughkeepsie is certainly interesting with Marist and Vassar Hospital recently announcing the creation of a teaching hospital.  Big things could be happening but the city government needs to get its act together.  Not very investor/developer friendly.