House hacking in Hudson NY

[J.R. Coffin]

My partner and I have a short term goal (1-3 years) of moving up to Hudson, New York and doing a bit of house hacking. We are both designers that love nature so Hudson seems like the perfect middle ground.

Does anyone have any experience with Hudson, NY? Either buying, flipping, house hacking, etc? I know the market is a bit over saturated right now but I would love to hear your experiences and make a few connections. 

[Michael Gansberg]

@J.R. Coffin - I bought my first investment property in Hudson(16 years ago,) I still own it. The town has come a long way since then, and it's still moving in a positive direction. I think you could do well with a 1-3 year investment horizon- buy and rehab a house, live in it awhile, then rent it out to a New Yorker as their weekend home. That strategy would likely yield better results than renting to local residents. 

I'd also suggest prioritizing location(essentially unchangeable) vs. prioritizing curb appeal(certainly changeable.) Considering that you're both designers, an ugly house(with good bones!) in a great neighborhood would play more to your strengths than would a fabulous house in a so-so neighborhood.