city of newburgh ny

General Real Estate Investing
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city of newburgh ny

Shequann Burrwell
Wholesaler/rehabber · Arcadia, FL · Member since 2013 · 341 posts · 22 votes

Has anyone done any investing in the city of newburgh ny. I have found deals there but they fell threw due to just inexperience on my part and lack of investors interested in the deal. This was many months ago and I am way more educated on the art of wholesaling as well as buy and flip. what im wondering is newburgh worth investing in?

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John Bucci
Real Estate Agent · Tarrytown, NY · Member since 2016 · 149 posts · 63 votes
7y

@Eder Aldana rents in newburgh will fair well in a downturn. Easier to rent an apartment for $900/mo than $2000/mo... More people will be looking for affordable rentals in a downturn. 

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  • Jimmy Thomas
    Rental Property Investor · Brooklyn, NY · Member since 2018 · 36 posts · 17 votes
    7y

    Looking to build a portfolio in Newburgh as well. I have a friend from Westchester who has been calling it "the next Brooklyn" for at least 5 years now. 

    I am hoping to do some BRRRRing in the area with a few partners. Are the margins still good for this type of investing?

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  • John Hickey
    Rental Property Investor · Chappaqua, NY · Member since 2015 · 1k+ posts · 947 votes
    7y

    @Jimmy Thomas we have a meetup in newburgh 6/14 it was started two years ago by BP members so we could help each other get stuff done in newburgh.

    If your into newburgh come meet some folks. We can def help you.

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  • Jimmy Thomas
    Rental Property Investor · Brooklyn, NY · Member since 2018 · 36 posts · 17 votes
    7y

    @John Hickey Thanks. I intend on being in Newburgh on 6/15, but will try to make the trip. Please let me know the details.

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  • John Hickey
    Rental Property Investor · Chappaqua, NY · Member since 2015 · 1k+ posts · 947 votes
    7y

    @Jimmy Thomas

    https://www.biggerpockets.com/topics/713143

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  • John Hickey
    Rental Property Investor · Chappaqua, NY · Member since 2015 · 1k+ posts · 947 votes
    7y

    @account closed...PR fluff? 

    Here’s a Heads up.  Don’t pay any attention to what you think is a good investment.  

    You will be eating cat food one day if you keep on believing you know what’s going to happen in RE.  

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  • Bill O'Donnell
    Rental Property Investor · Newburgh, NY · Member since 2018 · 160 posts · 117 votes
    6y

    @John Hickey

    Hey John.

    Bill O'Donnell here.

    Are there going to be any more Meetups.

    I haven't seen any lately.

    If there are, can you please send me the dates and location. Thanks

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