Rental Property Utica NY - Buy and Hold Strategy

Rental Property Utica NY - Buy and Hold Strategy

Member since 2021 · 19 posts · 11 votes

i live in nyc and looking to buy my first rental property in utica ny. Can anyone here in BP give me advice about the current market in Buffalo, including local property management and if the area is known for problem tenants and/or high vacancies. I picked Utica because I went there for school because it seems to be a place I could buy a multi families property around $150k or so and I see that the school district is solid according to greater schools website. hopefully to get more information before purchase. Would love to hear more about the area from those familiar with it. As I am a newbie investor looking for my first purchase.

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  • Devin PetersonBusiness Member
    Lender · Sarasota, FL · Member since 2022 · 2k+ posts · 678 votes
    3y

    Hey Khalid,

    Congrats on starting out your RE investing journey. Would be happy to connect and answer your questions. Some other good markets I've heard people going after are Albany and Schenectady. Take a peek.

  • Real Estate Consultant · Buffalo, NY · Member since 2018 · 49 posts · 24 votes
    3y

    Happy to give you a run down of locations and who the movers and shakers are.

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