Seeking Investment property

Upstate New York, New York
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Seeking Investment property

Stephen KernPro Member
New York, NY · Member since 2024 · 12 posts · 16 votes

Hello, 
I'm currently renting in Manhattan, and am in the beginning stages of seeking an investment STR Cabin in Upstate New York. I was looking to buy a primary in the city, but have now pivoted to the Cabin idea. Would love to connect with a realtor familiar with the region and market.

Thank you all so much!
-Stephen

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  • Arman AhmedPro Member
    Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2024 · 2k+ posts · 956 votes
    6mo
    Quote from @Stephen Kern:

    Hello, 
    I'm currently renting in Manhattan, and am in the beginning stages of seeking an investment STR Cabin in Upstate New York. I was looking to buy a primary in the city, but have now pivoted to the Cabin idea. Would love to connect with a realtor familiar with the region and market.

    Thank you all so much!
    -Stephen


    Sounds like an exciting pivot! Cabins and short-term rentals can be fun, but Upstate NY is competitive and pricey, especially for your first STR. A lot of investors in your shoes also look at out-of-state options, like Midwest markets, where you can get similar vacation-style properties or small rentals at lower entry prices with stronger cash flow. The key is lining up a local team, PMs, contractors, and lenders, so even if you’re remote, everything runs smoothly. It’s all about getting deals that make sense financially, not just location appeal.
    [email protected]614-418-6081
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  • Chris Gabel
    Member since 2023 · 38 posts · 5 votes
    4mo

    To be cheaper, I would suggest getting a cabin custom and placed where you want it.  I sell all units at www.easydesignhomes.com 

    0Reply
  • Robert EllisBusiness Member
    Developer · Miami, FL · Member since 2014 · 3k+ posts · 1k+ votes
    4mo
    Quote from @Stephen Kern:

    Hello, 
    I'm currently renting in Manhattan, and am in the beginning stages of seeking an investment STR Cabin in Upstate New York. I was looking to buy a primary in the city, but have now pivoted to the Cabin idea. Would love to connect with a realtor familiar with the region and market.

    Thank you all so much!
    -Stephen


    One thing I'd spend time thinking about before picking a realtor is whether you're buying an STR business or a cabin.

    A lot of people fall in love with the idea of owning a cabin and then try to make the numbers work afterward. The investors I've seen do best usually start with occupancy, seasonality, competition, regulations, and management logistics before they ever look at the property itself.

    The property is important, but the market and operational model tend to determine whether an STR performs the way people expect.

    I've also found that some of the most attractive cabins end up being mediocre investments, while some of the least exciting properties produce the strongest returns because they're positioned correctly.

    If occupancy dropped 20% from your projections, would the property still be something you'd want to own?

    [email protected]786-494-6766
    Section 8 Launch52 Reviews
    WebsiteView Page
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