Updated almost 4 years ago on . Most recent reply
Short term/vacation rental upstate NY
Hello,
I am currently looking for a property to invest in as a short term rental preferably 2.5-3 hours from NYC. Looking for 5 acres minimum. Any areas that anyone could recommend or know if anyone that can help? TIA
Most Popular Reply
I'm actually an agent in the Hudson Valley and have worked with a ton of investors who are doing the same thing. I also own a STR. You have to be careful because a lot of the towns are changing the regulations. Some have outlawed it entirely, some have created super strict permits so it really is a town by town basis. I'm happy to share with you specific towns I know, but I think the key is that wherever you buy, make sure you can also rent it out long term to cover the mortgage should the town ever decide to outlaw STRs. There is a long term housing shortage up here so a lot of towns see STRs as the problem... Hope this helps. But definitely happy to talk about specific locations more offline.