Appraiser · Grand Island, NY · Member since 2016 · 2 posts · 0 votes
I have been a certified residential appraiser in the Buffalo NY region for over 10 years and overall have 15+ years experience in the industry. From an investor standpoint I am taking the next steps by venturing into the Multifamily investing and flipping. Currently I own a 1 unit condominium rental property and would like to multiply the success with that unit to build income on my road to self sustainability.
Property Manager · DeLand FL · Member since 2012 · 860 posts · 243 votes
10y
@Randy Johnsonman are you in for a surprise if you come back to visit. Buffalo has had more development / resurgence in the past 5 years then in my entire life living here. Something we have never been able to say but I am proud to now, Buffalo is booming. Property demands and values are soaring all over the place, granted many areas have a ways to go, but those are the deals you can still afford and get in early on to cash out.
Las Vegas, NV · Member since 2016 · 24 posts · 5 votes
10y
hello Sebastian
I'm in Las Vegas and new at investing. I was born in Buffalo. Buffalo is full of very low income housing and a bad economy to boot. Are you more gearing towards the suburbs? Houses are cheap there but neighborhoods are bad in a lot of areas. I haven't been there in a while is there any signs of a boom going on? Are businesses moving back in Buffalo?
Hamburg, NY · Member since 2016 · 17 posts · 1 vote
10y
Hello everyone!! I am very new to the REI area but I can say buffalo is experiencing a resurgence. There are still some areas of the city that are not good however some areas are growing exponentially. Some properties within the Elmwood corridor are fetching 500-600k. If more employment opportunities arise with the medical campus building and solar city then there is more potential for growth. I actually live in hamburg just south of buffalo and my opinion doesn't mean much but some of this growth has inspired me to look into REI.
Property Manager · DeLand FL · Member since 2012 · 860 posts · 243 votes
10y
@Randy Johnsonman are you in for a surprise if you come back to visit. Buffalo has had more development / resurgence in the past 5 years then in my entire life living here. Something we have never been able to say but I am proud to now, Buffalo is booming. Property demands and values are soaring all over the place, granted many areas have a ways to go, but those are the deals you can still afford and get in early on to cash out.