Closing on our first property in NY's Finger Lakes region!

Closing on our first property in NY's Finger Lakes region!

Member since 2021 · 4 posts · 2 votes

Hey folks! 

I'm excited to be under contract on my first investment property, a lakeside cottage on a small lake in the Finger Lakes region. I'll be using it as a STR (AirBnB, etc..) Would love to connect with any other investors in the area.

I'm located in Rochester and will likely be trying to make my second deal closer to home. Currently planning to focus on STRs and visiting nurses. (Don't have the stomach for long-term tenants in NY.) 

I'm purchasing this property with a conventional mortgage but am planning to branch out for future deals. (HELOC, self-directed 401k, etc.)

Looking forward to connecting and learning!

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Rental Property Investor · Nashville · Member since 2021 · 6 posts · 5 votes
5y

@Julia Maddox congrats, good Riesling up there! I've rented most houses when visiting wine country off ABB...could be good keywords to use on your property to pick up searches

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  • Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    5y

    @Julia Maddox

    Congrats and wishing you much success! 

  • Investor · Rochester, NY · Member since 2020 · 1 post · 0 votes
    5y

    Hi Julia,

    Congrats on the lakeside cottage! I live in Rochester and own some investment property here near the university. I'd be interested to hear how you work through the numbers on short term rentals in the area. Feel free to reach out anytime.

  • Rental Property Investor · Nashville · Member since 2021 · 6 posts · 5 votes
    5y

    @Julia Maddox congrats, good Riesling up there! I've rented most houses when visiting wine country off ABB...could be good keywords to use on your property to pick up searches

  • Investor · Rochester, NY · Member since 2015 · 499 posts · 169 votes
    5y

    My sister in law owns a few AirBNBs on Seneca Lake and loves it.  I could connect you too. 

  • Rental Property Investor · Ithaca, NY · Member since 2015 · 1k+ posts · 1k+ votes
    5y

    @Julia Maddox

    Hey, I’m a contractor and I run Airbnb and LTRs in Groton and Cortland. I have 130+ reviews so if you need help let me know, I’ll answer any questions. What lake are you closest to?

  • Property Manager · Royal Oak, MI · Member since 2015 · 16 posts · 2 votes
    4y

    @Julia Maddox - How is the STR in Seneca lake area going? I just went under contract and looking forward to going live.

    If you have any good tips you learned about the area and/or referrals i am open to learn. I am looking for GC, cleaners, and handymen. Not easy to find in this area. 

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