Staten island, NY · Member since 2016 · 30 posts · 5 votes
i am a newbie who live in NYC. i read a lot of valuable info from BP posts that a lot of professionals provide. i am a little too late to invest anything in NYC btw, i have a 2 family house on Staten island which i bought it in 2013. i am looking to buy some condos first then multi family in Poughkeepsie NY. is there anyone out there can advise which area to avoid or looking for?
i am not a big fan of college students rentals. i've had bad experiences with them. i can get rent only 10 months out of a year. they moved out in May for summer to save money. June and July vacant for 2 months. they start looking in August. other tenants downstair/upstair complained loud music dancing around holiday season. the biggest headache was the bathroom. the drain backed up and my contractor found like hair ball down the drain. Also, he found tampons wrapped up in paper towel. It is a common sense that impossible to flush. i just a headache. i appreciate any valuable info. Thank you so much
Palm Bay, FL · Member since 2016 · 76 posts · 23 votes
9y
If your looking into Poughkeepsie ive heard the area by Marist college is a great place to look. Mid hudson regional is in the area as well. If you ever want to drive around the area let me know ive done a few trips but sometimes another eye is good to see things you might miss.
In terms of the schools they dont only have students. You have professors , maintenance workers, retail workers near by etc. If you look around on here some people that do student rentals make the tenants sign 12 month leases regardless of when they are in school. Also make parents sign on the lease and hold them accountable for damages.
Poughkeepsie, NY · Member since 2012 · 12 posts · 13 votes
9y
Eddie.....Welcome to the site. I am a Newbie too! I live in the Town of Poughkeepsie and I hope to get some multi-families in the town and city of Pok! There are def some rough areas in COP but not too bad. There are actually 2 colleges here.....Marist and Vassar College. I work for Verizon and have been all around here so I know the area very well. Lets stay in touch. I could always show you around....you too @Nick Harvey. There are deals to be found up here for sure.
I will definitely take you up on that. Im working up around Newburgh now so im sure i can make the trip over to your side. Ill send you a colleague request and we can link up when we both are free.
Poughkeepsie, NY · Member since 2012 · 12 posts · 13 votes
9y
Funny.....I used to work right here in Poughkeepsie but Verizon transferred me down to Yonkers garage so now i cover yonkers, Mt vernon and New Rochelle.....one of the many reasons/incentives for me to get real estate investing going so i can leave the corporate world soon!!
Staten island, NY · Member since 2016 · 30 posts · 5 votes
9y
Thank you @Nick Harvey and @Richard Brideau i will definitely drive around in those area. a college with a hospital there must be high demanding. i have to stay away from the rough area. i had both tenants don't pay rent for a year. i had to pay my mortgage with my and my family credit cards which i know it's a bad idea but i had no choice. it was a nightmare. i can't afford to lose again. it seems judges in NY favor tenants side to stay for 10+ months without paying rent. i hope some Judges know that we have a mortgage to pay.