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Kristofor Rahmas
  • Rental Property Investor
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Cobleskill Market Advice Needed (Upstate NY, Albany area)

Kristofor Rahmas
  • Rental Property Investor
Posted Mar 31 2019, 06:50

Hi everyone!  I have come across an off market deal in Cobleskill NY.  I grew up in the area so i know its a very rural sleepy college town.  As a result, I can't find a lot of information to help me with my due diligence research.  My main concern is vacancy which is around 17%.  I would like to avoid using it as a college rental as I don't plan to be in this area too long and don't want to deal with turn over year after year.  I am not completely against it tho as Cooperstown isn't far away and it could be a potential lucrative summer AirBnB option for all the people that travel there for baseball.  

All the numbers look good however my main concern is vacancy.  If any Albany, Schenectady or Oneonta investors are familiar with the Cobleskill market, please give me some insight.  This would be my first deal and i just don't want to make a stupid decision I'll regret.

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