Investor · Ottawa, Ontario Canada · Member since 2019 · 21 posts · 6 votes
I am interested in investing in the Upstate New York area and I was wondering if any REI BP members have had good success in that market and specially cities such as Rochester, Syracuse, Buffalo and Albany.
From my research, I know that the properties do not appreciate much but based on the properties purchase prices there seems to have good ROI and good cash flow.
Looking to invest in SFH and small multi-family (2 - 4 units) properties and apply the BRRRR strategy.
Any thoughts, feedback and insight on cities and areas that you have success investing as well as areas that do not do so well or to avoid would be very much appreciated. Thanking you all for your feedback in advance!!!
I run Airbnbs out of the Cortland and Ithaca area. I make a decent chunk of change. I’m looking to expand into small hotels on Cayuga Lake. If you’re into wine and a good return on your investment, feel free to message me.
Hey @Aldo Balatti! There's a Southern Teir REI that meets in Binghamton monthly- look them up on facebook and they'll put you on their mailing list. It's a great group of local investors, lenders, and even attorneys that are extremely welcoming and helpful.