All Forum Posts by: Daniel Woolsey

It's still technically within Newburgh, just north and west of downtown.  It's just west of 9 on Sequestered Rd. - technically it's two twin duplexes. 

@Kimberly DiMarino My wife and I have a fourplex a little north and west of downtown and it's flowing well now. We inherited a couple of problem tenants from the previous owner and had to put in some rehab after getting them out but it's doing well now.

Newburgh has been on the rougher side of things for a while. It will never be Beacon because it's on the wrong side of the Hudson for the Metro North but that's also the reason there are deals to be had. 

We are staying clear of downtown proper, instead looking at neighborhoods that hard-working families might also be looking for.  There are efforts to revitalize downtown but some of that seems to revolve around preserving the architecture which can lead to some logistical difficulties for investors who want to rehab H/T @Will McGuire.

Interesting. Thanks.

I just joined BP and m diving into the incredible reservoir of info here. My wife and I live in NYC where we own our HUGE 650 sf studio. In 2015 we bought two twin duplexes (let's call it a four-plex) in Newburgh, NY which are earning nicely. We are looking for more multi-family deals in the Hudson Valley.

So far my strategy has been one of "buy and hold" as we both hold down full time jobs in the city. However the more I learn on here, the more I'm tempted to try. Amazing site guys.