All Forum Posts by: Jayson Parker

@Steve Kiernan I believe that there are a ton of properties in NF that could be BRRRR'd right now. Many people want to sell because of the inflated prices. There was just a house on Memorial Pkwy that sold for $200k in days. Last year I sold one on that same street for $187k and it's currently an AirBnB that's booked until the end of August or September (somewhere in that area). The developments downtown will only increase property value. I think that most of the wealth in Niagara Falls will be built through equity instead of rental income. Downtown Niagara Falls is slowly turning into West Side Buffalo.

@Matthew Irish-Jones we should do some more deals together. I have a bunch of buyers looking in NF and Buffalo for properties that make sense. But I hear you. It is difficult to find good tenants in Niagara Falls. I'm thinking that as more investors are coming into NF and rehabbing properties, the bad tenants will be pushed out. I'm hoping this will happen.

As more and more people are drawn to Buffalo, Niagara Falls is also impacted. Cap rates in Buffalo aren't as good as they used to be, (in most cases) due to the inflation of the market. Niagara Falls is currently undergoing developments that will help bring more jobs and people to the area. This is also attracting investors. Property value in Niagara Falls has increased over 70% since 2017 and I think that it isn't going to slow down with the rise of interest rates due to the influx of AirBnB investors completely rehabbing properties. I want to hear what other people think about this topic. What do you think?