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Updated over 7 years ago on . Most recent reply

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4
Posts
1
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Mike Albani
  • Bardonia, NY
1
Votes |
4
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200K cash investment -ideas about a good market appreciated.

Mike Albani
  • Bardonia, NY
Posted

Am considering to invest 200K in multifamily. Considering Binghamton, NY, but I am not ruling out any city with strong potential. Would appreciate any input on cities that have strong market. Goal is: Cash flow and appreciation. 

Most Popular Reply

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121
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121
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Jim S.
  • Rental Property Investor
  • Denver
121
Votes |
121
Posts
Jim S.
  • Rental Property Investor
  • Denver
Replied

Having lived in Binghamton for 4 years and witnessed the vacancy there you probably won't see great appreciation (in the short or long term).

You will however have one of the best price:rent ratio markets in the US. Focus on that, any appreciation you eventually may get is just a bonus.

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