Investment, STR in Upstate a good investment?

[Anita Z.]

Hi, would love some input/advice on buying a small cottage in Saugerties, upstate New York(mid Hudson Valley).

Looking at buying as a STR/vacation home for myself. Its priced well, needs work(which is fine) but wondering if anyone has had any experience buying, living, or managing any rentals in this area or near it?

Are the STR's there a good investment?

Would love any input here.

Thank you.

[AJ Wong]

Quote from @Anita Z.:

Hi, would love some input/advice on buying a small cottage in Saugerties, upstate New York(mid Hudson Valley).

Looking at buying as a STR/vacation home for myself. Its priced well, needs work(which is fine) but wondering if anyone has had any experience buying, living, or managing any rentals in this area or near it?

Are the STR's there a good investment?

Would love any input here.

Thank you.

Hi Anita I specialize in STR sales and operations out on the OR Coast..oddly when clients don't find what they're seeking or are priced out in the coast several have purchased STR's in upstate NY. The performance metrics typically look strong. Connect with @Joseph Chiofalo he’s done some STR loans there recently for those same clients and can refer you a local RE Broker. Good luck! 

[Joseph Chiofalo]

Hi Anita, 

We just helped a client purchase an str in that location last month. 

There are a few ways to go about structuring the financing to help leverage some capital. 

What price point would you be targeting on the purchase? 

[Carrie Zhang]

Quote from @AJ Wong:

Quote from @Anita Z.:

Hi, would love some input/advice on buying a small cottage in Saugerties, upstate New York(mid Hudson Valley).

Looking at buying as a STR/vacation home for myself. Its priced well, needs work(which is fine) but wondering if anyone has had any experience buying, living, or managing any rentals in this area or near it?

Are the STR's there a good investment?

Would love any input here.

Thank you.

Hi Anita I specialize in STR sales and operations out on the OR Coast..oddly when clients don't find what they're seeking or are priced out in the coast several have purchased STR's in upstate NY. The performance metrics typically look strong. Connect with @Joseph Chiofalo he’s done some STR loans there recently for those same clients and can refer you a local RE Broker. Good luck! 

Curious about this topic. What are considered “strong” performance metrics for upstate? 

[Vivian Key]

@Anita Z.  I’m curious, have you made any progress?