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Updated about 6 years ago,
Buffalo, NY Starting Out
Hello,
My wife and I will be moving back to Buffalo this spring (June 2019). I have been doing a lot of reading on real estate and would like to start investing after we get back.
Primarily would like to focus on cashflow with buy-and-hold likely a duplex. We have been keeping up with the market a bit and have seen the dramatic increase in house prices over the last few years.
I would like to invest locally as an inexperienced investor. Is Buffalo still a viable option for cheaper duplexes to generate some cash flow and begin to build a portfolio? I have quite a bit of time until we would even consider buying a rental property (have to close on our own house first) but would like to get all my ducks in a row so to speak.
Rochester and Syracuse would also be an option (did my medical training in Syracuse) but I know less about the cities.
Thanks for the help and all the great information on this site!