Commercial Real estate market in Buffalo or Rochester

[Brian Linton]

Hi everyone,

I am new to bigger pockets and new to investing. I am looking to start investing in the Buffalo and Rochester areas  but commercial, multifamily only.  8 units or more. I am curious to hear from other investors in the area as to what they think of the market currently? My priority is cash flow properties more than appreciation properties. I'd love to hear anything you guys think is worth mentioning , I'm all ears!

Thanks to everyone in advance! 

[Mark Updegraff]

Inventory is tight, especially for what you're looking for.

Popularity of Urban living is on the rise, bringing up values quickly.

If you want grade A property, expect to pay for it.  We're seeing prices at 100k per unit with rents ~1300 / unit and that translates right up into the big multi's in prime areas.  Not killer cash flow but the appreciation will probably be there.

If you're slumming in the ghetto's get ready for a deferred POS.  Do triple the due diligence you think you need to perform just to make sure you know what you know.