Western New York HELP!

[Amika B.]

Hello everyone! 

I am originally from New York but am now located in Texas trying to do deals from afar. I wanted to see if there was anyone on here who has properties in Western New York? What are some challenges you face that you think might be different than in other states? 

[Matt Pursley]

How far west are we talking? Upstate has lots of places with Sulfur water. Taxes in NY are brutal, so find a good CPA and keep good records, you'll need all the help you can get. 

I don't know where in NY you're from - but some of those areas can be EXTREMELY rural and low income. Being wise in your tenant selection will be important. Every place you invest will have similar issues that manifest in different forms. What I mean is In NY, you'll have to plan for snow more than other parts of the country. But you wont have to plan for tornados or hurricanes. But regardless you are aware of the weather. 

You have to get to know your market. The more you know your market, the more opportunities you'll have to be successful.