Rental Investment in Buffalo NY

[Hannah Ly]

Hi All - 

What do you think of rental investment market in Buffalo NY? Do anyone know any REI agent/investor from Buffalo, NY or has done rental investment there? Any advice is appreciated.

Thanks,

Hannah

[Jerry Ciesielski]

Hi Hannah;
The market for rentals in the Buffalo/Niagara region is still very strong, but the area varies greatly by neighborhood - often block by block. Do some research to determine what area you want to focus on based on your budget.
Neighborhoods such as the Elmwood Village, Kenmore, or Williamsville are established and demand very high rents, and are a safe investment, but with high cost of entry.
Other areas, such as the Lower West Side, Grant-Ferry, or West Side, are hot and growing. There are still many good deals to be found there.
Areas such as the East Side, South Buffalo, Black Rock, and Riverside, are a bit challenging. In those cases it is better to have a more intimate, local, perspective on each and every deal.
Best of luck to you. Let me know if I can answer any other questions.