Is Buffalo a good place to invest (example included)

[Calvin Liang]

I recently visited Buffalo NY and am trying to figure out if its a good place to invest. Below is the number I came up with for one of the properties(It's listed a few months back and it's sold already, but there are other deals that look similar to this one).

The number looks great on paper(see attached image), but I have some concerns:

1. I am from the Bay area, Buffalo is definitely not as vibrant as any city in the Bay area.

2. I am looking at the neighborhood around Buffalo University, my niche is college students.

3. Buffalo has a decreasing population (http://worldpopulationreview.com/us-cities/buffalo...).

I would love to have some inputs from the experts here. Appreciate any feedbacks you can give me :)

[Michael Guzik]

@Calvin Liang First off I just want to say great job on looking out of state for a market and doing some pretty in depth due diligence. I've heard buffalo to be a pretty stable market and on one of the podcasts the guests spoke about how the market was least impacted by the crash in 2008 compared to the surrounding areas. On bestplaces.net they claim the population growth has grown 21% since 2014... since that conflicts with the data you presented I wouldn't be worry to much about it. Take a flight and stay there for a bit and see the market yourself and what you think of it. Google maps, online pictures, and online sources are much different than an in person view of the city and real estate situation. I think you are on to something and just need to go there yourself and check it out and see what you think!