Updated about 7 years ago on . Most recent reply
Determining Local Market Rents
Hello everybody, I am looking to begin investing in the Buffalo real estate market in the next 6 months. I am looking for duplexes under 150k in the South Buffalo, Lackawanna, West Seneca, Orchard Park, Cheektowaga, and surrounding areas. Does anybody have any advice regarding how to go about getting concrete data on current rent levels in specific areas? It’s difficult to forecast the financials of a particular property without knowing how much I can assume for rent. Thanks in advance!
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@Maxwell Milholland go on apartments.com or whatever is popular for rentals in your area. Do a 1,3, and 5 mile radius to check comparable. If you adding value to the property compare assets that you trying to get yours to be similar with.