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Updated over 5 years ago on . Most recent reply
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Hudson Valley / Connecticut areas to invest
Hi All,
I have been researching and analyzing the different areas within 1 hr of me to begin investing and was wondering if anyone had any thoughts about the Hudson Valley and Connecticut Border?
Our plan is to buy and hold good cash flowing properties and use my wife's skillset as an architect/designer to flip other properties. We have been looking throughout the Hudson Valley: primarily Dutchess and Orange Counties, NY. Anyone have any insights as to where are good places for flips and buy/hold?
Poughkeepsie, Newburgh, Danbury, Beacon?
Thanks in Advance,
Tim
Most Popular Reply
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Profits are certainly to made made in Newburgh.When I showed this last apartment that I just rented on June 1st, I was pleasantly surprised with the potential tenants. A few coming over from Beacon and more than a handful up from Brooklyn. It was hard when deciding who to lease to. So, yes @Frank Gucciardo, I was able to increase the rent on this specific apartment because of those moving in.