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Updated almost 6 years ago on . Most recent reply

User Stats

40
Posts
17
Votes
Kristofor Rahmas
  • Rental Property Investor
17
Votes |
40
Posts

Cobleskill Market Advice Needed (Upstate NY, Albany area)

Kristofor Rahmas
  • Rental Property Investor
Posted

Hi everyone!  I have come across an off market deal in Cobleskill NY.  I grew up in the area so i know its a very rural sleepy college town.  As a result, I can't find a lot of information to help me with my due diligence research.  My main concern is vacancy which is around 17%.  I would like to avoid using it as a college rental as I don't plan to be in this area too long and don't want to deal with turn over year after year.  I am not completely against it tho as Cooperstown isn't far away and it could be a potential lucrative summer AirBnB option for all the people that travel there for baseball.  

All the numbers look good however my main concern is vacancy.  If any Albany, Schenectady or Oneonta investors are familiar with the Cobleskill market, please give me some insight.  This would be my first deal and i just don't want to make a stupid decision I'll regret.

Most Popular Reply

User Stats

57
Posts
27
Votes
David MacClintock
  • Investor
  • Oneonta, NY
27
Votes |
57
Posts
David MacClintock
  • Investor
  • Oneonta, NY
Replied

I run a baseball air bnb in Oneonta. Market is getting crazy saturated now. Cobleskill has better vacancy than what youre projecting if you house is in anything close to nice condition.

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