Looking to start a portfolio for Cashflow. Has anyone invested in Watertown NY ?

[Abhishek Sharma]

Has anyone here invested in Watertown NY ? Looking to start a cashflow portfolio with multi-tenant properties.

Please feel free to suggest other places too. Curious about Watertown NY

[Joseph R. Smith]

Yes. The appreciation rate is far above national average and consistent for buy and hold. Especially with the microchip plants moving into Central New York State. I'm an organizer for the real estate investors meetup group in this area. https://www.meetup.com/north-country-real-estate-investing-c...

[Kiernan LaFaver]

Same kind of deal in the Syracuse area as well, about an hour-ish south! Watertown is most known for Fort Drum, a military base that the city is largely built around. With there being a base there, there is always a good amount of tenant turnover from contract workers stationed there. I agree with Joe, I do think that micron will be felt in the Watertown area as well, maybe not quite to the extent that the greater Syracuse area will but still. I’m not as familiar with the tenant market up that way, but if you’re interested in the Syracuse area, multi families are endless possibilities!