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All Forum Posts by: Andrew Chesnutt

Andrew Chesnutt has started 2 posts and replied 11 times.

Post: Turnkey 3-Unit With Barn Near Ellicotville, NY

Andrew ChesnuttPosted
  • Buffalo, NY
  • Posts 18
  • Votes 5

3-plex plus barn on 6 acres for sale near Ellicotville, NY. Current NOI is $29,539/year.

Post: Newbie Investor from Buffalo, NY

Andrew ChesnuttPosted
  • Buffalo, NY
  • Posts 18
  • Votes 5

Thanks @Chad Brey!

Post: Newbie Investor from Buffalo, NY

Andrew ChesnuttPosted
  • Buffalo, NY
  • Posts 18
  • Votes 5

Thanks for the info @Jarrett C.! I'll PM you for more details.

Post: Newbie Investor from Buffalo, NY

Andrew ChesnuttPosted
  • Buffalo, NY
  • Posts 18
  • Votes 5

Thanks @Erik Sherburne! I appreciate the words of encouragement.

Post: Newbie Investor from Buffalo, NY

Andrew ChesnuttPosted
  • Buffalo, NY
  • Posts 18
  • Votes 5

Hi @Michael Eng. From what I've seen, there aren't too many SFH's being rented. The City of Buffalo has a lot of duplexes (upper/lower) houses and that's been the predominant rentals in the area. That's only based on my experience of renting though.

Post: Newbie Investor from Buffalo, NY

Andrew ChesnuttPosted
  • Buffalo, NY
  • Posts 18
  • Votes 5

Thanks for the help @Dmitriy Fomichenko! I appreciate it.

Post: Newbie Investor from Buffalo, NY

Andrew ChesnuttPosted
  • Buffalo, NY
  • Posts 18
  • Votes 5

Amherst and Williamsville are pretty suburban and quite expensive. As a general rule, this area is usually where you go when you're growing a family and looking for a house or retired so senior housing and SFH are big here.

I'm looking for duplexes at this point (at least to start out with) but my 5-year goal is for multi's (5+.) I'm still in the beginning of my REI journey though so that's subject to change. LOL.

From what I've seen so far, the City of Buffalo and Niagara Falls have the potential for some good deals but you'd have to do some research. Buffalo is a little odd; one block of a street might be fine, the next block is pretty undesirable, then two blocks over is the trendy area. I'd recommend just driving around the city to get a feel for the different areas.

Post: Newbie Investor from Buffalo, NY

Andrew ChesnuttPosted
  • Buffalo, NY
  • Posts 18
  • Votes 5

Thanks @Ozzy Sirimsi!

Post: Newbie Investor from Buffalo, NY

Andrew ChesnuttPosted
  • Buffalo, NY
  • Posts 18
  • Votes 5

Thanks @George T. Welcome to Buffalo a little early. LOL.

Yeh, Buffalo's pretty hot right now. A lot of houses are going for market price and some above market depending on where they are. There's For Sale signs everywhere. Something tells me it'll cool down in the near future though. Good luck with your move. Not sure how familiar you are with the area but if you have any questions, ask and I'll try to answer them the best I can.

Post: Newbie Investor from Buffalo, NY

Andrew ChesnuttPosted
  • Buffalo, NY
  • Posts 18
  • Votes 5

Thanks @Trexie E.!