All Forum Posts by: Isaac Terry

Hey @Isaac Terry, My question for you is: Are you planning to buy and manage the property yourself? Or, are you looking to invest for passive income and let someone else handle ownership and management?

 You need to make it durable. Think prison cell. Anything that can be hung on, swung from, or ripped off the wall should be removed. Carpet is a no go. Make sure your flooring can withstand pee, spilled beer, spilled juice, blood etc...

Hello Isaac,

I think your about 5 years too late property values and taxes have skyrocketed. There may be an opportunity but it will be rather expensive as a point of entry. However it depends what lens you use. If Newburgh sees valuation like Beacon did there still could be opportunity, however like I mentioned the people betting on this already did it years ago. 

I think the cons are high crime rate and I imagine high turnover / non paying tenants. I hear the city is a nightmare to deal with. Just my 2 cents though, I haven't a nickle invested in Newburgh myself.  If you move forward on a property feel free to update this post I'm curious to see how it turns out.