All Forum Posts by: Keith Allen

Thanks Preston! 

Very interested in Rochester. Wondering how expensive/how much of a hassle it is to get these C of O's. Is it a major reason not to invest in the city, or are they somewhat reasonable and it's worth the hassle?

Any insight on this is appreciated. Seeing some homes in the Mapleton historic district that look nice.

Seems like a novice question, but found my first successful multi-family on Zillow some years ago, and looking to expand my portfolio. What other sites, places, etc. should I be looking? And is Zillow a trap and late to the game, to find deals?

Open to insights here, thank you!

Hi there,

I'm an investor who's successfully owned a multi-family duplex in Detroit for 4 years, while living in New York (city). It's gone well, I've found a reliable handyman and cleaner for when things come up (older home, but in good shape) and have had reliable good tenants (and some turnover in the upstairs unit I've managed to fill from afar or going for annual visit).

Instead of investing in Detroit again, I'm thinking about investing in upstate New York and building my portfolio here. It's closer to where I live, there are charming old towns with beautiful old homes (I like fixing them up, doing a lot of cosmetic work, don't mind rougher areas to an extent).

My two main questions are: 

1. Which markets would you recommend upstate for an out of town investor (to find reliable contractor, and a steady stream of tenants), and deals under $120k that might need some work.

Thinking about Binghamton, Elmira, Rochester, Buffalo, Malone, Rome, and very open to other areas (also open to Pennsylvania/Pittsburgh).

2. What are some legal/logistical things that are crucial for a potential investor and landlord to know about investing/owning in New York state that I might have overlooked (or in any of these markets in particular)? Michigan has been straightforward.

Any insights are appreciated, and looking to take a roadtrip around next month and purchase something then if I find the right spot.

Thanks,

Keith