All Forum Posts by: Raylan Willis

hi @Julien Walthour, I actually am curious about Rochester and have spoken to another bp member and they seem like they’re doing well. Any chance you could Pm me and fill me in on what deals look like in Rochester? 

Thanks!

@Account Closed thanks for the welcoming. Making great connects here on BP just in the few weeks I’ve been on. It’s turning winter here and my wife and I are dreaming about even further south, Baja... 

I’ll look into the KW meet ups, thanks for the tip

@Account Closed thanks for the great insight on short terms in the buffalo area. I look forward to discussing my property in Allentown with you tomorrow 

Raylan

@Account Closed I'm curious how Buffalo is doing in the short term market place. I've only experienced managing an Airbnb rental in San Francisco with of course great success. I'm wondering what neighborhoods your'e able to do well in and if you think Buffalo has a chance at owners doing well with short term rentals with the new medical campus up and running. 

Hi @James Canoy. Happy to talk shop. Don’t know much about Rochester yet, I have a good grasp for the city of buffalo so ask away. 

@Jody Schnurrenberger a deals a deal, I don’t think anyone will judge :)

Thanks for the welcoming!

Thanks for the warm welcome @Mike Cumbie

If you're going to go the traditional route of buying a double and living in the lower unit and renting the upper I'd have to agree with @John W. that you won't cash flow. The one way around it would be to live near UB south campus or Buff State and to rent to students in the upper on a per person basis. A 3 bed will traditionally only bring you in around $1k, likely less. If you were to do per room @ $400 you see another $200 per unit (minus built in utilities). If you were to go further and rent out the other 2 rooms in YOUR unit, now you're in the money. It depends on how uncomfortable you're willing to be. Team this with mixing and matching in Airbnb in your unit would also be an option, but your unit would need to be nicely furnished. My 2 cents. 

@Thomas Poloncarz Jr What area in Buffalo are you looking to invest/live in? 

Check out Five Star bank in Buffalo. A few friends have recently used them and have been pleasantly surprised by 3% down, no closings costs and they've been doubles in the city. I spoke with the regional manager and he said that their niche are these smaller multi families. 

Thanks for the heads up Claude. Does that group focus on CA or are there investors also investing in the US?