All Forum Posts by: Stephanie LiVecchi

Hmm. That’s a view that will help you pass over a unicorn of a market where properties are cheap and a 10-cap is standard. 

The mix of Bing being historically economically depressed while now having a growing university is what makes it such a great place to invest. Rents have been climbing with no end in sight, while property values remain stagnant. That’s exactly the kind of place you want to buy if your priority is cashflow. 

The one issue with Bing at the moment is that there’s a bit of upheaval going in around where the students can actually live. The city is mulling over a proposal that could limit how many unrelated occupants can live in certain areas, so at the moment student housing is at a bit of a standstill. I’d still strongly consider it, though- I recommend keeping your eye on the market and connecting with some locals who can give you the lay of the land.  

I'd be careful with Binghamton- don't have the exact stats on me currently, but Binghamton is not a nice place & has been progressively getting worse over the years. I actually was just watching a video that said Binghamton was the worst place to live in NY. It's also kind of in the middle of nowhere and the only thing out there is SUNY Bing.

Please see the below link to Binghamton's crime stats. According to this site, Bing is only safer than 4% of U.S Cities. If you are looking for class A or B props, this is not the place.

Binghamton Crime Rates and Statistics - NeighborhoodScout

I'm from the Troy, Albany, Schenectady area & i think it adds a lot more value & there is a lot more opportunity in this area job wise & just in general more to do. There's also a wide variety of A-D properties, so you can find something depending on what exactly you are looking for.

I guess the main point i am trying to make, is don't just jump to the first spot with low prices because you are priced out of NYC, sometimes there's reasons as to why these towns are priced extremely low, so just some food for thought.

If you have any questions about the capital region area, let me know! I am not an agent, lawyer, or lender so have nothing to gain from giving any additional insight.

@Stephanie LiVecchi where is your fathers construction company located?

Hello , i live in the hudson valley regions. I want to invest in properties in the new burgh area. Since your father does construction i think maybe see if we can do something since i am looking for a reliable contractor. I want to do fix and flips or rent. If you want to connect just message me !