Start Thinking like an Investor!
Real Estate Investment is a Business
Being a successful Real Estate investor in WNY (or anywhere for that matter) takes a lot of hard work. You cannot achieve it by just showing up, with little money or effort.
I got a call from a potential WNY investor the other day from Texas. They heard from a friend of a friend that they could make buckets of money investing in rental property in the city of Buffalo by the college. They wanted to purchase a $10,000 home that nets them $500 a month after expenses. They wanted me to provide them detailed analysis on all the homes available. I get calls all the time from people with hopes of making lots of money with little effort or financial investment on their part.
Shortcuts will cost you money in the end
Do I need to say any more? Real Estate investment in Western New York is part of the success plan. We need visionaries and those willing to do the hard work for Buffalo and Niagara Falls to turn the economic situation around. That means that you will need to do some serious homework before you start investing in WNY Real Estate.
Make huge profits in WNY easily
Not sure where they got the idea that it is easy to make buckets of money here in Western New York by purchasing rental property here. But I have to tell you it is just not so by purchasing a $10,000 rental property. I just need to introduce you to the several investors that want out of their WNY investment properties and their homes were purchased for far more.
Are there great opportunity for tremendous return on investment in WNY? Positive Cash flow? Absolutely. Doing it with little capital and/or effort? NO!
If you are in California, Arizona, or even Europe with visions of making lots of money and all you have is $10,000 to invest, you will be so much better off not coming here. In fact, we don't want you, we have enough of those types of investors that are creating a huge problem here.
Now if you live in Western New York, willing to do the hard work yourself or you have more money to initially invest the Buffalo Niagara Real Estate market is full of great opportunities. Those opportunities take great research and you need to be working with a Real Estate professional that will tell you like it is. If you are not in the area, it means having an incredible Property Manager working with you as well. Good Property Managers do not come cheap.
I would like to be that Western New York professional that you call. Call me today to set up a time to discuss your real estate goals and how I can assist you in achieving them. Have investment property that you want to sell? Call me.