PROPERTIES WITH NO APPRECIATION??

[dwj469]

Hey thoward just an fyi. Fortune rated buffalo as the number 3 for highest appreciation in the northeast and #14 overall nationwide for the year 2007. Go for it.... Dont listen to the doubters, if you can make the money do it! Get the cashflow you know the market.

[rookieNYC]

dwj,
  You speak so matter of factly ..Fact is there are much better areas than Buffalo in Upstate NY to invest..Much better..

[dwj469]

Of course there is and there are better places than new york to invest also. Each must figure out what is best for him/her and what or how far they want to go.. Good luck with your investing..Thoward happens to live in buffalo and is interested in investing there. There is good reason for him to do so.

[Thoward]

I'm honestly suprised it rated so high. I've seen numerous appraisals within the city that state the property values in the area are depreciating. But, as you said DWJ,

Dont listen to the doubters, if you can make the money do it! Get the cashflow you know the market.

IMHO any market can work, its just a matter of "tweaking" your numbers to fit the situation. You may have to buy at a lower price then usual, or look for properties that don't need as much rehab work, but at the end of the day your cash flow should match your desired projections or its not a deal....now if only i can convince some lenders to think the same way