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buying rental units

im wondering with UB 2020 coming closer is it pratical to think of buying multi family homes. i already own one 4 unit. but with the latest population in buffalo and no jobs is this a good idea maybe to soon. im just woundering what other people are thinking will this boost rentals or no if so what areas if not all of buffalo
  • April 09 2011 - Buffalo
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Answers (2)

Im quite sure many areas will benefit from it,if your plan is to buy now planning for 2020, make sure it cash flows from day one and not on future events
  • April 15 2011
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Hi mimcman225.  The decision of whether or not to purchase additional rental properties has many variables.  While I am not familiar with your specific market, as an agent and fellow investor, much of it comes down to goals.  IE: cash flow?  Long term hold? Short term hold? etc.  As a landlord, you already know that vacancies are not always easy to fill, and unexpected repairs are always expected. If the numbers make sense, go for it.

- Robert Greenblatt
  • April 11 2011
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