HI EVERYONE
Everyone should be careful with investing upstate NY as there has been a huge initiative to penalize landlords over lead paint…Rochester,Binghamton,Syracuse,Buffalo,Albany,Troy etc has been hard hit recently over this issue…Many landlords have been mauled with huge repair bills because of this lead paint issue…Most of the time the entire house has to get new windows because its sometimes cheaper to simply rip the windows out than to scrap and remove and repaint…Never mind the high property taxes and water bills and the subpar tenant pool…These properties appear to be great cashflow properties but once you factor in the water bills,property taxes,vacancy,maintenance,mortgage,homeowners insurance,property management,fines from the city an owner will quickly realize they are a nightmare to own…Be careful with Upstate NY, I know from experience…