# To those looking for income properties...

**URL:** <https://forums.speedlife.net/t/to-those-looking-for-income-properties/227999>\
**Category:** NYSpeed Off Topic\
**Created:** [January 4, 2013, 6:45am UTC](https://forums.speedlife.net/t/to-those-looking-for-income-properties/227999 "2013-01-04T06:45:30Z")\
**Posts on this page:** 2\
**Page:** 5

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**Author:** ![91MR2](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/91mr2/32/7217_2.png) [@91MR2](https://forums.speedlife.net/u/91MR2)\
**Post date:** [April 26, 2013, 8:12pm UTC](https://forums.speedlife.net/t/to-those-looking-for-income-properties/227999/81 "2013-04-26T20:12:18Z")

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> [@cougarspeed](#):
>
> That house is right next to a house that I own. I wanted it in the worst way just for the ease of rent in the area and for simplicity on my end having multiple houses on one street.
> 
> I made an 85k CASH offer and was shot down hard. I think it went for 115-120. This place needed a terrible amount of work inside and out. In all honesty I don’t see myself buying much more if anything in North Buffalo for awhile. Due to other investments that are doing great and far more liquid and poor cashflow due to crazy prices the last few years I am shifting gears. Wish I jumped into the west side a few years back as I know some people killing it over there in the up and coming areas. But I am weary of real estate that will take up too much of my time as it isn’t my primary means of income and last thing I want is all my days off to be dealing with it.
> 
> That said even though it hurts me as an investor I am glad to see so many people making good long term financial choices and investing in Buffalo.

I agree with a lot of what you’re saying, although the real estate is where I have shifted myself and want to stay. I like the idea of being an actual part of investing in this city, as I want to see it turn around in the worst way…I believe a lot of great things are happening here, and being a property owner certainly keeps your interest vested…

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**Author:** ![slo\_ride](https://avatars.discourse-cdn.com/v4/letter/s/49beb7/32.png) [@slo\_ride](https://forums.speedlife.net/u/slo_ride)\
**Post date:** [April 26, 2013, 8:43pm UTC](https://forums.speedlife.net/t/to-those-looking-for-income-properties/227999/82 "2013-04-26T20:43:36Z")

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> [@MOBOOST4U](#):
>
> Yeah, all good stuff man, appreciate the helpful insight rather than asserting what you think is going to happen. What do you do if you dont mind me asking lol?

my wife owns her own appraisal business, which i lend a hand with. we also used to do some property flipping then moved on to buying rental properties. over the past several years we have bought and sold several properties for ourselves or investment purposes. but i would say our biggest educational experience was our brief brush with the government. after that we made sure to be very cautious and make sure all the loose strings were taken care of.

when they visited they knew all of our property purchases and sales- which is public knowledge- but they had clearly taken the time to put it all together. it was just kind of a wake up call to keep an eye on everything because it isn’t that hard for someone with a little effort and determination to put together a reasonably complete picture of your real estate dealings.

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