Why should you buy investment property in Niagara Falls, NY? Investing in Niagara Falls can be very profitable. First, There are lots of tenants on section 8. Theses tenants are great because most of their rent is subsidized by the government. You can charge top dollar for your apartments because of this. Secondly, housing values are really low. This is great because it will increase profits. Lastly, when the economy tanks, you will continue to receive section 8 monies.
There are some down sides to investing in Niagara Falls. First, your investment might now appreciate as much as an investment in another city or state. Appreciation is only between 2%-3% a year in niagara falls. Secondly, if you wanted to sell, you might not be able to unload it right away. This market is very slow.
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