Focused on Quality Real Estate Investments
NOBLEHOUSE Property Group Inc. was formed as a result of the initial successful start up of Gems Properties of WNY Inc. In 2012. A natural combined skill set match of property management, construction, corporate investment discipline and marketing brought two old friends together to realize their dreams of a prosperous and secure retirement in this venture.
OUR MISSION: INSPIRE EDUCATE & LEAD INVESTORS
To invest in affordable safe rental properties in communities such as Western New York that we would feel free walking the streets of and at one point throughout our lives be happy living in. Secondly, create an investment opportunity for NOBLEHOUSE and it’s investors to achieve excellent financial returns to realize our dreams of time and financial freedom!
Western New York, the western most region of the state of New York, includes the cities of Buffalo, Rochester, Niagara Falls, Tonawanda, Lackawanna and the surrounding suburbs, as well as the outlying rural areas of the Great Lakes lowlands, the Genesee Valley, and the Southern Tier.
Below please find some of the main reasons NobleHouse is investing confidently in Western New York.
Opportunities in Buffalo
Western New York is enjoying a strong revival of its’ economy thanks to the efforts of government and the private sector. In 2012, Rochester’s population grew to 1,082,284 versus 2010 data according to U.S. Census. Buffalo after many years where the young and talented left for better job prospects elsewhere, now is experiencing the return of its young people to join in its economic revival.
Buffalo and Rochester remain the second and third most populous cities in the state of New York.
In January 2015, the Buffalo Niagara region experienced an unemployment rate that fell to 6.7% from a year earlier of 7.5%. This represents the 28th straight month of year-over-year declines and is the lowest since January 2008.
Cash Flow and Rental Market
Cash flow (the amount of cash/rent coming in relative to the amount/expenses going out) is one of the most important considerations investors face when making real estate purchases. Rochester and Buffalo consistently ranked in Nu Wire’s Top 10 Cash Flow Markets in the U.S. in 2013. Rochester came out again as number one on the list.
According to the past president of the Niagara Landlord Association, the number of renters in Niagara Falls may reach as high as 70% of the population. Rochester and Buffalo are estimated at 70% and 66% rentals respectively. Renting is a way of life in Western New York, which is great for landlords.