Kenhill Properties, Inc. is a New York Based corporation that buys, rehabs, leases and sells Buffalo, NY Real Estate. We specialize in selling quality low cost investment properties that generate huge cash flow each month. Our properties are perfect for anyone who is looking to supplement their income each month. Whether you are a first timer or are a long term investor, Kenhill Properties, Inc. has what you are looking for.

Most of the properties that we auction have already been completely remodeled and leased prior to our sale to investors. A small number of our homes are wholesaled to investors looking to coordinate their own rehabs and screen their own tenants. Only local investors usually attempt to coordinate their own rehabs because this phase is usually “hands on”. We have built a solid reputation as the leader in quality housing for tenants and investors alike.

Due to our long standing contacts and our ability to effectively remodel properties we are able to pass a significant amount of savings to our clients resulting in a remodeled house with better than average tenants. The process is simple. We carefully select properties for purchase after our thorough review process (about 10% of the houses we inspect end up getting purchased by us meaning we deceide not to purchase 90% of the houses we walk through.) After purchase, we send in our own professional construction crew who will assess and submit the “rehab plan” for approval. Once I have approved the plan the property will be professionally rehabbed before the final step of screening for a 5 star tenant will take place. After the tenant has been placed the property will be placed in our general inventory and will ultimately be resold.

Our recipe is a proven success thanks to the infrastructure and support staff we have set in place. An average investor would spend 10's of thousands of dollars more to achieve what we do day in and day out on our rehabbed properties.

The two most common questions people ask are:

#1 If you are getting such good cash flow each month why are you selling the property?

#2. How are these properties so inexpensive?

At any one time we own 15-20 rented units. As we sell off three or four of them, we will then go repurchase three or four more properties and we will then restart our cycle of buying, fixing, leasing, and ultimately reselling all over again. We never “fall in love” with any one particular property. This is a business of buying, rehabbing, leasing, and reselling of properties. I must admit though that the $13,000-$14,000 in monthly rental income is a great benefit to this business and is why we are only looking to sell off a few properties at a time so that we could replenish our supply without suffering the income loss of too small of an inventory.

The second question is usually asked by people on the west coast who have seen their own home triple in the last 5 years. One thing to remember is that Buffalo is an old blue collar city where incomes are substantially lower and the rate of appreciation is approx 6% per year for the last 10 years instead of big 40%-50% spikes every couple years. We do not sell appreciation or speculation. We sell CASH FLOW. Common sense dictates that a housing market this low in an area with 1 million people is bound to see a greater turn around. With plans for a multi billion dollar waterfront development and a Casino expected to break ground in 2006, Buffalo has great plans and a huge potential for faster growth. This would of course be the icing on the cake after years of being a strictly cash flow area. Approx 30% of the people in the city are renters, making for a “landlords paradise.” With such a high number of renters you can imagine that there is also a high number of “slumlords” so when you have a nice house rehabbed in a good area you will usually generate 20 or so leads for rental. Our rehab efforts are reflected in our less than 5% vacancy rate we maintain.

We are selling quality “high cash flow” properties. Other competors are selling houses for 10-20k that I would not even take free of charge because they are in the worst neighborhoods and are unfixable due to the extent of the repairs required. Some competitors actually admit that they are selling a house that they have never actually seen in person. WE WOULD NEVER SELL A HOUSE THAT WE HAVE NOT PERSONALLY EVALUATED. You could purchase one of those properties miss 6 month of rent, spend another 50k remodeling the house. 60k and 6 months later you learn a very hard lesson. “Just because something is very cheap, does not mean it's a great deal”

Kenhill Properties, Inc.