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Updated 10 months ago on . Most recent reply

User Stats

14
Posts
13
Votes
Denis Vaughan
  • Boston
13
Votes |
14
Posts

Single and Multifamily investing near Albany NY

Denis Vaughan
  • Boston
Posted

Hi all,

I find myself in Albany next week for work and will likely be going more often going forward. It has been an area I am interested in investing for a while also-Albany Saratoga Springs, Troy etc. 
Not too familiar with market dynamics in that area but would love to learn more. Looking to connect with a top notch agent who also invests themselves. 

Recommendations welcome-thanks in advance! 

  • Denis Vaughan
  • Most Popular Reply

    User Stats

    29
    Posts
    15
    Votes
    Sean O'Dowd
    • Investor
    • Chicago Suburbs
    15
    Votes |
    29
    Posts
    Sean O'Dowd
    • Investor
    • Chicago Suburbs
    Replied

    Hi Denis!

    My (unsolicited) general philosophy is to wait to buy anything until you can confidently say you are one of the top 5 experts in the world at any specific zip code. THat's easier to do than you might think: there are 42,000 zip codes, so there are a few hundred thousand people who are "top 5" at any given zip code.

    Hats off to you for starting to connect with an agent, but I'd wait to buy anything for at least 6-12 months as you build market familiarity!


    Wishing you all the best! 

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