investing in smaller cities/towns in upstate new york

[Kevin Marcucio]

i hear alot about albany, schenectady, troy, and saratoga new york.  but what about the smaller cities around that area like amsterdam, johnstown, gloversville and fonda new york?  Are they good areas to invest in ?  what are the pros and cons of these areas?  what strategies work well in these areas?  i live in this area and want to learn as much as possible.  where can I find the best of the best deals?

[Joshua Lupo]

Hi @Kevin Marcucio. I think Albany, Schenectady, Troy get a lot of attention because they are more centrally located and bigger markets. That being said, I have family in Gloversville and often analyze deals out there. The local economies in Fulton/montgomery county have a ways to go and still high poverty and crime rates. There are not as many "economic engines" or development happening however there are absolutely still deals to be had. As someone who lives and invests in Troy, I can tell you that the inflated prices here do make your location somewhat appealing from an ROI perspective. If you are living out that way I would suggest driving and analyzing deals and I am confident you can find something that will work well.