Investing in Albany, New York....

[William Weaver]

I was looking to see if anyone on here have invested into the Albany New York market.

I was speaking to some realtors about some multi families and using a property manger because I live in nyc. Any pros or cons about this area that I should know about? Is there anyone on here that has been pretty successful in Albany? Thank you

[Nate Monson]

@William Weaver pros of the Albany market are stability because of major industries. Two major universities, Albany medical center, and several state buildings. If your looking at a map, generally the "better" areas in town are south of Western Ave. Between Western and Washington you can still find profitable rentals, but the tenant quality decreases the farther north you go. 

Cons, you probably won't capture much appreciation here, not too much not worthy goes on around here. Most major news is only local stories. 

If your looking to build a steady income driven portfolio I believe Albany is a great option