Albany Market insight

[Zack Reyes]

Hello BP community!

My name is Zack, I’m a newbie RE investor, still learning/researching and looking for my first investment property. I’m on the hunt for a Duplex that I could House Hack or fully rent out.

I live on Long Island, and finding a multifamily for a good price is it a bit challenging because of competition (still haven’t given up searching there). Which has lead me to keep an open mind to investing closer upstate, more because the market is ore affordable and I’d be able to get into a 2nd property sooner rather than later.

I’ve read on a post that the Market there is always stable. Houses don’t appreciate much but you could make great cashflow on rentals. But this was a post from 3 years ago on BP.

I know the houses are old and it’d be student rentals which posses risk. But I see a TON of Multifamilies for sale at affordable prices over there. which is making me consider taking chance on it.  now my question is...

Is the fact that there are a lot of Multifamilies for sale in Albany a bad sign?

Would anyone have any insight/experience on investing in Albany?

hope you guys are having a wonderful 2024 so far!