ALBANY / TROY INVESTING

[Charles Carroll]

A little about me..

I am new and extremely motivated to start my portfolio (rental properties, multifamily). I have read and listened to everything, books and podcasts. I live on Long Island but unfortunately the market here is through the roof, which forces me to look elsewhere. I also own a home here with good equity. I would appreciate any advice! Or anyone who wants to talk on the side!

1. What is the thoughts on Troy NY? Which areas within troy do you lean to? Same question for albany. Even though the multifamily building have went up in the last few years it still seems like good deals.

Thanks team!

[Steven Luttman]

@Charles Carroll congrats on getting started. Both areas are very competitive when it comes to multifamily, especially for anything near rent ready condition. Get your financing lined up in advance and make sure you're clear on your goals, because when an opportunity comes on market you'll want to be able to act quickly.