Wondering about ARV in the Albany area

[Juan Contreras]

Hi everyone, 

I currently have two properties in Dutchess County but am looking to expand in the capital region. Specifically Albany and Troy. I am just wondering if anyone has tried Brrrrr in that region and what their experiences were with ARV when cash out refinancing. There are some decent two family properties that are in need of rehab but I am just unsure of what the ceiling is as far as what banks will appraise them at. Ideally I would be able to purchase and pull all invested money out but it looks like properties in the area don't go for more than about $150K. Anyone aware if its possible to pull upper $100's or $200k out of a two family? I'm looking at properties in more distressed areas such as 1st, 2nd, and 3rd street if that helps any. If not, does anyone know where I could get this type of info? If this post isn't clear enough please feel free to ask any questions. Thank you