Hudson Valley market

[Nathan J.]

Hi all

Does anyone have experience of multifamily buy and hold in the hudson valley area. Say from Beacon/Newburgh up to Saugerties. Would welcome thoughts on capital appreciation, cashflow and prospects for growth in the area

[Jonathan Twombly]

Have any of you looked at Albany or Troy?  It's a bit further up the river, but still within 3 hours of New York City.  I know a number of people who really like investing in Troy because of the low price points.

I spent a lot of time looking at Albany a number of years ago.  It has a lot going for it, namely, the state capital, which is never going anywhere, as well as SUNY, which is similarly permanent.  It's also a healthcare hub for the surrounding areas.  I don't think that it is ever going to "pop" as some people say, but it is a good buy and hold area because of the stability of the main employers, which you will be able to predict.  A well-located property should stay occupied there.