Question: Albany Investors who Have Ventured to Surrounding Areas

Question: Albany Investors who Have Ventured to Surrounding Areas

Rental Property Investor 路 Upstate, NY 路 Member since 2021 路 110 posts 路 66 votes

Good afternoon bigger pockets forums,

I'm managing properties and investments of my own and others mainly in the Albany, NY area. I've been asked several times why I work in Albany, New York, and why I choose it to invest in. My answer isn't typically what people expect, in that the reason I do is simply (and mostly) because I'm extremely familiar with the area. Though some other places might be better investments right now, I prefer to work in the area I know like the back of my hand. 

For anyone who has experience with investments in the Albany area, and have ventured out or experiences other local towns, what have you noticed when comparing Albany, NY to places like Cohoes, Schenectady, Troy, Niskayuna, Hudson, and other surrounding areas. Do you find any other places right now are better to explore in your opinion?

I'm very interested to hear about it! Happy Tuesday!  

Wesley

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  • Investor 路 Hopewell Jct NY 路 Member since 2018 路 5 posts 路 1 vote
    4y

    Wesley- I鈥檓 also interested in Schenectady.  I have experience in Poughkeepsie, for basically the same reasons as yourself鈥攂ecause I鈥檓 very familiar with it. Let me know if you鈥檇 like to start a dialogue. 

  • Rental Property Investor 路 Upstate, NY 路 Member since 2021 路 110 posts 路 66 votes
    4y
    Originally posted by @Jim DeVico:

    Wesley- I鈥檓 also interested in Schenectady.  I have experience in Poughkeepsie, for basically the same reasons as yourself鈥攂ecause I鈥檓 very familiar with it. Let me know if you鈥檇 like to start a dialogue. 

    Hey Jim 馃彔 Thanks for reaching out. I would certainly like to start a dialogue.

    If you have time for a call DM me and I鈥檒l send you my number and we can schmooze! 

  • Real Estate Agent 路 Adirondacks, NY 路 Member since 2018 路 53 posts 路 16 votes
    4y

    Hi Wesley,

    I'm a bit up farther north in Lake Placid/Saranac Lake area, & the rental market (both LTR & STR) is still doing strong. If you're interested in chatting further, feel free to shoot me a message.

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