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Updated over 1 year ago on . Most recent reply

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17
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6
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A.L. DeFalco
6
Votes |
17
Posts

Aspiring NYC investor looking at property in Albany. Any tips for this property?

A.L. DeFalco
Posted

Hi all, I am an aspiring investor from NYC not yet ready to pull the plug on an investment property but hopefully soon! I'm looking around Albany to see what my money can afford there. As far as cities go, I like it and I feel it's undervalued for what it is.

Can anyone take a look at this house and let me know what you think? This is of course purely hypothetical as I am not ready to buy. If you were on the market for a house, would this one raise any red flags for you? What jumps out at you as some good things about this house? And what about the bad? https://www.trulia.com/p/ny/albany/128-lark-st-albany-ny-122...

Thank you to all.

Most Popular Reply

User Stats

158
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90
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Steven Luttman
  • Rental Property Investor
  • Saratoga Springs, NY
90
Votes |
158
Posts
Steven Luttman
  • Rental Property Investor
  • Saratoga Springs, NY
Replied

Lark St is an affordable area, however the property does have red flags. No interior photos is a concern, and the fact it's been on makret for the better part of tree years without a buyer points to it being a significant project to take on. As a first time investor who lives out of the area, perhaps there are more appealing alternatives.

Best of luck, -Steve

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