All Forum Posts by: Calvin Thomas

Thanks, but looking for info on Menands NY & Colonie NY, not properties in Troy or Cohoes.

I am looking to expand outside of downtown Albany, and two of my brokers recommended to look into Menands NY & Colonie NY.  I wanted to get the tone from the people here @ BiggerPockets.  I know real estate values have gone up quite a bit in Colonie.  However, in Menands, there is some additional room to grow.  Plus, there seems to be stable rents and decent tenants.

Can others give me their take?  Much appreciated.

Check your email.

Anyone have any recommendations on banks/mortgage brokers to reach out to in the New York area?

There are many properties, so mortgaging all of them one by one would be a long process.  Anyone know of a good NY mortgage broker who can assist?

I am looking at a large complex to purchase in NY, however, I am unsure on the best way to purchase.  It's about 3m, and a 20% deposit (or more, rather place less) would be in my current assets.  I have several multi-family homes owned outright.  Is there anyway to use the equity in my current buildings for downpayment?  If not, what is the best way to acquire said property?  The CF is nearly 750k a year, so the complex will pay for itself.  Never gone through the mortgage process, as I've always paid cash.  

Ideas?  Suggestions on how to proceed?

Interesting on the 40.00 inspection fee.  Wonder how many people actually pay it though.  One would think they'd be tough to enforce.  I already have a PM company in the Capital District.  This is not an issue.

Are there specific areas in Cohoes to look at?  Or should it be avoided all together?

Looking at some properties in Cohoes, NY.  I am very familiar with Albany, but looking to expand.   Can someone give me some insight for multi-families in Cohoes?  

I assume you only work in CA?