@Account Closed What a great thread you've started. Thanks for your help.
I'm in the mid Hudson valley but I travel weekly to the lake george area. I have been contracting for the past 6 years all over southern New York CT and NJ, and my family has also done so for the past 30 years. In terms of investing, we built a spec home at the peak of the RE bubble and ended up not being able to move the inventory after it burst, until fairly recently. We were however, able to rent it out and we didn't take much of a loss on the process. It was a great learning experience. That being said, I'm planning to form a new LLC this year and begin flipping. The numbers are obviously different than a hack, but a lot of the principals are the same. I would love to talk to you more about the markets that you're in and even more diversification in my investment choices. My ultimate goal is a lot like yours, i want to be able to make a difference in the communities that I invest in. I should also note that I have developed some good relationships with several private lenders and I may have unique access to funding on multiple scales. What I am lacking is insight into the local markets. How do I find what type of homes are selling? How do I find the right realtor who is on the pulse of market values after rehab? I'd also love to hear more about clifton park and Saratoga from your perspective. .
