I find myself in Albany next week for work and will likely be going more often going forward. It has been an area I am interested in investing for a while also-Albany Saratoga Springs, Troy etc. Not too familiar with market dynamics in that area but would love to learn more. Looking to connect with a top notch agent who also invests themselves.
My (unsolicited) general philosophy is to wait to buy anything until you can confidently say you are one of the top 5 experts in the world at any specific zip code. THat's easier to do than you might think: there are 42,000 zip codes, so there are a few hundred thousand people who are "top 5" at any given zip code.
Hats off to you for starting to connect with an agent, but I'd wait to buy anything for at least 6-12 months as you build market familiarity!
My (unsolicited) general philosophy is to wait to buy anything until you can confidently say you are one of the top 5 experts in the world at any specific zip code. THat's easier to do than you might think: there are 42,000 zip codes, so there are a few hundred thousand people who are "top 5" at any given zip code.
Hats off to you for starting to connect with an agent, but I'd wait to buy anything for at least 6-12 months as you build market familiarity!
Agree Sean, I'm in the early stages/data gathering but I do have a business interest in the area now so I'll be there more over the next few months. I expect by Summer I'll be ready to invest if it makes sense!
Agree Sean, I'm in the early stages/data gathering but I do have a business interest in the area now so I'll be there more over the next few months. I expect by Summer I'll be ready to invest if it makes sense!
I find myself in Albany next week for work and will likely be going more often going forward. It has been an area I am interested in investing for a while also-Albany Saratoga Springs, Troy etc. Not too familiar with market dynamics in that area but would love to learn more. Looking to connect with a top notch agent who also invests themselves.
Recommendations welcome-thanks in advance!
Hi Denis, I agree with @sean - get to know the market.
Also - I saw @Nate Monson replied here. I’ve found him to be a valuable resource. He invests himself, specializes in investment properties and has a great pulse in the local real estate market. Highly recommend you connect with him if you haven't already.