Troy NY and capital region of NY, too good to be true? Thoughts?
I’m new here and to the REI space in general. I’ve been doing a lot of research and it seems like the NY capital region looks like a fantastic cash flow market. Almost too good to be true. I understand that some areas are a bit run down but no more so than other high cap rate or popular cash flow markets.
Does anyone have experience with this market and have some thoughts.
I should mention I went to school at SUNY Albany and have a friend currenlty living in Troy who really likes the area.
I’m working with an agent and if I were to purchase would be working with a property manager as well as a contractor in the area. I’m just looking for an expert opinion. Thanks!!!