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General Real Estate Investing

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Zack Reyes
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Albany Market insight

Zack Reyes
Posted Jan 9 2024, 16:48

Hello BP community!

My name is Zack, I’m a newbie RE investor, still learning/researching and looking for my first investment property. I’m on the hunt for a Duplex that I could House Hack or fully rent out.

I live on Long Island, and finding a multifamily for a good price is it a bit challenging because of competition (still haven’t given up searching there). Which has lead me to keep an open mind to investing closer upstate, more because the market is ore affordable and I’d be able to get into a 2nd property sooner rather than later.

I’ve read on a post that the Market there is always stable. Houses don’t appreciate much but you could make great cashflow on rentals. But this was a post from 3 years ago on BP.

I know the houses are old and it’d be student rentals which posses risk. But I see a TON of Multifamilies for sale at affordable prices over there. which is making me consider taking chance on it.  now my question is...

Is the fact that there are a lot of Multifamilies for sale in Albany a bad sign?

Would anyone have any insight/experience on investing in Albany?

hope you guys are having a wonderful 2024 so far!

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Replied Jan 10 2024, 03:15

Also live on Long Island and planning to invest in Albany and wondering the same 

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Giovanni Lisi
  • Real Estate Agent
  • Albany, NY
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Giovanni Lisi
  • Real Estate Agent
  • Albany, NY
Replied Jan 10 2024, 06:05

Hey Zack & Ben! I am from Albany and started investing here 3.5 years ago. Today I own over 60 rental units here in the Capital Region. I'd love to be able to connect and give you both insight on the market. I've also been a Real Estate agent here in the Capital Region for the last 8 years specializing in multi family sales. 

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