All Forum Posts by: Christine B.

This is a flavorful post. I went to visit Charlotte area. I like the market in the Indian land, fort mill, Gastonia area. 

Hey guys I’m also a fellow Troy investor. I’ve been doing well. I’m wondering how you folks are doing ? 

@Larry Brown just googled them looks like they have some angry reviews on yelp

@Ronald Starusnak hi. Looking into Syracuse. I was wondering how the market is treating you and if you have any resources your open to share.

Ken

I'm using a HELOC to invest. What are the pros and cons? More importantly the rates are not fixed what are some strategies that I can use to manage paying it down ?!

The home I got is a 2 unit (2bd 1bath) +(1bd 1bath) in the downtown Albany area few blocks from the state buildings for about $90k after closing cost. I bought it with tenant occupied who were paying under market value, currently they’re paying $775 each unit and going rates are $800+. Potential could be as high as $950. Cashflow is pretty minimal for now but i have a month to month lease with our tenants and can raise it whenever I feel with decent notice.

I’m not using property management right now. The previous owners didn’t have property managers either. I do have a handy man in the area if need be. Strategically I chose this home because it was renovated to the studs about 4 years ago so it’s in good shape we are shopping around for property managers although.

I had a realtor who was diligent enough to give us a drive around the town showing us the hot spots and bad spots. Albany and St Rose college are their nucleus. 

I’m a budding investor living in NYC. I choose ALbany as my first rental investment on a two family unit. It’s not the best market area but it is also not the worst. I’m interested in some feedback and networking regarding my endeavor.