All Forum Posts by: Colin Young

I’m looking to buy a 2 family in Schenectady NY that is in fair condition, 203k it to good condition, and owner occupy it while renting the bottom floor for a year or two then hold onto it and rent both units. This area is historically not the nicest (in fact there are some ghetto areas) but a lot of money is being put back in throughout the area and his has brought serious investors back. It’s on the up and up. To give you an idea almost 2-families are as low as 60k-80k. Any advice for someone like me who is getting his feet wet with real estate investing in this way?

I’m looking to buy a 2 family in Schenectady NY that is in fair condition, 203k it to good condition, and owner occupy it while renting the bottom floor for a year or two then hold onto it and rent both units. This area is historically not the nicest (in fact there are some ghetto areas) but a lot of money is being put back in throughout the area and his has brought serious investors back. It’s on the up and up. To give you an idea almost 2-families are as low as 60k-80k. Any advice for someone like me who is getting his feet wet with real estate investing in this way?