All Forum Posts by: Fred Weinkauff

I can help you I am local.

Hi Gabe I am a local investor/contractor in the Albany area with a full network in place realtors etc. 

PM me and I will send you phone #.

sold months ago

Those contracts are written not for investors

have to read the contract on the city owned multis as to what they make you agree to.

They  always have the right to take back the property if you violate The contract. Would they do it? Most likely not. But you would have to check to see how long that reverter clause is in effect. If they sign off after the CO then they won’t come after the property. But if they won’t give full title until 5 yrs I wouldn’t invest my money that way.

If they want it owner occupied then you will be moving from Ballston Spa to a questionable neighborhood in Schenectady for 5 yrs.

Hi Josh, generally cities sell their city owned properties with what is known as a reverter clause. Which states that you must fix the property up and get a CO before they sign off and you actually own the property free and clear. If you were to buy it and immediately try and sell it it would stil have that clause attached to it. Time limit is usually 1 yr.

I have quite a few flat sloped roofs in the Capitol District/Troy and I also do not shovel them off. I do have one that I do remove the snow from and prefer to do it myself. The problem is you must use a plastic shovel so as not to tear or gouge the roof. Typically the scupper drains on the roof need to be maintained so they drain correctly. As far as insulating value if the only thing that is providing insulation in your house is snow, then you need to put insulation in the attic/crawl space. The only time you might need to have the snow removed is if the snow builds up about 3’ or more that is a lot of weight to leave up there. But most of these houses have been constructed to carry that weight.