Upstate NY Rental property investment

[hmtklein]

I think when deciding weither to rent or buy it comes down to not having a downpayment and decent credit. I currently work for a developer in Saratoga County, our company focuses mainly on buying commercial buildings in Albany and Rochester. Personally with all the grow anticipated in Saratoga County I think a smart investor would come here. Taxes are decent when compared to further downstate - lots of technology businesses are moving to the area. We have lots of Navy renters. I recently sold my home on the first showing in Ballston Spa. New restaurants are always opening in the village and area seems to be on the upswing. Come check out Saratoga County you won't be disappointed.

[cardboy2454]

hey good thinking, spend your hard earned money on illiquid real estate that makes you a captive taxpayer to the corrupt albany political machine that has no duties but to raise taxes every year because of decades of incompetence. have no rights as an owner but be expected to cough up fees and taxes at a moments notice. one year we had a 42 percent property tax increase but the next year they only raised them 13 percent. they were so nice to us. my other buddy went to rent an apartment he owns and got 42 calls from 42 unwed teenage mothers. but you get right up here because we need that nyc money to pay our taxes when you take possession of your new investment properties. in fact there are a lot of opportunities right now because the last wave of nyc investors are being foreclosed on right now. hurry, hurry hurry, sale ends at midnight may 31st.