albany ny investment property: Monday Morning Mojo with Kevin - 03/21/11 01:59 AM

"Your time is limited, so don't waste it living someone else's life. Don't be trapped by dogma - which is living with the results of other people's thinking. Don't let the noise of other's opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary"- Steve Jobs
"Friendship requires more time than poor busy men can usually command"- Ralph Waldo Emerson
Happy Monday.  I hope you had an opportunity to spend some time outside enjoying this weekend's … (0 comments)

albany ny investment property: Albany NY four unit rental for sale! Money maker from day one! - 06/30/09 01:44 PM

albany ny investment property: Albany NY Rental property for sale - 04/21/09 02:44 PM

albany ny investment property: Figuring Returns on Albany NY Real Estate Investment Property - 04/12/09 04:28 AM
Correctly analyzing a potential income property does not have to be hard. Proper analyis only requires some simply information that includes the purchase price, down payment amount, mortgage interest rate, mortgage term (most likely 30 years), estimated yearly rental income, and estimated operating expenses (insurances, taxes, water/sewer,etc) Once you have this info your returns can be calculated fairly easily. I have a property investment analyzer that will figure your Gross rent multiplier, cap rate, etc but all you really need to know is what you cash on cash return is. If you need help analyzing an investment let me know I … (0 comments)

albany ny investment property: Albany NY Realtors Should Follow California's Lead - 03/27/09 02:07 AM
I do a considerable amount of business with investment properties in the Albany area. Investment properties take more time and effort in my opinion for many reasons.  This is due in part to the many, additional zoning, rental, code, and financial aspects of the business an agent must learn.  It is also because of simple things like dealing with tenants that don't want a new landlord. Showings are generally a hassle as most tenants do not like to be bothered with showings and often don't return calls. However, its part of the business. 
Recently ,I had a conversation with one of many California investors … (0 comments)

albany ny investment property: Use the power of Leverage when buying Albany NY Rental Property - 03/18/09 03:14 PM
I work with investors often and list and sell investment property all the time. I will often run ads indicating 25% cash on cash return, etc. I always get calls or emails asking me how I figured the return. Often I am told my numbers are wrong. 
I always figure the cash on cash return using the power of leverage with typical financing terms. Cash on cash return is the number one measure of investments most investors should be looking at in my opinion. Its not cap rate, its not Gross rent Multipliers, its the same measure Warren Buffet likes to … (0 comments)

albany ny investment property: If you own Albany NY College Rentals be sure to check on them during the winter break - 01/02/09 03:14 PM
I had an investor experience yesterday that I thought might serve as a good reminder to any student tenant landlords. I received a call New Year's day from a downstate investor while I was watching the  Siena Saints defeat Fairfield at the Times Union center. My investor owns about 20 units rented to SUNY and St Rose students.   Just about all of his tenants are home on break. However, one of his tenants stopped by his apartment on New Years day to find the heat off. For whatever reason, both boilers had shut off and the pipes were rapidly freezing.  A heating … (0 comments)

albany ny investment property: Albany NY Investment property just listed! $84,900 - 12/25/08 07:13 AM
Albany remodeled two family just listed and ready to go. Remodeled kitchens, bathrooms, new boilers. Fully rented. $800 upstairs and $600 downstairs. 25-30% cash on cash possible if managed and financed correctly. If you are looking to get into investment real estate here is your turn key opportunity! For more info visit us online at Albany NY Real Estate

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albany ny investment property: Albany NY investment property back on Market. 117 North Allen Street, Albany, NY - 12/23/08 03:52 PM


albany ny investment property: Own Albany NY Real Estate for less then you Pay in Rent! - 12/07/08 04:38 AM
This great Albany NY 4 unit home can be yours for less then you are paying in rent. The property contains a huge two story suite perfect for owner occupancy. Take advantage of historic low mortgage rates and stop making your landlord rich! … (0 comments)

albany ny investment property: Albany NY foreclosures, Albany NY real estate investments - 10/09/08 03:12 AM
It seems like the last couple of weeks with the turmoil in the financial and stock markets the number of calls I have received for foreclosures has increased dramatically. While the number of foreclosures in the Albany market has increased we are not drowning in a sea of foreclosures like some areas of the country. (Vegas, Florida, etc) If you are interested in purchasing a foreclosed home I have set up a website at Albany NY Foreclosures  Register and I will be happy to send you a list of bank owned homes for sale.   Call me anytime to discuss the the risks … (0 comments)

albany ny investment property: 117 North Allen Street, Albany NY Multi family money maker Just listed! - 09/25/08 02:49 PM
3 Unit money maker with 3 car detached garage just listed for $234,000. Separate boilers, many replacement windows, brand new roof, and plenty of offstreet parking. Coin operated washer and dryer bring in additional income as well. One unit currently owner occupied and managed.Visit us online at Albany NY Real Estate for more info.


albany ny investment property: Albany NY income property Just listed, 374 Morris Street, Albany, NY - 05/06/08 01:01 PM
$199,900! Huge 2 family (3,148S.F) Ready for owner occupancy. Some replacement windows. Newer high effeciency boilers ($14,000+-) Offstreet parking and one car detached garage. Awesome woodwork and quality construction throughout. Upper level currently under rented. Click Albany ny investment property for sale for more information.
If you have any questions please do not hesitate to contact us. Thank You!
Kevin Clancy518-861-7016kevin@clancyrealestate.comAlbany NY Real Estate
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albany ny investment property: Renovating Albany New York real Estate and Albany New York rental properties - 03/19/08 03:19 PM
Doing business as an Albany landlord and real estate investor is a challenge. I often describe the difficulties to clients of dealing with the City of Albany. The Albany Water department and building departments are two  of the most difficult to deal with. Below is a story of from a local investor trying to inject private capital and sweat equity into a depressed area of Albany. Real Estate has created wealth for many in the Albany market. However, it is not without hard work and pitfalls.  In his own words.
 "Late last summer I started working on a deal to buy anabandon 9 unit apartment building in … (0 comments)

albany ny investment property: Albany NY investment property analyzer, Albany NY Real Estate investments - 03/18/08 01:13 PM
Investors are starting to make up more and more of the current market. "Is this  a good deal" is a question I hear often. The answer often depends on the individuals investor's goal, cost of money, and time frame. To help analyze investment properties I have recently added investment analysis software to my site. If you know the numbers on a building and want to perform a brief analysis then click Albany NY investment property analyzer  If you don't have a property in mind or can't tell the difference between a gross rent multiplier and a capitalization rate call me I … (0 comments)

Kevin Clancy, Real Estate Broker - Albany New York (Http:// Rainmaker large

Kevin Clancy

Real Estate Broker - Albany New York

Albany, NY

More about me…


Address: 1 Fletcher Road, Albany, NY , 12203

Office: (518) 861-7016

Email Me




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