New Member Intro from Albany, NY - Interested in Rental Property

9 Replies

Hello, BiggerPockets Community! My name is Matt Lerner, and I am excited to start participating in the BP Forums. I am new to real estate investing. My wife and I have recently decided to start investing in rental property -- more specifically, buy-and-hold rentals in New York's Capital District Region and beyond. (Albany, Columbia, Greene, Rensselaer, Saratoga, and Ulster County). We live in a wonderful community just outside of Albany, New York and are originally from Buffalo, New York and Staten Island, New York. I found BiggerPockets and my interest in real estate investing after staying at a vacation rental in Long Beach Island, New Jersey this past summer. I noticed just how well the owners of the property ran their business. Their execution of excellent service and the way they run their business inspired us to do the same in the LTR realm.

Since the summer, I have been reading BP forums, real estate investing books, and listening to podcasts daily. I am still in the self-education phase, and we're looking to buy our first rental property (likely a duplex) at the beginning of 2020. 

I look forward to meeting you, learning from you, and, hopefully, adding value to the BP Forums.

@Matthew S Lerner Welcome to the forums! Do you have any neighborhoods or communities you’re particularly interested in? I should be coming across opportunities in those areas in the coming months so I will send you a message to connect for a conversation.

@Catherine C. Thank you for reaching out to me. Yes, let's connect. I am mostly interested in the B Grade areas of Albany, Delmar, Guilderland, Colonie, Slingerlands, Latham, and Voorheesville. I'm also interested in similar grade property in Watervliet and Waterford. If there are viable properties in other Rensselaer locations or Saratoga Springs, I would surely consider them. I am not interested in student housing or houses in distressed Grade C neighborhoods. When you get time, send me a personal message.


I'm a new investor and getting ready to put in an offer in the next day or so on a 2 family in Rensselear. I'd love to connect with you, hopefully share some contacts, and join the BP Albany community. I've got a couple of questions about the area and would love to hear if anybody has experience with Section 8 HUD. Thanks in advance everyone for your time! @Matt Whitermorehew S Lerner @Catherine C. @Brian Rosher

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