We’ve been actively investing in the Upstate NY region, and I’d love to share some insights about the local market, especially areas like Albany, Schenectady, and Troy/, which can offer great opportunities for investors.In terms of your budget and goals, there are definitely deals in Upstate NY, and with the right knowledge and strategy, it can be a very lucrative place to invest.

Quote from @Rick Im: Does anyone know of a lender that offers second mortgages on rental properties?

After talking to another family member they said they would be willing to go in on the duplex and offered to pay the $40,000 down payment and help with any repairs but they want to be "partners" or "own" a percentage of the duplex.

This is the only thing holding me back from making an offer on this really good deal.

I currently struggle with knowing the right offer price for the homeowner and having the right assignment agreement for Az.

Hey Steven - An LLC is a solid choice for structuring your partnership since it offers liability protection and keeps things clean when splitting ownership and profits.

Start anywhere—offer to assist, intern, whatever it takes—and absorb as much knowledge as you can.

Some lenders offer discounts to return borrowers so maybe look into both flip and DSCR rates when finding a lender. 

A few others have called out Hemlane, who appear also quite responsive here on BP and also offer a degree of repair/work order management baked right into their middle/upper tier offerings (versus having to bolt-on as with RentRedi + Latchel). 

Never go with one offer.