My name is Michael Lembo and I'm a CPA in the Syracuse, NY area. For various reasons, including but not limited to my desire to improve my financial well-being so I can better provide for my family, I recently set a long-term goal to become a real estate investor. I've been listening to the BP podcasts for a while now, and finally got around to joining the forums. Really looking forward to engaging with some of you in the near future.
At the moment, my top priority is to connect with local real estate investors in the Syracuse, NY area and to develop a working relationship with a mentor. Before closing on my first deal, I'd like to take some time to continue reading and researching under the guidance of a mentor so that I can really learn about the real estate market in Upstate New York. I think it's important to build that foundation before even attempting to develop a specific investing approach/strategy, though I currently envision myself as a buy-and-hold, multi-family property investor.
My experience in real estate thus far is limited to closing on a single-family home (my primary living residence) and fixing it up (removing/replacing ceramic and vinyl tile flooring, painting, installing baseboards and shoe molding, installing light fixtures, landscaping, etc.). I love working with my hands and learning as much as possible when it comes to carpentry and general handy work. It's a nice change from sitting at a desk all day staring at numbers on a screen!
If there's anyone in Syracuse, NY (or Rochester, NY, or Upstate New York in general) who can provide information regarding any upcoming real estate education/networking events in the area, that would be greatly appreciated. I've set up key word alerts and will keep checking back.
@Michael Lembo Great goals Michael, have you started looking into meetup.com to find local real estate events? No doubt you will find a suitable mentor there.
@Bryan Pham That's great advice, Bryan. Thanks! Looks like we have a Real Estate Investors Club here in Onondaga County. I'll be attending the next monthly meeting.
@Michael Lembo , hello and welcome to BP & REI! A few of us are going to grab a beer @ Coleman's on Sunday, Sept 10th around 7pm if you are interested. Happy to make introductions and talk shop for a few hours with you.
Hey @Will Chamberlin - absolutely. That sounds great - thanks! I've added it to my Outlook calendar. Let me know if you'd like to exchange contact info when we get closer. Might make things easier trying to find each other at Coleman's. Do you permanently reside in the Syracuse area or are you flying in from San Rafael?
Hi @Stephanie Jacobson ! Thanks for jumping in. Would love to pick your brain regarding the state of the market in Upstate/Central NY. Looking forward to connecting with Ryan and David as well. How long have you been an agent and which agency are you with?
We're messaging now, but I'll answer here anyway as well. I'm with Century 21 Sbarra & Wells, and I joined them this winter, though my investment experience dates further back than that. I became an agent because of my love of investing. I am also paired with a mentor who has been with the company for twenty years; I tell all my clients you get two agents for the price of one!
Great intro, Welcome to BP! @Bryan Pham raised a great question. I'd check those out for sure.
Also, since you're setting up keywords, start reaching out to investors, contractors, lenders, attorneys, brokers, etc in your market via private message. Schedule some coffee meetings and happy hours with like minded people in the area. I've met some great people and learned A TON thanks to connections formed on BP.
I'm sure with your handy work, desire to succeed and positive attitude, you'll find some awesome partners, mentors, and friends along the way.
Best of luck to you!
Welcome to BP! Obviously, some great information on this site. Hope to see you at Colemans!
I'm in Utica, and know a few guys out in Syracuse that may be interested in talking with you. Send me a PM, we can take it from there.
@Michael Lembo , welcome to BP! Good to see another newbie in Syracuse!
I've gone to the Onondaga County REIA meeting, honestly I found the leader to be very condescending and discouraging. However everyone else there was very nice and helpful. So it is a good place to network, but make sure you go early because the networking portion is before the meeting. The first meeting is free to go to and you can pay for each subsequent meeting a la carte. Hope this helps!
Hey @Michael Lembo , welcome to the forum. The Onondaga REIA meetings are decent for networking but many times they have sales pitches from various RE "experts" so I've found them less helpful than I had hoped. You can pay a yearly membership fee or a la carte as David mentioned above. I'm looking for a more relaxed and informational group concentrating on how to do stuff from actual local experience, not stuff to buy to "help me" do stuff. Just my two cents.
Welcome! I have 18 properties in and around Syracuse. Love to talk real estate! There a few local facebook groups that are good too.
Welcome @Michael Lembo . I'm currently in Rochester but moving to Syracuse in a few weeks :) BP is definitely a great resource- glad you've "jumped in". By God's grace I've gotten to do four deals since I joined BP two years ago (one of them a 12-unit) - having started with zero experience , little cash, and working a more-than-full-time job. I say this to encourage you to keep listening, reading, and engaging the community here. It's time well spent!
I look forward to exploring the market in Syracuse once we move. Would definitely love to connect with those of you on ground already. Cheers!
@Michael Lembo , I am flying in for 10 days to work on a new property. I live in CA year-round.
Hi, I'm new to the area and to BiggerPockets. I'd like to network with other investors in the Syracuse, NY area. I'll love to join at Coleman's on Sept. 10 @7pm and meet some of you.
@Michael Lembo Hello, Michael. Welcome to BP. It seems like a simple thing, but reaching out in BiggerPockets about getting started as a real estate investor is a great first step. Congratulations and I wish you a ton of success.
Welcome! In my experience there are a bunch of Syracuse based investors that have been extremely beneficial to learn from. Sounds like you have a solid vision and plan also. I agree that it's important to build solid long term mutually beneficial relationships. Congratulations on making this decision for your self and for your family.
Hello all. I am an active investor in the Syracuse market. We have been investing in Syracuse for the last 9 years. Bought multifamily wholesaled flipped but mainly a buy and hold focus.
Direct message me if you have any questions.
Hello! Are you all still meeting at Coleman's tonight to network? I don't see any of you here? Thanks!
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