Syracuse investment market

[Patrick Shep]

Hi all! I’m originally from central New York and have since lived in the DC Metro Area. I have had two investment properties in this area and am looking to invest in a property in the Syracuse area ( 2 unit min.) with a positive $500/month cash flow after expenses. I’m looking for more information on areas to look for and management property companies with costs. I look forward to networking with likeminded people. Larry

[Brian Heron]

There is plenty of opportunity to be had in Syracuse, NY as long as you are patient. Very strong rental market, and low cost real estate. In order to get $500 a month is net cash flow it will take you 2 multi unit properties, unless you are creative, put down a large sum of money, or are in an undesired (war zone) area. Also, look around the Syracuse area in places like Auburn, Baldwinsville, and even up north in Fulton and Oswego. Just know that in Syracuse you are investing mainly for cash flow, and not appreciation.