Updated almost 6 years ago on . Most recent reply
Syracuse NY Rehabbing
Hello all,
Just looking to get my house flipping business off the ground. I would like to get some insight from anyone who knows the Syracuse, NY market at all. There are a lot of 30k and under distressed properties for sale in the city itself. Wondering how profitable this could be? Looking to flip 5-10 houses in the city to build enough capital to move to the more expensive houses in the Suburbs. Thanks in advance for any advice!
Most Popular Reply
Welcome to BP @Corey Besner . I own a 2-family in the city and have studied the market. I have not looked into the possibility of flipping within the city. A good realtor can be extremely helpful as they should be able to give you realistic after repair values and also an idea of how long it should take to sell the property once renovated.
The lawyer group Schuh, Scott, and Wallace does a lot of work for investors, I would recommend you check them out.
@Account Closed , do you have any contractor recommendations from your time flipping here?
There are a lot of distressed properties but a lot of those are on the south side where I personally would not care to purchase. The north side neighborhood is a mixed bag, you might have some luck there. Tipp Hill, the University, and Eastwood are some of the nicer middle class neighborhoods. What has you interested in the Syracuse market aside from the availability of inexpensive housing?