Single Family Syracuse

[Toby Gingold]

Investment Info:

Single-family residence buy & hold investment in Syracuse.

Purchase price: $40,000
Cash invested: $40,000

Purchased a single family for first investment to test the waters - did this because of strong cash flow, Goal was to offset my rent in NYC with investment properties upstate. Purchased all cash, may refi and go get another deal but will likely just hold and sell in three years time when expenses will start eating at cash flow assuming 0 appreciation.

What made you interested in investing in this type of deal?

Strong Cash Flow

How did you find this deal and how did you negotiate it?

Off Market - Through a broker

How did you finance this deal?

Cash

[Rakesh Rajput]

@James Peckham

Hi I have 54 units in Syracuse and counting. I did stumble to some bad property managers initially. Their portfolio was too large to provide the care my assets needed.

After switching to a new PM I am very happy with his services. I can share the details please DM me. Thanks!