All Forum Posts by: Eric Hargitt

Hey everyone. Can anyone recommend a investor-friendly GC for the Syracuse, NY area? Looking for someone who can handle 1-4 unit properties.

Thanks for the quick reply @Steve Vaughan. Some more info: We plan on doing all the work ourselves. We are getting it for $18.6k from HUD, with an ARV of around $45 - 50k. We plan on holding it, and expect to get $ 900 - 1k for rent. It's a 3bd/2br, and we're looking mainly at a carpet/paint rehab. Brand new PEX plumbing and electrical, probably due to theft. Other mechanical looking good, but will get a clean/inspect on HVAC. Some damage to both bathroom shower/tub walls due to copper theft, but nothing major. Fence needs to be demo-ed and yard needs some TLC. I live in Cicero NY, so about a 15 min drive from my house to the subject property.

Hey everyone,

So after months of research, I'm about to close on my first investment property! Aside from being excited/terrified, I'm curious what people did or wished they did while waiting to close. I'm buying a SFH from HUD in Syracuse NY, using cash. It needs some renovation, and I have a tentative plan/budget. I've also prepared some pro formas. Anyone have any advice? I have to close by the 8th of October, but could be sooner.

Eric H. 

@Chris Jackson Thanks for this info Chris. Is that number in your signature a good way to reach you?

I'm thinking about purchasing a property through the Greater Syracuse Land Bank. Does anyone have experience working with them that they'd like to share? Pros and cons?

Thanks for the welcome. I'm glad to hear that my goal sounds reasonable. I will let you know if I have questions.

I'll add this one to my reading list. If your connection is around here, then sure I'd like to speak with them.

@Cerwin Haynes

I don't know much and I'm still developing my strategy. From what I've read, buy-and-hold seems like a good strategy for Syracuse, and I'm open to the idea of flipping. I don't really know what wholesaling is yet. I'm going to a REI club meeting tomorrow evening to learn more and meet some new people.

As for why, I don't want to be a dependent of my W2 job. I like my job, but I don't want it to be my only option. I want to invest in real estate to gain enough passive income so that I have the option to quit my job in five years. In 10 years I hope to have $10k in passive income.

Feel free to give me a reality check if you feel like I need one ;)

Hey everyone,

I'm Eric and I'm new to real estate/investing/forums. After reading some Rich Dad books, I'm want to increase my financial education, specifically in real estate, and that's why I'm here! I hope to learn from the experiences of real estate investors as I prepare to make my first investment. Let me know if you're in my area and want to get together sometime to chat.