How to start investing in Syracuse, NY?

[Austin Shuster]

I am 19, I have my eye on a few houses. I want to pull the trigger on them but I don't really know where to start. I read the beginner book by BP. Any advice?

[Donnie Strybos]

Austin, make sure you do you homework on Syracuse. Solid town but plenty of rough areas too. you can buy properties cheap but do not let that attract you to buy. Most of those homes are 100 years old and will have plenty of maintenance issue to drive you nuts. I would recommend talking to a local property manager like Frank Procopio 3153500571 with Allied. I have a duplex in Syracuse and that is who I use with good results. Very straight shooter. Also, do the math on the taxes. As you probably know, they have a tax for everything in NY and it will kick your cash flow in the teeth if your not careful. Hook-up with a real estate investor club like you may find here or on the Meetup.com site. There are plenty of them. Ask those guys, usually pretty helpful.

Lastly check-out the crime heat map for Syracuse on Trulia. Stay out of the redzones. You can buy properties cheap but tough to stay rented.

Good luck with your investments.

Donnie Strybos

Potential Properties, LLC