Looking to Invest in Syracuse, NY

[Karl Danticat]

Hey guys,

I'm a new investor and realtor from Westchester looking to find a realtor, contractor, and property manager in Syracuse to help me build my team. I have been able to find deals using MLS but definitely need someone in Syracuse to help me analyze further.

Is Syracuse, NY a good place to begin my buy and hold portfolio?

[Greg Miller]

Hi Karl!

What areas of Syracuse are you looking at? Overall the area has very good rent to value ratios. I would just try to stay away from some of high crime areas, as I think you would struggle to get a solid local team excited about working in those areas. Within the City, I like Eastwood (13206) and Tipperary Hill (13204) and have found a good tenant base with about 30 properties in those areas. The suburbs will be higher taxes but generally better schools and higher income tenants. Liverpool is an area I’ve focused on which seems to be growing in demand quickly. Let me know if I can help further and I wish you luck building out a local team!

Greg