Syracuse NY

[Justin R.]

Hello, I was wondering if anyone has any knowledge on buy and hold investing in Syracuse. It appears they have great rent to value ratios, and a good school system.

Does anyone have any input on this market?

Do you recommend agents or wholesalers in this area?

Thank you!

[Charles Preuss]

A few things I know about this area:

Good school district areas either flip or hold. 3 bedrooms 2 bath with at least 1500 sq. ft. Depending on the neighborhood.

Within the city personally I'd look into buying in and around Syracuse University. Student housing there is a gold mine a few of my colleagues have properties there and do very well. It's just very important you have a great property manager that carefully selects the students (usually graduate students or international students with unlimited pockets). Best thing is to get rental agreements signed by their parents. Depending on the house and your budget the average rent there is 1600-2500 a floor or 400-600 a room. Everything depends on the property and how you want to write the contract.

Hope this helps a little ;).