State of RE Investing in CNY 2020

[Fan Bi]

Looking to get feedback from the BP community on investing in CNY - from a quick search on MLS you can find small multis for $50,000 a unit with rents going for $800 a month. Back of the envelope, there's plenty of margin for cashflow.

Most of my experience has been investing in B and C-class multis in Providence, RI where units are closer to $80,000 a unit in decent condition, renting for $900 a month. The economic occupancy with B and C-class in Providence is pretty challenging and it's not uncommon to be running a 5% delinquency rate. 

Would love to learn a local investor's perspective on CNY (Syracuse, Utica, Rochester, Rome) over the last couple of years.

[Nick Rutkowski]

@Fan Bi

Great time to come in to Syracuse. Microsoft and Amazon are planning on moving in and millennials are moving to the city.