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Updated about 5 years ago on . Most recent reply

Ivan Mendoza's profile image
Ivan Mendoza's profile image
Ivan Mendoza
  • New to Real Estate
  • from Bolivia / South America
  • Member since Dec 2, 2018
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Ivan Mendoza's profile image
Ivan Mendoza's profile image
Ivan Mendoza
  • New to Real Estate
  • from Bolivia / South America
  • Member since Dec 2, 2018
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Ivan Mendoza
  • New to Real Estate
  • Bolivia / South America
5
Votes |
31
Posts
BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Vacancy Rate - Syracuse at 7%

Ivan Mendoza
  • New to Real Estate
  • Bolivia / South America
Posted

Hello BP!

I'm looking to invest in Syracuse NY with the BRRRR strategy however I see that vacancy rates are around 7%. I can't seem to find a chart that states if that's good or bad. Is vacancy rate dependent to location and city? Is there a rage that can help?

Thanks you for all your help and advice.

Ivan

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Frank Procopio's profile image
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Frank Procopio
  • Real Estate Agent
  • from Naples, FL
  • Member since Sep 26, 2016
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Frank Procopio's profile image
Frank Procopio's profile image
Frank Procopio
  • Real Estate Agent
  • from Naples, FL
  • Member since Sep 26, 2016
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Frank Procopio
  • Real Estate Agent
  • Naples, FL
268
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Frank Procopio
  • Real Estate Agent
  • Naples, FL
Replied

I personally do not feel you can assign a vacancy rate based on the city. There is a strong demand for housing here. If I have a vacancy I usually secure a tenant within a week. Its all about properly placing a tenant. 

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