Syracuse/Rochester Area Rentals

[Mike Sfera]

anybody have opinion on Syracuse/Rochester?  Lots of older houses but there seem to be several that have the potential for cash flow and while not exactly modern on the outside, have been renovated inside.  Potential for students, etc.  

[Stephanie Jacobson]

Quote from @Mike Sfera:

anybody have opinion on Syracuse/Rochester?  Lots of older houses but there seem to be several that have the potential for cash flow and while not exactly modern on the outside, have been renovated inside.  Potential for students, etc.  

 Syracuse is definitely experiencing a lot of hype at the moment because of Micron, and we're seeing lots of renovated options on the market in areas that likely won't benefit from the new campus. I'm advising folks to keep a close eye on Clay, Cicero, North Syracuse, the neighborhoods including and surrounding Eastwood, and the neighborhoods by the university. That said, it's nearly impossible to find a decent option under $300k in those locations.

If you have an apetite for rolling the dice and saying "I'm so glad I bought this ten years ago!", then go for other areas. Plenty of people are happy they took those kinds of risks. Otherwise, I'd say watch those areas closer to Micron understanding the barrier to entry will be significantly higher in exchange for the lower risk.