Single Family Syracuse

[Toby Gingold]

Investment Info:

Single-family residence buy & hold investment in Syracuse.

Purchase price: $40,000
Cash invested: $40,000

Purchased a single family for first investment to test the waters - did this because of strong cash flow, Goal was to offset my rent in NYC with investment properties upstate. Purchased all cash, may refi and go get another deal but will likely just hold and sell in three years time when expenses will start eating at cash flow assuming 0 appreciation.

What made you interested in investing in this type of deal?

Strong Cash Flow

How did you find this deal and how did you negotiate it?

Off Market - Through a broker

How did you finance this deal?

Cash