STRENGTHS-  strong affordable housing market-  cool city with a great feel-  nicely mixed neighborhoods with properties in need of repair next to nice homes-  large university, robust medical community-  decent rents overall, currently trading at 8-10% cap rates-  Micron promises growthWEAKNESSES-  Micron hype is making people spend way too much on properties-  pesky code compliance inspections here too-  student housing area is incredibly compact and difficult to get in to-  difficult to predict if a property will benefit from renovation or not-  contractors are overwhelmed, difficult to get estimatesSummary: Syracuse is experiencing a lot of change right now, in a good way.

You would still want to be sure to buy a nice home in a good area to ensure that you are not coming out of pocket for years to come, and will attract quality tenants.Option 3 could work, but I agree that maybe you wouldn't want to give up that prime location and that sweet low interest rate!  

An example of this would be mixing your personal money and LLC money in the same bank account.3.

This is a mixed-use building with 3 residential units and 1 commercial unit.

Hi All, maybe a dumb question: Looking at a potential flip and wondering if anyone combines driving for dollars/off-market with conventional loans? All the book examples out there seem to only point to making cash off...

It tends to be the sweet spot in Detroit today because it offers the best risk-adjusted cash flow.

I would love to work with you on some of these, my team and I are doing around 5 contracts a week; from Demo/New Build to Rentals to Commercial Mix Use & Induatrial.please let me know if you wouldn't be opposed to connecting!

@Micheal RobinsonWhat you describe is a mixed use property - retail on the bottom and residential above.

To be successful, your property very likely will need to abut to your proposed zone.You should research if the town has a mixed use zoning which may fit your need the best.

There are mixed opinions about this topic online.Any insight on this would be much appreciated!