While there is a reliance on 'welfare' or entitlement still exists (to a large degree), I wouldn't discount the area as a whole as it seemingly has done better than the 'hot' markets during the downturn...I do understand Syracuse (and Buffalo) aren't doing as well as Rochester overall but I think even Syracuse has ranked high on the rent to returns chart, probably due to the welfare nature as well. 

Naturally, you would have to talk to the seller to find out how far behind in payments they are. 

Real estate seems to be the subject of these seminars, but the product is always an intangible one, concepts, strategies, ideas that are difficult to replicate by just anyone but sold with the hype of success and wealth.

Expect several ARM products and a max 15 year fixed product.

This is due to less competition, low inventory / tenant demand for a finished product in these areas.  

With notes if you get a property back it is not going to be ready for retail so having done a few flips will give you some familiarity with the product.

I have worked, quite successfully, for a national home builder as a production manager and with my contacts and sub contractor relations I believe I have the tools and knowledge to build/develop homes efficiently and lucratively.

I was at a REIA on Wednesday and a rep from a local lender was talking about a product specifically for 1099 workers that just needs a couple of years of bank statements to prove income.Grab this bull by the horns and you will never go hungry again!

. • Seminars and blog answers (like the one I am writing) are general in nature and may not apply to a specific local because each local is unique when it comes to investing.

Make sure you put on there that it is a cash sale or investor property something of that nature.