Hey Everyone, been on BP for awhile but never post. Just wanted to say hello and if there’s any fellow REI’s out there in the North East I’d be interested in connecting. Also if you’re familiar with the Upstate, NY m...

I’m a Broker in Syracuse, NY and I just did the same thing you’re doing.

I am a Syracuse, NY based Broker but I’m from Oneida, NY.

I stay away from rental houses because I find it or difficult to get a decent ROI, which in my strategy is 10-12%.Your success as an investor will come from two chief variables: good purchase price and good rental income.

The written lease has very little chief when it comes to enforcement.

According to CAR’s chief economist, Leslie Appleton-Young, “With the shortest time on market in recent memory, an alarmingly low supply of homes for sale, and the fastest price growth in six-and-a-half years, the market’s short-term gain can also be its weakness in the longer term as the imbalance of supply and demand could lead to more housing shortages and deeper affordability issues.”

Seeking investors interested in a 125-unit Multi-Family property located in Syracuse, NY.

(Self disclaimer George is my father, but he is the most knowledgeable engineer and builder I have known)George is the perfect fit for buys and investors and here is why1) Knowledge - George has been a civil engineer in Denver for over 30 years 2) Building codes - George has not only worked as a civil engineer, but has also been a plans examiner, city inspector and chief building official in Denver. 3) Real Estate Investments - George use to be a Denver Area Realtor (not active now) and understands the Denver market.

Just a few of the events I mean are - 1) a few years ago HUD investigate the Housing Authority and found over $1M of HUD money intended for recipient holders in the Housing Authorities bank account; 2) the city manager was just forced to resign; 3) the city attorney was just fired; 4) the last police chief was fired and the current police chief is currently suspended; 5) the fired city attorney is currently suing the mayor; 5) the police force is so short staffed I just read that they only have 19 officers on patrol at night in the entire city.You didn’t list my favorite city to invest in - Norfolk.  

Hey Guys, what are your thoughts on buying rental properties in Rochester, NY vs Syracuse, NY.