It’s been called the investment of the century. In 2024, Micron Technology will begin building a $100 billion computer chip plant in Clay, NY– just 15 minutes away from Syracuse. According to Micron Technology President and CEO Sanjay Mehrotra, the company chose Syracuse for numerous reasons, including the region’s appeal to future Micron employees. The creation of the plan will eventually lead to 9,000 new jobs in the area.
What does this mean for you? As an investor, there is a massive opportunity for investing in Syracuse properties. No matter what your motivation is, our team at Invest Syracuse is ready to provide you with the connections and tools you need to secure your investment property and receive the greatest return on your investment.
If you’re ready to find out more about purchasing a Syracuse investment property, fill out the form below. After reviewing your information, we’ll be in touch to connect you with the right professionals to help you get started.
In Syracuse, there are a tremendous amount of multi-family homes ranging from 2-4 units, especially within the city limits where the taxes are lower. Often times, these are a great source of cash flow and tax benefits. They do vary based on neighborhood, taxes, rental amounts, amount of updates, utility breakdowns etc.
These bigger deals frequently are found off market, and require more due diligence and complicated financing. Let us help you find it, purchase it, and profit from day one.
Various TV reality shows have made flipping houses out to be a simple and profitable process. In actuality, it is much the opposite. Flipping homes can prove very difficult, with lots of uncertainty along the way. Buying the house at the right price is actually the most important part of the process. We are constantly looking for these types of opportunities, and through our local relationships come up with concepts regularly. We also can consult on the process after purchase, as well as market the home once completed.
Short sales and foreclosures can be a source of great deals. However, it is a much longer and more difficult process to navigate. It is critical to have an agent working on your behalf that understands how take you through these deals from start to finish. While they will take longer, require more paperwork, and possibly try your patience, the end result can be a home for far less than market value.