Is anyone investing in Rochester,if so how is it going?
I have 6 houses (rehabbed rentals) in Buffalo…Somewhat similar to the Rochester market but cheaper…What questions do you have?
I’ve been looking into that area… How are the vacancies there? are there alot of empty rentals?
Thanks!
Sorry, I really can’t answer that…Only went to Rochester once to look at a property…Turned out to be in a really bad neighborhood with a HUGE warehouse behind it that was falling apart…I passed…Rochester’s not a bad city, but they’ve lost some of their big players over the past few years (Kodak has either left or sized down a lot, etc.)…
Buffalo and Rochester have some similarities as far as having houses that can be bought very cheaply, but I don’t know about the rental market…Buffalo’s rental market is great if you have nice properties - I have a waiting list of people wanting to move in as soon as I get my places finished…
As long as you buy in the right neighborhoods at the right price, there’s no reason you can’t be successful there but you’ll really have to do some research to see if it works for you…call on some ads that are 1 week to 1 month old and ask if the rental is still available…If you always hear “It’s already taken”, then you might have a good deal…If there’s a lot of rentals still available after one month, go ahead and look at them from the outside…If the housing looks pretty good, especially for the price, then you might have reason for concern…