Rochester NY investment

[Gregory Craig]

I see a bunch of homes for 19-100 thousand in Rochester, NY.  I want to start investing in rental property, but I am very nervous, and I don't know where to start.   Do anyone have any suggestions.

[Matthew Drouin]

@Gregory Craig I see out of town investors (with low bid syndrome) buy property in our market all the time and lose their shirt; get brain damage in the process. A $20k house is surely one where no one wants to live except professional tenants.

If you are seriously considering investing here, spend a few days here and drive around with someone experienced. Look at properties, etc. For something worth while, budget closer to $100k if that’s your max. More desirable properties in great locations will get you the best tenants. Because after all, your tenants are your life blood, and great tenants are gold.