Newbie thinking about the Rochester NY market.

Member since 2020 · 27 posts · 8 votes

Hi All,

I’m a newbie looking for the right deal for our first investment property.

I keep getting drawn to Rochester. I am not from the area but the prices look good and there’s a couple of good uni’s there.

Anyone got any advice on the Rochester market for a buy and hold strategy?

Thanks and stay safe.

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Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes

@Chris Lawlor good luck with your REI journey!

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Aaron W.
Rental Property Investor · Northern Virginia · Member since 2019 · 793 posts · 620 votes
5y
@Chris Lawlor We've looked there and they are affordable on price. However, make sure you pick the right areas to invest in. Some areas are rougher than others. Also, really pay attention to property tax. The property may be cheap but the property taxes may totally take the deal from a good deal to underwater.
Best of luck!
1 Reply
Brian Buxton
Investor · Rochester, NY · Member since 2017 · 14 posts · 11 votes
5y
Hi Chris, I'm an active buy and hold investor in the Rochester, NY. Like any market, there's good and bad. Too much to list in this thread but I'd be happy to converse via DM or hop on a call. Feel free to reach out.
1 Reply
Dmitriy Fomichenko
Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
5y
@Chris Lawlor good luck with your REI journey!
1 Reply
Martin Grizzanti
Investor · Rochester, NY · Member since 2015 · 499 posts · 169 votes
5y
I own and manage a number of units in Rochester Feel free to reach out if any questions
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