Hi, I grew up in Rochester and my family is still in the area, so I'd love to begin investing. I have some familiarity with the neighborhoods, but I know a lot has changed. I wonder if any of you have recommendations for realtors or realty groups that work with out of town investors? Thanks so much!
Real Estate Broker · Rochester, NY · Member since 2010 · 1k+ posts · 692 votes
5y
Rochester is an incredible market! I work with a lot of out of towners and would be happy to assist. We’re targeting some specific locations this season for sure!
Real Estate Broker · Rochester, NY · Member since 2010 · 1k+ posts · 692 votes
5y
Rochester is an incredible market! I work with a lot of out of towners and would be happy to assist. We’re targeting some specific locations this season for sure!
@Matthew Drouin I live in Reno, NV, where everything is very inflated by CA investors, so it's a much harder market to get into as a new investor. Also, I have a lot of family in Rochester, NY and we visit the area with some frequency.
New to Real Estate · Rochester, NY · Member since 2020 · 10 posts · 5 votes
5y
I've lived in ROC 25 years, and just started investing in rental prop here last year.......should have started ~8 years ago. Prices now are quite inflated here too (double what they used to be 10 years ago)........just waiting for the bubble to burst....will it? Who knows!
Questions to ponder. Would you be targeting single family homes, multi-family? What's your target market (professionals, students, white-collar, blue-collar), purchase price range? Based on this, there are areas of ROC you should target or avoid.
Regarding realtors, I have found it best to keep an eye out myself and then work with my realtor to draft the deal.
@Katherine Fusco JZ Home Management would love to help. We have a property management and we are investment minded real estate agents as well. We work with a lot of investors both in town and out of state/country. Feel free to reach out (585)719-7295
New to Real Estate · Colonie, NY · Member since 2015 · 1 post · 0 votes
5y
What areas in Rochester should be avoided for buy and hold? I am currently looking at the Rochester area to invest in as an out of town investor. Is Edgerton near Jones square at area to avoid?