Rochester NY market read for (Duplex/SFR) OOS investing?

Question

We are looking for markets that fit our budget (250k max) as we are starting out and Rochester, NY falls into that category. At least from the research we have done so far! Targeting for a duplex or SFR in a family friendly neighborhood with GREAT schools.

Appreciate your help.

Matthew Drouin · Answer

@Shweta Mokashi

All of the properties, nearly all that are in great school districts are single family or condo/townhouses.

Although townhouses and condos are not great for long term appreciation, they make great rentals and you can find ones that are priced well within your budget and make some decent cashflow.

If you are looking for something relatively passive and family oriented, something with an HOA structure will cover exterior maintenance most of the time with most communities.

Otherwise, you will be competing with owner occupants on our crazy SFR market for properties in great school districts.

Preston Garcia · Answer

Hey Shweta, all of my clients are out of state and some are looking for the same thing as you. I'd love to connect with you and talk more about it!

Shweta Mokashi · Answer

Thank you Dave!

Dave Skow · Answer

@Shweta Mokashi- thanks for the post ...consider Penfield  area ....or the South Wedge  area as it appears to be on the upswing  ....if you need to use a loan - make sure to get  fully pre approved in order to be  prepared