All Forum Posts by: Jacob Treptow
Jacob Treptow has started 3 posts and replied 6 times.
Post: Rochester, NY Real Estate Market
- Rochester, NY
- Posts 6
- Votes 2
@Account Closed Thank you very much for the response! I appreciate the feedback and will check out the suggested podcast. I read today about the new Section 8 ruling and I'm looking forward to how people navigate this new ruling. I will update you on any new investments! I have been leaning towards looking out of town but will let you know!
Post: Rochester, NY Real Estate Market
- Rochester, NY
- Posts 6
- Votes 2
I need some advice. What is everyone's advice on the current state of the Rochester Real Estate market for investors. I understand there are still some good returns to be made in the city but South Wedge, Park Ave (obviously), North Winton, and East Rochester just seem to be overpriced. I have been doing multiple 4-Square Analysis every week and the returns just don't seem to be worth the investment. Are people just accepting lower returns or negative cash flow?
The reason I ask for advice is I have invested in limited properties and have never experienced a downturn in the real estate market since I started investing. Are there some "more experienced" investors who maybe have been through multiple cycles that can reflect on today's market? Is it out priced for them or am I just expecting too much for a return, which could very well be the answer. Also from following the local forum's it does seem to be a large amount of people investing in Rochester from outside the area through local PM's. Maybe these outside investors have pulled down local return rates to national levels.
Just interested to hear other people's opinion.
Awesome! Thanks Filipe!
Great, thanks JD!