Home Buying in Rochester>Question Details

Jag3630, Home Buyer in Brooklyn, NY

Out-of-towner interested in rental income investment in Rochester, NY

Asked by Jag3630, Brooklyn, NY Sat Jun 20, 2009

interested in rental property investement. Have $5,000 to play with. Where can I get the best bang for my buck. Would like to know estimated costs for home insurance, water/sewage, and most importantly...property taxes.

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5
Shawn’s answer
I personally just closed a deal in December with Carole Snow at Remax First (585-330-6013) and would highly recommend you contact her. She can guide you though the whole process and has solid professional contacts in Rochester. For a PM, I just starting using Ricole Property Management and they have been wonderful so far. Avoid a company called Custom Realty for PM services-totally useless!

Regarding your budget, I would say up it to at least $20k or you'll probably end up in the red, over time. Good luck!
0 votes Thank Flag Link Mon Jan 11, 2010
Rochester have many low priced homes !
Make sure you get good management company if you are not going to be present all the time!
Web Reference: http://kapicrealty.com/
0 votes Thank Flag Link Tue Oct 20, 2009
IMO that probably won't fly. Repairs and renovations alone can easily surpass $5000. Furthermore rents are under pressure, causing increased vacancy time, and pricing pressure on rents.
0 votes Thank Flag Link Fri Jul 24, 2009
Hi there,
Would be happy to meet with you and go over the process of purchasing investment property in Rochester NY. I can be reached at 585 978 0087 or by email at roxannekuliner@kw.com
0 votes Thank Flag Link Mon Jun 29, 2009
I would like to refer you to an excellent Realtor and investment counselor in Rochester, Roger Benton who is with Nothnagle Realtors.

I used him myself and was extremely satisfied with his quality of service and professionalism. I refer all of my Rochester clients to him.

Gail@GailGladstone.com 631-425-6150
Web Reference: http://GailGladstone.com
0 votes Thank Flag Link Sat Jun 20, 2009
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