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2 Amazing Deals in Rochester, NY (32k)

Posted by Ethan Borshansky on January 20, 2013 at 4:11pm

Looking for an investor to work with on deals in Rochester. I have 2 deals there right now:

  • Beautifully renovated 4 bd single family in a "A-/B+ area" for 32k.
  • Okay condition duplex with 20-year downstairs tenant and recently certified Section 8 unit upstairs for 41k.

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Replies

  • ivan montanez February 21, 2013 at 6:51pm
    Hi..you can buy this properties properties with 20% and if so we can tale a look at.them....thx..ivan
    • Ethan Borshansky > ivan montanez February 21, 2013 at 10:34pm

      Of course. The thing is they're so cheap that most banks won't want to bother. So you have to buy a larger one or buy several at a time and get a blanket mortgage of at least 50k.

  • Gary St. Armand January 28, 2013 at 10:20pm

    Hi Ethan,

    How did you make out with those two deals. What is (was) the ROI with 20% down, at a 15 CAP.

    -Gary

  • Ethan Borshansky January 25, 2013 at 11:35am

    For a duplex at 40k you can get 1100-1200 a month. Taxes are generally about 15% of annual income. Vacancy varies but I use 15% just to be safe. Basically at the most conservative numbers you're still getting a 15 CAP. It's just about cashflow, not appreciation, but there are areas to buy in Rochester that actually will appreciate too.

  • Daniel Velez January 21, 2013 at 5:53pm

    Hi Ethan.

    How much is the rent in Rochester? Property Taxes? Vacancy?

    Thanks

    Dan

This reply was deleted.

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