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Updated almost 8 years ago on . Most recent reply

Rochester duplex investment
I have been trying to find good markets for cash flow. The cap rates I see on Rochester duplexes look to be 20% plus. Please tel me why I shouldn't invest in some of these inexpensive properties. I am looking for a price range from 50k-200k. Most likely around 60k though. Anyone invested there? I realize there will be hardly any appreciation but I am okay with that.