Need some info on a property in Rochester NY

[Stephen Matusick]

Hi everyone- I am just starting into this journey of REI and looking for a multiproperty deal. I found this up in Rochester( I live in Corning) and could use some info on the neighborhood. Its a 4 unit at 314 Sherwood Ave 14619. It's a homepath property(not sure what that means, researching that as we speak). But wanted some local info if anyone knows. I plan to start attending the FFREIA meetings starting in December or January. Any help would be appreciated. Thank you.

[Mark Updegraff]

That is only available for owner occupant offers for the first 15 days. That period is not over yet, and when it is it will be available for investors if a OO did not purchase it. It needs a lot of work, but it is a sound investment if you're able to pull of the renovation quickly and get it leased up quickly. I would be happy to help you find a cash flowing property in ROC. We're seeing ROI on cash of 10-13% but those deals sell to active investors quickly. You will need a solid REALTOR to take those down, especially in areas that are appreciating.