Rochester Info

[Shawn O'Shea]

Thank you all for welcoming to BP. I'm on my first week since I decided to push the throttle on my investing. I'm starting to run numbers on several MFHs in Rochester and am looking for some expertise -

- What are good areas in Rochester to focus on for high cash flow type properties; purchase price ~$30k/$40k? Cash flow is relative so figure 25% down w/ a conventional 30 yr @4.8% (Wells Fargo)

- Are there better financing terms at local Rochester institutions or in general?

- Would it be better to look at homes that are $50k - $100k and get one of these as opposed to multiple $30k homes? I know this may be a preference, but what are thoughts?

- What are good numbers to expect in this market - Cap, Cash ROI, Total ROI? Not the exceptions, but the norms.

- Any recommendations on PMs (not sure if this question is allowed here = endorsements)

You help is much appreciated!

Shawn