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All Forum Posts by: Nick Wu

Nick Wu has started 3 posts and replied 4 times.

Quote from @Preston Garcia:

Hey are you selling this or posting about a great deal that you completed over here in Rochester?


 Hi Preston, just posting my first rental investment on the platform. This one has been running well!

Investment Info:

Single-family residence buy & hold investment in Rochester.

Purchase price: $177,000
Cash invested: $68,000

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $177,000
Cash invested: $50,000

- Single-family home in a Residential area near the University of Rochester
- Purchased flipped home without inspection, many costly hidden issues revealed after closing
- Currently rented for $2,200. Currently yielding $850 monthly ($600 after projected vacancy and budgeted maintenance)

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $182,250
Cash invested: $73,000

- Residential area that is close to University of Rochester

- Spent $20K in renovation of the aged unit and increased the rent from $750 to $1,450.  The other unit was rented for $1,300. Currently yielding monthly cash flow of $1,250 ($900 after all projected vacancy & maintenance budget).