All Forum Posts by: Nelson Chan hung

Thank you Jason, I apologize for the little information, I am new into the forum and trying to learn about real Estate actually I live nearby the Rochester area at this moment, I have been looking into the Park av area, Faiport and upper Monroe and prices seems too high for Rochester as cash flow and cap rate  did not match my expectation.

The deal I was looking at was a 320000 3 units house, monthly income around 3200 +100 from coin operate laundry, taxes 10200 a year, it is a old complex 40 years but roof is only 10 years and furnace seems in good shape. 

Any input is appreciated as I am trying to learn

I'm looking into a property in Rochester, selling price 320000 and rent monthly meets the 1% rule, should i be looking for a better deal as the appreciation in rochester are anemic at best and the real estate taxes are at least 2% higher than national average