All Forum Posts by: Ryan Bilak

@Darius Ogloza Thanks, Darius. Are you no longer investing in Rochester because of this?

@Nick Rutkowski Thanks, will actually be in Ithaca next weekend! Usually one a yea my wife and I go to a spa down there near Ithaca college.

@Matt Honeyford Thanks, Matt. Are you still investing in Rochester then? Or are you investing out of state?

@Matthew Drouin

That’s an interesting point but totally makes sense. Thanks, Matt!

@Amos Mainville thank you, that’s great advice.

@Frederic Babeux great, thanks for the insight!

@Josef Sieber thanks! I will shoot you a note now. 

@Martin Grizzanti thank you, I also joined the new Facebook/networking group you just started, so I'm sure we'll meet soon!

@Darius Ogloza , thanks! I can imagine you wish that you had held onto that one!

Thanks, @Dmitriy Fomichenko, nice to meet you!

@Frederic Babeux, definitely good to know. Do you find that you're still able to pull decent cashflow as well given how high the taxes are here? 

Thanks, @Jeff S.. I just took a look at that one. I have been looking in the suburbs mostly, I've got this idea in my head that properties outside of the city would pull longer-term renters?  Does it matter? 

Hey everyone, I'm new to real estate investing and live in Rochester, NY. I'm looking to buy my first property, likely a SFH, within the next year and am trying to decide whether or not it makes sense to invest locally or look out of state.

I suppose that I'm just not that great at finding deals yet but is anyone have luck here w/ the 1% rule? I've been doing a lot of research on SFRs, looking at the monthly rent prices and looking at the most recent sale price on Zillow/Realtor.com, and am more often than not finding that homes are renting for less than 1% of the purchase price. 

I'd love to hear some stories from investors locally who have had some success investing in class B neighborhoods. 

Thanks!

-Ryan