Watch it for a while, track listings, see what sells and what doesnt, what areas move quickly, etc.

The market is somewhat competitive, with homes receiving multiple offers and selling quickly, but there are still good opportunities with strong cap rates and value-add potential.Advantages of investing in a Rochester multifamily property:1.

Be safe. 

The best investors can spot opportunities quickly because they know the landscape inside and out.

If you want to do it yourself, be ready to answer text messages at 3 AM, solve problems within a 2 hour window, deal with contractors who aren’t able to “turn” a vacancy quick enough, and guests who want “instant” gratification.  

It feels like the focus has shifted from creating value to chasing quick payouts, with little regard for the end buyer.

Ft)For ARV, it is best to have an experienced real estate agent find comps for you to determine a safe number to work off of. 

If you want good contractors out there quickly , pay their price and pay it quickly . 12 months is too long , we can build a 3000 sq ft house ground up in 3 months . 

Today, the door is boarded up and there is no glass in the upper-story windows.Nicole Lawrence, executive director of the Tenant Union Representative Network, said such deterioration tends to spread blight throughout neighborhoods, diminishing safe, affordable housing opportunities in communities where they’re most needed.

Due to the time of year the new Owner's moved in (the weekend before Thanksgiving), how quickly the sale happened and the contingencies in place it all came down to  a week.