Hello everyone,I’ve decided to start investing in Rochester, New York.

Yes, there are a lot of people who spend less than they make and have a surplus.There are others who are inheriting wealth from othersBut there is another subset that we often forget: those who have equity in their homes.Much of the equity has built up due to a runup in home values since 2020, which allows these people to use a HELOC to purchase a home for cash.When rates were low there was a group of people who were using Hard money to purchase and rehab buildings and then refinancing at the end this was the BRRR strategy.Hard Money is not an option these days since the cost of refinancing at the end of the project is too expensive.So when we see people paying cash, it is often pent-up savings and HELOC money that people use, and not as often Hard Money.

We are  a small nonprofit in Maryland and I wanted to also add that you might consider having a Donor Advised Fund (DAF) that you can use in addition as an added tax strategy and consider us to donate to! 

Don’t think I have any in ‘Old Town’ or whatever they call that area. 

I already had another GC take a look at my property and he has done good quick work for other investors in the area that I know personally.

There are a few reasons.1.

I was born and raised in the Mill Creek area, and owned a few properties there for several years.

You referenced potential wetlands, so having a wetland delineation report completed would be imperative, showing any potential critical areas on the property, setback requirements, etc. which all feed into the usable area of your property.

I know this is an old blog, but we are a 501c3 non-profit organization called Cibus Mission and we have several program that serve the community.

You can look and see what they pay for our area. usually they pay higher rents to allow section 8 tenants housing.