Quote:
Originally Posted by ***rnmagus
I bought a property through the Brennan's in Rochester.
I was due to buy another in Buffalo but it fell through because there was a charge on the title and the seller didn't clear it. As long as you have a decent attorney these things are spotted in advance as oppose to the horror stories.
The house in Rochester cost me a bit to refurb. I had a short term tenant who left after 2 months. I now have a reliable tenant who looks likely to be long term.
Gross yield is around 29%.
If you are planning on buying over there I would suggest a degree of patience. It took 6 months from completion to find a decent tenant.
|
hi thanks for your thread.
i have reserved a place in rochester,its un tenanted but they asure me it will be by closing and never had a case where a house wasnt tenanted so hopfully they will be good and longterm tenants.
The report said work to be done will only cost 700$ but when read report there seemed a lot of ongoing stuff like to get electican and plumber in few times a year to do checks on various things in house so hope it wont start adding up too much.im relying on a good rental.
have you or anyone else heard of or even bought with colossel property investment?
thanks