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Updated about 2 years ago on . Most recent reply
New Multi-Family Investor in Pittsburgh Area
Hello everyone! Excited to finally introduce myself on here. I have spent the past year listening to audio books and podcasts about real estate investing to acquire a groundwork of financial and real estate literacy to build off. I live in Beaver County and I am seeking 3 to 4 unit properties in the greater Pittsburgh area under $215,000 that will ideally cashflow around $200 per door. I plan to buy and hold utilizing the BRRRR method. My first goal is to purchase a property using an FHA owner-occupied loan in order to live in one unit and rent the others. Five-year plan to acquire at least 3 properties using additional owner-occupied loans. Long term goal to continue acquiring multi-family properties and scaling my operation to reach financial freedom. Looking forward to networking within this community and building my team! Please feel free to share any helpful tips, and if anyone is looking to connect, I'd love to meet you and get lunch/coffee/tea. Also, if anyone has any referrals for a rockstar agent, lender, or handyman I'm all ears! Thanks everyone 😊
Most Popular Reply
Hi @Brandie DeNelle, congratulations on getting started and I love your game plan. 3 properties in 5 years is totally achievable using the house hacking strategy and BRRRR's to accelerate the growth. I'm a house hacker myself, and work with a ton of investors as an agent, so I'm happy to help with anything along the way.
Being in Beaver County should serve you well. Prices on the 2-4 units are typically a bit lower and cash flow is a bit better than in Allegheny County. Usually some good returns on the BRRRR's out there too, from what I've seen. Not to mention the lower taxes as well.
If you haven't talked to a lender yet, I recommend doing so even if you're not quite ready to pull the trigger. I have some rockstar lenders I can refer to you that I work with often. I'd talk to a couple and see who can give you the best terms. Feel free to reach out and best of luck! You're gonna crush it!