Investing in Pittsburgh?

[Anne Christensen]

Hi,

I'd love to hear success stories from investors in the Pittsburgh area! I am researching the city and surrounding areas and seriously considering it for my first BRRRR. Can anyone recommend a great REI friendly agent? I read a few reviews on an agent that came up on BP and they were not great. Many thanks!

[Jeremy Taggart]

@Anne Christensen BRRRR can still work here on the equity side of things. Plenty of fixer upper homes that have good margins after rehab. You just won't really have a ton of positive cash flow right off the bat if you are refinancing at 70-80% LTV at today's interest rates.

Multi family you can get both but those are tougher on the equity side of things since they cost more to rehab compared to a single family home. So won't tend to find as many oppotunities that work to maximize equity gained like single family homes.

For single family homes you'll want to stick to neighborhoods under about $225k ARV in order to have rent/price ratios that make sense on the backend for holding as a BRRRR. In most instancdes anything higher than that is more flip territory now with the higher interest rates.