is it good idea invest in Pittsburg, Pa

[Tony Cvengros]

Hello I am new to real estate investing. I am trying to invest outside of the state i live in. I was searching around and came cross pretty decent price for multifamily around Pittsburgh, Pa. Does anybody has any experience investing in that city? 

[Anthony Angotti]

Originally posted by @Tony Cvengros:

Hello I am new to real estate investing. I am trying to invest outside of the state i live in. I was searching around and came cross pretty decent price for multifamily around Pittsburgh, Pa. Does anybody has any experience investing in that city? 

Hi Tony,

I own over 100 units in Greater Pittsburgh Area and it's gone well for me. 

Im local and have a staff to manage my properties. 

The caveat here though is that you have to have realistic expectations. You're going to be paying a property manager (should pay a good one not a cheap one), you're going to need to pay a contractor to do everything, and you won't be here to oversee them closely so you'll need to pay more for more reliable people. 

You can find success out of state but expecting the returns that people sell will lead you astray. $50-100 per door cash flow in solid B/C class neighborhoods after financing and all other costs is a healthy expectation. I underwrite deals conservatively so you might see other people say more than that, but I'd rather be pleasantly surprised than disappointed. 

Also keep in mind that when you read something on the internet people always talk about their best deals, not the average ones. The average ones still build long term wealth. It's a marathon, not a sprint.