Pittsburgh Excellent For Flips?

[Stephen Masek]

I found the article linked below yesterday.  Two of the data sources show the Pittsburg area as excellent for flips.  What do you-all think?

https://www.realtymogul.com/blog/still-plenty-of-opportunities-for-residential-flippers

[Joseph M.]

I had looked in to Pittsburgh a few years back. Properties definitely did seem undervalued . It looks like this article was from about 5 months ago so things could of changed .

I think it's possible to flip in more markets than it is to be successful with buy and hold .

I remember hearing that vacany was pretty low in Pittsburgh . A lot of homes were not updated since they were owned by old timers there was a big trend of people moving away from the city to the suburbs , but of course living in downtown areas is cool and hip again nationwide .

Pittsburgh is interesting as there are many different neighborhoods , the hipster hood is lawrenceville last time I checked and those properties had appreciated a lot . Lots of trendy shops , restaurants and bars in that area .

It's a total myth that only places on the coasts like LA , SF and NYC appreciate a lot . Pittsburgh is sometimes viewed as Midwest but sometimes east coast it's about an 8 hour drive from philly I believe .

Philadelphia seems to be a very interesting market too because of areas that have gentrified . I heard of one neighborhood called Fishtown I believe where properties went up a lot .

Pittsburgh is kind of under the radar and a lot of people think it's still some rust belt city that hasn't recovered from the steel industry leaving , but they are very diversified now with medical , education and other industries these days , their unemployment rate was also pretty low during the recession .