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Updated almost 7 years ago on . Most recent reply

Neil Cohen's profile image
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Neil Cohen
  • from Richmond, Virginia
  • Member since Jun 12, 2017
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Neil Cohen's profile image
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Neil Cohen
  • from Richmond, Virginia
  • Member since Jun 12, 2017
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Neil Cohen
  • Richmond, VA
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Buying & Selling Real Estate

Southside - Pittsburgh PA

Neil Cohen
  • Richmond, VA
Posted

Considering purchasing investment properties in Southside, Pittsburgh, PA.  Anybody have views on strength of rental market there?  Rents look compelling relative to price, but it looks like it properties may be difficult to rent due to oversupply on market.

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Josh Caldwell's profile image
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Josh Caldwell
  • Investor
  • from Dallas TX, United States
  • Member since Jan 20, 2014
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Josh Caldwell's profile image
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Josh Caldwell
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  • from Dallas TX, United States
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Josh Caldwell
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  • Dallas TX, United States
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Josh Caldwell
  • Investor
  • Dallas TX, United States
Replied

I hate to be a wet blanket here, but on Sunday I was with a property manager friend and she is telling me that she is get lots of requests from new clients who can't get their south side properties to cash flow.  Apparently the rents are sliding downward and these guys paid prices that are not sustainable.  

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