New to Real Estate in the Pittsburgh Area

[Ron Pfrogner]

Hi Bigger Pockets,

My name is Ronny Pfrogner. I have wanted to invest in real estate since high school, but now I work a full time job and with the plethora of information I have found thanks to Bigger Pockets i feel like i am finally in a place to start investing. My Current plan is to purchase  a multi family and 'House-Hack" at least 1 deal by the end of the year. I would love to meet other investors in the area who have tried this or who have other strategies that have worked well for them. I can't wait to learn more about this amazing industry. 

Thank you for your time!

Ronny Pfrogner

[Jeremy Taggart]

Hey Ronny,

House hacking is hands down the best way to get started in rentals if you're able to. On some 3 and 4 units in the Pittsburgh metro you can find deals where you'll not only live for free, but maybe even make some money every month. Just make sure it cash flows when you move out because the low down payment/mortgage insurance of an FHA loan will make your monthly payment higher. I started by house hacking a triplex for a year, fixing it up while living there, and then moving into a single family that I got into for 5% down since I moved in. Going to fix it up and then turn it into a rental as well. That's going to be my strategy while I'm young and able to keep moving to take advantage of the favorable financing you can get as an owner occupant along with the low money out of pocket.