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Updated over 4 years ago on . Most recent reply

Sal Lombardo's profile image
Sal Lombardo's profile image
Sal Lombardo
  • Investor
  • from Boston, MA
  • Member since Jun 11, 2020
  • Posts 3
  • Votes 3
  • Experience 6 Yrs
  • Investments 1
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User Stats

3
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3
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Sal Lombardo's profile image
Sal Lombardo's profile image
Sal Lombardo
  • Investor
  • from Boston, MA
  • Member since Jun 11, 2020
  • Posts 3
  • Votes 3
  • Experience 6 Yrs
  • Investments 1
Connect
Sal Lombardo
  • Investor
  • Boston, MA
3
Votes |
3
Posts
New Member Introductions

Out of State Investing

Sal Lombardo
  • Investor
  • Boston, MA
Posted

Hi BP forum,

I'm considering purchasing an investment property in Pittsburgh but currently live in Boston. This would be my first time buying out of state so I was wondering if anyone has advice on being a distant-owner. The numbers look solid (+$500/mo cash flow & 8% ROI) which that includes using a property manager, so I feel pretty good about the investment. Just wanted to see if I might be overlooking something.

Any advice here is greatly appreciated.

Sal

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Kenneth Vasquez's profile image
Kenneth Vasquez's profile image
Kenneth Vasquez
  • New to Real Estate
  • from Long Island, NY
  • Member since Apr 28, 2020
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22
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Kenneth Vasquez's profile image
Kenneth Vasquez's profile image
Kenneth Vasquez
  • New to Real Estate
  • from Long Island, NY
  • Member since Apr 28, 2020
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Kenneth Vasquez
  • New to Real Estate
  • Long Island, NY
10
Votes |
22
Posts
Kenneth Vasquez
  • New to Real Estate
  • Long Island, NY
Replied

That’s exciting @Sal Lombardo. I am from NYC and looking into the Pittsburg area as well. I’d be interested to see how your deal works our. Good luck!

  • Kenneth Vasquez
    • 1 Vote
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