BRRRR in Pittsburgh, PA

[Steven Girgash]

Hey everyone! Quite new here, I have been learning about real estate for about two years now (via the internet and books) but I am very interested in getting into BRRRR real estate investing in the Pittsburgh area. I am interested in multi-family properties. As I prepare to make my first investment, I wanted to reach out to see if anyone has had success or learned the hard way about doing this in the Pittsburgh market.

I have a few questions I have been sitting on and wanted to reach out and see if anyone had real experience.

What are the biggest challenges you faced?

What is a good area to target? (can be in the suburbs outside of the city)

Finally was curious if anyone had some insight on what a ballpark price range would be for a duplex in the area?

I appreciate any and all information! Thanks for reading my post!

[Jeremy Taggart]

@Steven Girgash There's a lot of neighborhoods here that make sense for BRRRR'ing. Usually the best price range for it is somewhere between 100-150k ARV as that's where the price to rent ratios make the most sense on the backend and still enable you to have enough margin to get that desired chunk of equity. The challenge nowadays is finding deals. It's not quite as competitive once you get outside of Allegheny County so expanding your target areas can give you more options. ARV's on duplexes in B areas in the city are around 150-200k. 100-150k in the suburbs. C areas in the city around 100-150k and suburbs around 90-120k. Sub 100k is possible still in the lower income areas. It's also typically easier to find single family BRRRR's over multi units. Just more opportunities where the numbers make sense on singles compared to multis.