Quality investing in Pittsburgh

[Cody Williams]

I’ve read a lot about Pittsburgh investing with most people referencing the ability to obtain cash flow. But what if I want to prioritize quality investments over cash flow?

Are there many other investors that try this strategy? Is it viable in this area?

Currently, I’m looking at areas such as Greentree, Whitehall, Castle Shannon, Mt. Lebanon, etc.  

I appreciate anyone’s opinion on this strategy. 

[Alex Deacon]

@Cody Williams it will be a challenge to buy is these class of neighborhoods and also reap the benefits of any significant cash flow. Its difficult to have the best of both worlds given the sellers market we are in and the high demand for investment property in the Pittsburgh Market. I love the idea of quality over quantity. Long term I think you will enjoy being an investor over the alternative of buying in lower quality areas. You are going to pay a premium and it will take a lot longer to find the right deal but it only takes a handful to set up your future financially. 10 properties that you buy and hold now worth 1 million dollars will be  worth 2 million in 15 years. By that time, if you pay down the principle balance as quickly as possible its not unreasonable to expect to be a multi millionaire with 2 Million in real estate assets and a gross cash flow of $1500 a month per property. Thats a whopping gross passive income of $180,000 a year. Steady and slow wins the race.