New to Pittsburgh, PA

[Sharls Alexander]

Hi Fellow Investor, I hope everyone is staying warm as it is cold and snowing in many parts of the country.  I am interested in investing in Pittsburgh.  I am a newbie there.  Any insight would be appreciated.  What areas or zip codes do you suggest?  I am trying to stay in up and coming neighborhood but not crime ridden.  Trying to stay no higher than $60k for single family.  For duplexes etc, I will have to run the numbers.  I am looking for cash flow.  Thank you!

[Anthony Angotti]

Originally posted by @Sharls Alexander:

Hi Fellow Investor, I hope everyone is staying warm as it is cold and snowing in many parts of the country.  I am interested in investing in Pittsburgh.  I am a newbie there.  Any insight would be appreciated.  What areas or zip codes do you suggest?  I am trying to stay in up and coming neighborhood but not crime ridden.  Trying to stay no higher than $60k for single family.  For duplexes etc, I will have to run the numbers.  I am looking for cash flow.  Thank you!

 Are you looking for all in of 60k or just the purchase price? If all in and you need it to be turnkey you are going to be limited to mostly "D class" type properties. Though if I'm being honest Pittsburgh doesn't have that many neighborhoods that I would consider dangerous, just those that a bit more run down and lower income. Those would be "D Class" in Pittsburgh. 

Some spots that actually work with and OK tenant pool in the 0-60k SFH price range. Overbrook, WIlmerding, Natrona Heights, Part of Turtle Creek can be OK, Crafton Heights, Parts of Carrick, and some others.

I own a little over 100 units now and can say that I got out of anything that I had in that price range because it was pretty management intensive and you can find good tenants, but it just takes longer. 

I always say that finding good tenants is more your practices than the area, and that's true, but the worse the area the longer you have to hold out for them and the nicer your place has to be to attract them.