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Updated over 3 years ago on . Most recent reply
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New to Pittsburgh Investing Market
Hello All!
My Wife and I are actively looking for a small multi family property to house hack. I am a Pittsburgh native and currently work for an insurance agency on the North Shore. We are currently living with family and have been saving up to make a purchase for our first investment property. Right now, we are looking in the Bellevue (15202) and Westview (15229) areas through the MLS (without an agent). We are not necessarily tied to these areas, and I would welcome suggestions for other areas of Pittsburgh that would be great long-term rental areas. We both work full time, so our goal is to live rent free (or at least close to it) and be able to save up for more investment properties.
I wanted to post on here to introduce myself and connect with the investing community in Pittsburgh.
Thanks!
Matt
Most Popular Reply
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@Matt Eperesi Watch the property taxes in Bellevue, they can really blind side you after closing if you buy way above the current assessed value and they re assess. Have always found it tougher to cash flow there once you factor in the property taxes.
I'm a fan of West View. Certain parts of Brighton Heights as well (lower city of PGH taxes). Also like the towns along 28 that are starting to see some spillover from the strip/east end, Troy Hill, Millvale, Sharpsburg, Etna, Aspinwall, etc.
North Side flats (Manchester, War Streets, Deutschtown) has gotten quite pricey so bit tougher to live for free there but sometimes doable with a 3-4 unit. Same with the further north suburbs in the North Hills if you can find a multi there.
- Jeremy Taggart
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