Polish Hill duplex

[Katie Landis]

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $162,500
Cash invested: $15,000

Polish Hill duplex. Upper Unit for Mid Term Rental, furnished. Lower Unit to be fully renovated in coming months.

What made you interested in investing in this type of deal?

To build long term wealth for my family.

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Conventional loan, I'm good at negotiating and the agents did a great job keeping the deal together.

How did you add value to the deal?

Forcing appreciation through cosmetic and functional improvements. The neighborhood is also appreciating with nearby shop openings and residential construction/renovations.

What was the outcome?

in progress

Lessons learned? Challenges?

Financing myself is challenging. Typical quirks of working with tradies.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes, Realtor ~ Doug Hoerster, Howard Hanna, Pittsburgh, PA.
Lender ~ Bobby Rank w/ USB -

[Suchin Mundkur]

@Katie Landis, Congrats on your purchase. I am focused in the Pittsburgh market as well and would love to connect and have a conversation, especially on the rehab of the lower unit.