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Updated about 8 years ago,

User Stats

66
Posts
14
Votes
Richard Moreno
  • Investor
  • Malden, MA
14
Votes |
66
Posts

Closing on 2 properties in Pittsburgh !!!

Richard Moreno
  • Investor
  • Malden, MA
Posted

I have been looking for a good place to buy a property to try out the BRRRR strategy, decided on Pittsburgh. So with the proceeds from a flip that I sold in Boston, I took a trip to check out some properties in Pittsburgh, looked at 12 houses in the 2 days that I was there. I was only going to buy 1 house but ended up buying 2 houses! Thanks to BP I was able to find a property manager ( @Neil Metzger ) who will also renovate both properties ! And then get them rented ! And of course Refi and repeat.

I was going to use a hard money lender to finance the deals but since I offered cash, they were able to do closing in a couple of weeks! Didn't have time to secure a lender so I just left it as a cash deal, so hopefully we can turn it around quick so I can refinance it.

They both should cash flo nicely

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