One year to becoming officially an investor in Pittsburgh

[Dominique Pradel-Lewis]

Investment Info:

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

Purchase price: $180,000

Side by side duplex: 3/2 and 3/1 each unit with integral garage, deck and basement

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

I wanted to house-hack and this size unit feels like a house while collecting rent. When I first saw the property it quickly went into contract. I was negotiating on a different property that fell thru when this came back on the market. I just knew and acted quickly.

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

I negotiated thru my RE agent after seeing both side we quickly came to an agreement

How did you finance this deal?

I paid cash with a heloc and plan on using the BRRR method

How did you add value to the deal?

I will do repairs on the roof, external walls, new windows, 1 new kitchen, power wash and paint.

Lessons learned? Challenges?

This would not have been possible without learning everything I could thru: podcasts, forums, networking with members and reading. It gave me the confidence to pull the trigger and send me on the path of realizing my lifelong dream. Since I am moving to Pittsburgh, my current home will also be rented giving me: 2 rentals. I plan on acquiring the next property within the next six months.

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

I worked with an agent that I would definitely recommend. She was very diligent at every step.