All Forum Posts by: Amalia Auge

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Amalia Auge has started 1 posts and replied 15 times.

Hi James,

Great job: clean, practical, no non-sense repairs or improvements .
Amalia
Originally posted by @James Wise:

Photos of repair/renovation work performed by Holton-Wise continued.

1 Vote

Cleveland, Ohio

Hi Praveen Gudimetla,

Congratulations for taking the plunge for this project: But first time a whole renov? Out of state? It sounds a bit risky ...

Have a lovely day...

Amàlia

0 Votes

Hi Jennifer. I'm impressed with the way you have make this happen: it's brilliant. Congratulations. Amàlia

0 Votes

Hi Philip,

Congratulations, looks magnificent ;)

May I ask in which area of Pittsburgh is located?

Warm regards,

Ama

0 Votes

Hi all,

So Rankin is a good one right? Jim: I read in another thread that you posted that there were some new projects in this area that would make it desirable. Do you believe the overall improvement of Rankin would start to be felt in around 4/5 years? This amount of time has been the one already needed in Munhall and cie to make it attractive both to investors and the population ?

I'm ready to buy there (even to rehab) , I've done a bunch of them but not in the States.

Another question : I was visiting houses in Penn Hills but several people have a quite mitigated advice about this area. May you give me your insights?

Enjoy this lovely weekend,

Ama

0 Votes

Pittsburgh, Pennsylvania

Hi Tim,

Many thanks for your message. Then in your opinion Plum and Swissvale would be better options due to the commuting. The house I saw (and was sold the same day, not to me, even I put a cash offer ) was situated in this street : Elfort Drive. The street looks very nice ans the houses are well kept. That's why I was interested, because of this particular property, which is in perfect shape, and the sorrounding environment. So it's not advisable to purchase in Penn Hills or again it's a street to street scenario? As you mentioned Beulah Rd or Crescent Hills?

Many thanks for your reply,

Warm regards,

Ama

0 Votes

Pittsburgh, Pennsylvania

Hi Jim,

Thanks for your reply. By the way, did you find anything interesting in Rankin? Maybe is a place that changes a lot 'street by street'...

I may be able to find some trends of Rankin in one specialized website if you are interested.

Warm regards in this cold (not for long) weather,

Amàlia

0 Votes

Pittsburgh, Pennsylvania

Hi Jim,

I'm not an expert but I found this website about Rankin, maybe it would help you to get an idea:

https://www.homesnacks.net/pa/rankin/

Warm regards,

Ama

0 Votes

Pittsburgh, Pennsylvania

Hi,

That's a very good suggestion: then it's all about negotiation. By the way, what do you think about this property I want to purchase? Please see the BP file attached with some of the numbers. I intend to ask my future tenant (if I close) that he takes care of the expenses of the property.
All input is more than welcome,
Amàlia (a newby)

15235, Pittsburgh, PA 15235

3 bedrooms, 1 1/2 bathrooms.

Rental:

$950.00 MONTHLY INCOME

$367.50 MONTHLY EXPENSES

$582.50 MONTHLY CASHFLOW

8.33%PRO FORMA CAP

$6,990.00 NOI

$87,900.00 TOTAL CASH NEEDED

7.95% CASH ON CASH ROI

8.33% PURCHASE CAP RATE

Expenses Income 50% Rule

Total operating expenses:	$367.50
Mortgage expenses:	$0.00

Vacancy:	$47.50	Repairs:	$47.50
CapEx:	$47.50	Property Taxes:	$225.00

$83,900 PURCHASE PRICE

Purchase Closing Costs	$2,500.00
Estimated Repairs	$1,500.00
Total Project Cost	$87,900.00
After Repair Value	$83,900.00

Down Payment	$83,900.00
Loan Amount	$0.00
Loan Points	$0.00
Amortized Over	0 years
Loan Interest Rate	0.000%
Monthly P&I	$0.00
Total Cash Needed	$87,900.00

Financial Info 1.08% 2% RULE

$83,900.00 TOTAL INITIAL EQUITY

7.36 GROSS RENT MULTIPLIER

0.00 DEBT COVERAGE RATIO

Analysis Over Time

2% /year EXPENSE INCREASE

2% /year INCOME INCREASE

2% /year PROPERTY VALUE INCREASE

Year 1	Year 2	Year 5	Year 10	Year 15	Year 20	Year 30
Total Annual Income	$11,400.00	$11,628.00	$12,339.73	$13,624.06	$15,042.06	$16,607.65	$20,244.63
Total Annual Expenses Operating Expenses Mortgage Payment	$4,410.00 $4,410.00 —	$4,498.20 $4,498.20 —	$4,773.53 $4,773.53 —	$5,270.36 $5,270.36 —	$5,818.90 $5,818.90 —	$6,424.54 $6,424.54 —	$7,831.48 $7,831.48 —
Total Annual Cash flow	$6,990.00	$7,129.80	$7,566.20	$8,353.70	$9,223.16	$10,183.11	$12,413.15
Cash on Cash ROI	7.95%	8.11%	8.61%	9.50%	10.49%	11.58%	14.12%
Property Value	$85,578.00	$87,289.56	$92,632.38	$102,273.63	$112,918.35	$124,670.99	$151,973.24
Equity	$85,578.00	$87,289.56	$92,632.38	$102,273.63	$112,918.35	$124,670.99	$151,973.24
Loan Balance	—	—	—	—	—	—	—
Total Profit if Sold *	$4,668.00	$13,509.36	$41,108.62	$90,912.18	$145,899.34	$206,609.60	$347,644.11
Annualized Total Return	5.31%	7.41%	7.98%	7.36%	6.74%	6.23%	5.48%

* Property value minus net cash expenditures and sales costs Income, Expenses and Cash flow

Income

Expenses

Cash Flow

Loan Balance, Value and Equity

Originally posted by @Account Closed:

Transfer taxes in Pittsburgh are 4% but are 2% everywhere else. You would pay half and the seller would pay half. That means it will cost an additional $1,000 per $100k to purchase and another $1,000 to sell if you invest in Pittsburgh. That’s not much but it worth noting.

0 Votes

Pittsburgh, Pennsylvania

Hi all,

Many thanks for the heads up. By the way, how could I find this information? Transfer taxes and city wage tax? I have a hard time to know which properties are within the city limits and which ones not,

Have a good evening,

Ama

0 Votes

Pittsburgh, Pennsylvania

All Forum Posts by: Amalia Auge

Amalia Auge has started 1 posts and replied 15 times.

Post: Opinions on Holton-Wise Property Group

Post: 1900's multi family small unit in pittsburgh PA area

Post: How one 475K condo turned into $2.75M in Assets in 15 yrs

Post: First Flip Under Contract...and how things went.

Post: What are your thoughts on Rankin?

Post: Where invest in Pittsburgh (buy+hold) in the city or in suburbs?

Post: What are your thoughts on Rankin?

Post: What are your thoughts on Rankin?

Post: Where invest in Pittsburgh (buy+hold) in the city or in suburbs?

Post: Where invest in Pittsburgh (buy+hold) in the city or in suburbs?