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All Forum Posts by: Anne Christensen

Anne Christensen has started 15 posts and replied 44 times.

Post: Analysis Paralysis - Help Needed to Make My First Deal

Anne Christensen
Pro Member
Posted
  • Posts 44
  • Votes 24

Hi all,

I've been listening to the podcasts, engaing on forums and analyzing deals for about 3 months.  I've got my long term goal....retirment income in 10-15 years figured out, identified and traveled to a few markets I think could work.  I'm stuck probably becuase I'm scared of making a wrong move.  Can anyone give me some advice, steps I may be missing to make a confident decision on making my first deal? 

Post: Are Meetups a Good Strategy for Networking or am I Just going to get "pitched"?

Anne Christensen
Pro Member
Posted
  • Posts 44
  • Votes 24

Thank you Jordan!  Happy to connect with you.  LinkedIn sounds like a good idea.   :) 

Post: Investing in Pittsburgh?

Anne Christensen
Pro Member
Posted
  • Posts 44
  • Votes 24
Quote from @Jamie Dietz:

I always recommend an agent that is also a successful investor.  Feel free to reach out to discuss your goals and I can connect you with the right agent for your search.  


 Thank you Jamie,  I'll give you a call.  :) 

Post: Investing in Pittsburgh?

Anne Christensen
Pro Member
Posted
  • Posts 44
  • Votes 24

Hi Nicholas,

We are just outside of Washington, DC in Montgomery Cty. MD.

Post: Investing in Pittsburgh?

Anne Christensen
Pro Member
Posted
  • Posts 44
  • Votes 24
Quote from @Nicholas L.:

@Anne Christensen

where are you located?  Pittsburgh is a great market but there can be major variations among and within neighborhoods. 


Post: Investing in Pittsburgh?

Anne Christensen
Pro Member
Posted
  • Posts 44
  • Votes 24

Thanks so much Jonathan!  I would love to connect with them and you. 

Post: Investing in Pittsburgh?

Anne Christensen
Pro Member
Posted
  • Posts 44
  • Votes 24
Quote from @Jonathan Greene:

Less than .1 percent of real estate agents are really investor-friendly and invest themselves. Most don't know anything at all about investing and a lot want to work with investors, but don't invest so don't have the experience.

Pittsburgh is a good investment market so there are going to be strong investor-friendly agents there. I don't personally know one, but I have friends who has a couple doors there who I could put you in touch with. They are a couple and have nothing to pitch, just investors.


Post: Investing in Pittsburgh?

Anne Christensen
Pro Member
Posted
  • Posts 44
  • Votes 24

This is incredibly helpful advice!  Thank you so much. 

Post: Investing in Pittsburgh?

Anne Christensen
Pro Member
Posted
  • Posts 44
  • Votes 24
Quote from @Jeremy Taggart:

@Anne Christensen BRRRR can still work here on the equity side of things. Plenty of fixer upper homes that have good margins after rehab. You just won't really have a ton of positive cash flow right off the bat if you are refinancing at 70-80% LTV at today's interest rates.

Multi family you can get both but those are tougher on the equity side of things since they cost more to rehab compared to a single family home. So won't tend to find as many oppotunities that work to maximize equity gained like single family homes.

For single family homes you'll want to stick to neighborhoods under about $225k ARV in order to have rent/price ratios that make sense on the backend for holding as a BRRRR. In most instancdes anything higher than that is more flip territory now with the higher interest rates.


Post: Investing in Pittsburgh?

Anne Christensen
Pro Member
Posted
  • Posts 44
  • Votes 24

Hi,

I'd love to hear success stories from investors in the Pittsburgh area! I am researching the city and surrounding areas and seriously considering it for my first BRRRR. Can anyone recommend a great REI friendly agent? I read a few reviews on an agent that came up on BP and they were not great. Many thanks!