All Forum Posts by: Brian Josey

@Bryan S. It may sound bigger than what it really is. The exterior repairs in my opinion is typical of a neglected property.  The deck/pool seems to  be the biggest issue on the exterior. Wish i had pictures to post.  But with that being said, I have no clue yet on the interiors condition. I have considered trying the whole selling route with this property.  1st step is successfully contacting the owner of the property. 

Thanks, Saheed. Much appreciated.

@Jennifer T. Lots of helpful information Jennifer. Yes, I was thinking about flipping it. I definitely would have a GC look at it and give me an estimate before making any type of offer. The inside condition of the property is big question mark, and like you mentioned it could possibly need the works.

@Gary Swank You may be hearing from me in the near future.   

@Eddie Werner Thanks I will keep those locations in mind.

@Aaron Froggatt

I also been looking at a potential flip in Upper St Clair near my home.

@Aaron Froggatt

I have been looking in multiple areas but recently I found some potential rental properties in the 15132 zip code (McKeesport).

Hello my name is Brian, currently living in the South Hills area of Pittsburgh,Pa with my wife and son. I am looking to begin my journey towards financial freedom thru passive income via real estate investing so that I can spend more time together with my family. My business strategy is the buy and hold method throughout the greater Pittsburgh area. I am open to flipping a home if the right opportunity came along. I'm always looking for great sound advice and possibly a mentor.

I believe i found a potential HOME RUN deal, but not sure if i am ready yet..

Here is the situation. i am new to BP and REI. I just wrapped up reading How To Invest In Real Estate the Ultimate Beginners Guide to Getting Started.  I have listened to dozens of BP podcast (Starting at Episode#1) since beginning of July 2019 and i  tune into basically every Webinar, every Wednesday.  I  just wanna learn as much as possible as fast as possible.  The book talks about getting your financial house in order before truely getting started in REI.  I have been working on improving my credit score (since March) as #1 priority, which has been working.  If i put on a pair of  my  wife's heels i would touch a credit score of 700.  Since BP came into  my life i  have been obsessed with scoping out vacant, run-down or any property that looks like a potential investment opportunity.  One property in particular has been "my precious". Single family, Split level, Built in 1965, 4Bed, 2.5 Bath, 1780 Sq Ft living space.  It's been vacant for about 4-5 yrs.  This house is in my neighborhood and i have been jogging passed it for years wondering why has someone let this property sit like this. The other day i stopped and looked thru the windows and saw garbage & debris everywhere.  I walked around to the backyard to  see a weathered deck surrounding a nasty pool.  It needs a new roof, gutters and TLC to the landscape, needs new driveway & sidewalk.  All in all from what i SAW,  i think its a steal ...at the right price of course.  I researched comps in the area that was selling between $250k-$275k. I  want to jump on this gem, but where do  i start?  I found the owners info via the county assessors office but his mailing address is the same as the vacant property. Maybe his mailed is being forwarded...who knows. I have no  idea how to estimate the visible repair cost (roof, gutters, landscaping, new driveway, etc.)  I typed a letter to the homeowner to see if he is willing to sell.  My question to you all is should i even move on this.  remember i am new to  REI, credit score JUST a hair under 700.  Dont want this to  be the start of Analysis Paralysis.

i am open to advice BP community...

Thanks Derek. To be perfectly honest wholesaling seems very difficult, at least more difficult than the "Gurus" make it sound.  

We want to buy & hold for passive income. The BRRRR method REALLY got my attention.

  I'm trying to educate myself as much as possible, so far BP as been a wealth of information. Currently I am reading How To Invest In Real Estate- The Ultimate Beginner's Guide to Getting Started by Joshua Dorkin & Brandon Turner.  Great read so far.  I also started listening to the BP podcast 3 days ago...started at episode 1, on episode 13 now.