All Forum Posts by: Imtiaz Koujalgi

This is great Pat. Thanks a lot for the detailed response. You are right that the condos can surprise you with costs and then you obviously have the HOA burden with condos that can eat into your cash flows. What I have found attractive about condos though is that they are relatively low hassle since there is not much that can break - since most of the structural upkeep is done by the HOA and apart from some small break fix or appliances, I haven't had to deal with any major repairs, and that's a big relief especially if you are managing properties remotely. Thanks for mentioning that the competition older condos can have from the newer apartment complexes. I think that's key in many markets where there is new construction. I will expand my search to other triad markets. Are there zip codes within those towns that are low-crime and decent prices?

Thx

Thanks a lot Evan. That's really helpful.

Got it, thx a lot.

Hi Guys,

I am looking for rental investments in North Carolina , but since Raleigh and Charlotte seem a little overpriced, I am looking for cheaper locations that are ranked well. Did some research online and Greensboro and Winston-Salem came up as good options. My strategy is to buy and hold as long as the rent covers the costs ( mortgage, HOA, taxes etc) Would love some insights on these cities. What are the good zip codes that would attract a good tenant profile. I would appreciate any insights on 27106 zip code in WInston-Salem. It seems it is ranked well by real estate websites like niche.com and the prices seem to be in a good range. e.g. this listing below could fetch a rent of ~$1450.

1104 Aspenwood Ct, Winston Salem, NC 27106 | 23 Photos | MLS #1107428 - Movoto

Would appreciate any thoughts on both the markets and any potential issues / areas to avoid.

Thx

Got it. Thanks a lot.

Thanks Anthony. This is an example of the unit I was looking at in the 15221 area code. Looks like it will rent for ~$1500 and will cover the costs. I agree that the taxes seem a bit high, but the math still works out for me if I can get a rent of $1500 for this.

7553 Penn Bridge Ct, Pittsburgh, PA 15221 - For Sale (homes.com)

My price range is not more than $175K. If I can get a condo or townhome that can attract a g

What is Forest Hills zipcode? I would rather not do Section 8 tenants. I know the rent is secured by the vouchers, but I have heard that there are other multiple issues that one needs to deal with in those cases.

Thx

Hi,

I am new to the Pittsburgh market and exploring rental investments. I understand that like any other city, there are good pockets and bad pockets. I would really appreciate any feedback on the 15221 zip code. My strategy is to buy and hold as long as the rent covers the mortage + tax + hoa. I see there are a few condos in this zip code that would meet that criteria, but I am not sure what kind of tenant profile this zip code attracts. Is this a safe area? Would it attract tenants with stable jobs and good credit history. If there are recommendations for other zip codes within Pittsburgh that look interesting, would love to hear that as well. Thanks in advance.

Regards,

Taz

Thanks for all the responses everyone. Really appreciate it.

Thanks Mel.

What are the good zipcodes in OTP? Are there commuter suburbs which are safer than ITP, but not too expensive?