All Forum Posts by: Johnathan Alesso

Single family home (2B/1Ba) with tenant in place. Tenant pays all utilities. Rehabbed in November of 2017.

The current property manager is willing and ready to manager the units for the buyer.  The property is rented with a tenant who pay all utilities.  Please contact Johnathan at [email protected] or contact the listing agent at .

Income: $550/month

Insurance: $50/month

Property Management: $55/month

Taxes: $35/month

Maintenance: $60/month

432 Fremont St., Clairton, PA 15025

$22,200

Single family home (3B/2ba) with new tenant in place. Tenant pays all utilities.

The current property manager is willing and ready to manager the units for the buyer.  Please contact Johnathan at or contact the listing agent at .

Income: $550/month

Insurance: $50/month

Property Management: $55/month

Taxes: $60/month

Maintenance: $50/month

Total cash flow: $335/month

$22,000

Duplex (1B/1Ba each) with both units rented. Tenants pay all utilities. Both units rehabbed in November of 2017.

The current property manager is willing and ready to manager the units for the buyer.  Please contact Johnathan at [email protected], or contact the listing agent at 412-606-3681.

Income: 350/month per unit = $700/mo

Insurance: $40/month

Property Management: $70/month

Taxes: $35/month

Maintenance: $70/month

Total cash flow: $485/month

Three fully rented townhomes in Clairton, PA (20 miles south of Pittsburgh).  These units have stable, current tenants with a strong payment history.  Both 1206 Madison and 1106 Madison Ave received substantial renovations in the summer of 2016.  601 Washington Ave has a long term tenant who pays reliably.  There are no HOAs.  We accept cash or financing offers. The current property manager is ready to continue managing units for the buyer. 

Package of three for $70K.   Individual townhome for $25K

Package of three townhomes for $70,000

Rent: $1,500/mo

HOAs: $0

Taxes: $180/o

Insurance: $81/mo

Maintenance and repairs:  $225

Management:  $150

Vacancies:  $75

Total Cash flow:  $780-800/month in total.  9-10% ROI

Individual townhome for $25K

Rent:  $500/mo

HOAs: $0

Taxes: $60

Insur.: $27

M&R: $75

Management: $50

Vacancies: $25

Total cash flow:  $263/month for single unit

Package deal with 20% financing

Down payment:  $15,000

Loan:  $55,000

Net profit per year:  $1886.71

ROI: 12.5%

Please contact me if you are interested.  We have an excellent property manager ready to continue working with the buyer after purchase. 

Johnathan Alesso

[email protected]

412-720-1607

Thanks, all, for the responses.  I have thought about both SLC and Boise, but I have never visited either.  Boise is appealing because it is dramatically cheaper than California.  I want to look into what multi-units are available in these cities. 

Greetings fellow investors,

My partner and I own all of our properties in Pennsylvania, yet we live in California.  The price of housing is exponentially higher in Southern California compared to western PA.  We currently rent in CA, but want to buy a place so that we begin to pay down principal, accrue tax benefits, and lock in a monthly housing payment in a rising rental market.  The San Diego market is too expensive for us to buy a duplex, so we are considering a single condo. 

But that's not ideal from an investment standpoint since we want to be financially free in a few years.  We are open to buying a place in another market in the western third of the country (Denver and points west) and renting that property out for our future habitation during retirement.  A duplex in another western city would be ideal. 

Do any of you have recommendations on medium-to-large western cities that have reasonable prices with cash flow (however minimal) potential?  I know that Salt Lake City is reasonably priced, as is Tucson and Phoenix.  I'm eager for your thoughts!

Hi Michaela,

Can you please provide a cash flow breakdown given an 80% loan?

Thanks,

Johnathan

I have a property manager lined up to manage the unit once purchased. 

I own about 25 properties in the Mon Valley and based on my experience see truth in everything that was written above.  Many of the properties are extremely lucrative given the high cash flow, but some are complete nonperformers due to tenant issues and continuous repairs.  I would certainly recommend the area to investors, but with the caveat to pay close attention to the tenant pool and deferred maintenance prior to purchase.  The most difficult areas for us so far has been Clairton and Donora.  Monessen, Charleroi and North Charleroi have been solid so far. 

I recommend using section 8 in this area for the reliable rent.

Townhouse south of Pittsburgh in Clairton, PA with great cash flow potential.  The unit currently needs about $1,000-$3,000 in cosmetic repairs.  For tenant ready conditions only, the figure is likely closer to $1,500-2,000 in repairs.  Sold as is.  

Sale price:  $11,000

Rent:  $500

Property management: $50

Taxes:   $21/m

Insurance:  $34/m

HOA: None

Repairs and Maintenance:  $50/m

Capex: $45.m

Cash flow:  $300/month

Price is negotiable.  All offers welcome.  Link:  6501 Soltis Ave

Contact me if you are interested:  [email protected]