All Forum Posts by: Joseph Beatty

There's definitely a lot of cheap multi families in the Pittsburgh area. Obviously, the condition of these varies with price, but if you're willing to put the money into them to update them, this could be a great strategy. A hard money loan with 10-15% down may also allow you to keep the Atlanta property, if you have the reserves to do it. Happy to connect if you need help finding multi's in the Pittsburgh area! 

Hey Brandon, I'm sorry to hear about your mother, but it's exciting that you're starting to get into investing! It depends on the property, but like the others have said, a lot of homes around Pittsburgh are old and will need more maintenance. Happy to connect if you have any questions about investing in the area! 

If you need any help finding a new contractor in the area, please reach out. My brokerage has a list of names I'd be happy to refer to you! 

I would recommend saving up some cash while you're educating yourself through the podcasts, books, forums, etc. Once you feel like you're ready to dive in, house hacking a duplex/triplex is a great start getting into investing. You'll have a place to live, and if you can find tenants, you'll have most if not all of your payments paid for! I would definitely have some reserves saved up in the event that anything comes up. Best of luck in your future investments! 

Your best bet is probably going to be working with a hard money lender. With your prior experience investing, you should be able to find a lender that will allow you to put 10% down, and they will also cover the repair costs. It would be tough to find a lender that will finance everything. 

Jennifer, Pittsburgh could be a perfect destination for your buy box. I work for an investment brokerage here in the city, and we sell houses within that budget all the time. A lot of the investors that I work with will get all of their properties Section 8 approved, which guarantees the rent at a higher rate than you could normally get for it. 

If you are out of state, I would definitely recommend establishing relationships with contractors, property managers, agents, etc. before you start to make sure you are set up for success. 

Neighborhoods I would recommend looking in would be Carnegie, Plum, and Bellevue (huge rental area), to name a few. Happy to connect! 

Hey Sasha, I'm an agent here in Pittsburgh, and if you're looking for connections to other professionals in the area, don't hesitate to reach out! I work with a lot of investors who have moved from renting to flipping due to the high volume of opportunities all over the city! Being out of state though, I'd definitely recommend establishing relationships with contractors in the area who would be able to walk properties for you and make sure that the deals you are looking at are right for you. 

Hey Babi, hopefully you've gotten into the market by now and are doing well! If you're still looking for professionals to connect with, I work with an investment brokerage downtown, and can definitely point you in the right direction. Happy to connect! 

Shawn, I agree with Nathan that while you might not get your money back from installing the mini splits, it can definitely help you sell the property faster. It's really just a matter of your budget and whether or not the mini splits would work with your numbers. 

Hey Daniel, if you're unable to walk the properties yourself, your best bet would be to establish a relationship with a local contractor to estimate costs for you. I work with an investment brokerage here in Pittsburgh and have some numbers that I could send your way. Happy to connect!