All Forum Posts by: Joseph Beatty

Yasmin, I cannot speak on Hagerstown, but with REI in Pittsburgh, there's investors flocking to the area to get in on this market. One of my colleagues house hacks himself, and I plan on doing it as well once I can get the cash to put money down! There's definitely college oriented areas, but there are plenty of huge rental areas (such as Bellevue) where I think you could find success. Happy to connect if you're looking into options as I am an agent here in the Pittsburgh area. Good luck with your search!

Hello Nico! Have you purchased or looked into any multi-family opportunities yet? What areas are you particularly interested in? I'm an agent here in Pittsburgh, and would be happy to connect with you! 

The best thing you can do for yourself is to educate yourself as much as possible, come up with a plan, and execute it. Pick an area or areas you like and believe in, and look for the right deal, not just the first deal that comes along. Know what you're looking for and go for it! 

Hey Ayelet! There are a lot of hotspots around the city right now where you can find some affordable investment properties. Carnegie is a huge spot of interest for my investors, as well as Mt. Lebanon. An important detail to look into is school districts. It can sometimes make or break a deal when trying to sell a flipped house to a family. 

Quote from @Bob Stevens:

Quote from @Joseph Beatty:

Quote from @Bob Stevens:

Quote from @Joseph Beatty:

Quote from @Bob Stevens:

Quote from @Joseph Beatty:

I'd agree with Anthony that Pittsburgh is a great place to start investing in real estate. Cheaper houses than a lot of current markets, with all kinds of opportunities! 

 Give me the numbers, I am always looking for better opps 

thanks 

I work for New Western in Pittsburgh, and I just sold a house for 47,500 yesterday. 4 bed/1.5 bath that definitely needed some love, but our comps in the area put it at around 160k after about 50-60k worth of work put into it. For new investors, the entry barrier is much lower than a lot of markets. 

 So all in 115kish, sell for 160, net about 150k, so 35kish net on 115k, pretty good. I'm more about rentals, wealth us built not flipped :) what would this rent for ? 1700- 1900? 

The particular house that I sold yesterday our acquisitions team estimated it I believe anywhere from 1400-1600. I also agree that rentals right now are definitely the way to go.

 All in 115kish rent 1400- 1600 hmmm, I get all in 70kish rent for 1500, all in duplex 90kish, rent 1900- 2k, Again inventory is a challenge, I may connect. 

 716-550-6372, give me a call/text whenever and we can talk! 

Quote from @Bob Stevens:

Quote from @Joseph Beatty:

Quote from @Bob Stevens:

Quote from @Joseph Beatty:

I'd agree with Anthony that Pittsburgh is a great place to start investing in real estate. Cheaper houses than a lot of current markets, with all kinds of opportunities! 

 Give me the numbers, I am always looking for better opps 

thanks 

I work for New Western in Pittsburgh, and I just sold a house for 47,500 yesterday. 4 bed/1.5 bath that definitely needed some love, but our comps in the area put it at around 160k after about 50-60k worth of work put into it. For new investors, the entry barrier is much lower than a lot of markets. 

 So all in 115kish, sell for 160, net about 150k, so 35kish net on 115k, pretty good. I'm more about rentals, wealth us built not flipped :) what would this rent for ? 1700- 1900? 

The particular house that I sold yesterday our acquisitions team estimated it I believe anywhere from 1400-1600. I also agree that rentals right now are definitely the way to go.

Quote from @Bob Stevens:

Quote from @Joseph Beatty:

I'd agree with Anthony that Pittsburgh is a great place to start investing in real estate. Cheaper houses than a lot of current markets, with all kinds of opportunities! 

 Give me the numbers, I am always looking for better opps 

thanks 

I work for New Western in Pittsburgh, and I just sold a house for 47,500 yesterday. 4 bed/1.5 bath that definitely needed some love, but our comps in the area put it at around 160k after about 50-60k worth of work put into it. For new investors, the entry barrier is much lower than a lot of markets. 

I'd agree with Anthony that Pittsburgh is a great place to start investing in real estate. Cheaper houses than a lot of current markets, with all kinds of opportunities! 

The best thing you can do for yourself is to learn about the different strategies that you could pursue in real estate (Flipping, rentals, etc.) and pick one that best suits you. Once you focus in on that thing, it'll make it a lot easier on you. 

Happy to connect. My company has a couple referrals we could give you for property management in the Pittsburgh area.