All Forum Posts by: Matthew Bonosky

Hey Trevor! If I come across any off market deals in Butler I can definitely send them your way. Do you look at on-market deals, too?

If you have any questions about the Pittsburgh real estate market, let me know and I'll be happy to help. It's a wonderful area to invest.

@Joshua Smith I'll be happy to help! I'll send you a message here shortly

@Sharls Alexander I've had great success with A Harmony Home Inspection and Guardian Home Inspection. I tried posting their contact info but it won't let me on here

Hi Sharls!

You have chosen a great place to park your cash in the Pittsburgh, PA market! I've had investor clients lately having a lot of success in the Carnegie, Crafton, New Kensington, Lower Burrell, Arnold, and Natrona Heights markets. As an example, recently a client of mine purchased a duplex in the Crafton Heights area for about $80k and it rents out around $650-$700 per unit. So after all expenses, it cash flows nicely. The other areas can have similar deals as well. Obviously the rents vary per area, but the goal you have can be accomplished in Pittsburgh. Let me know if you have any other questions or would like some help :)

Hey Joe!

Oakland can be a great area to own a rental. Overall, I don't see the property values going down with CMU and Pitt being right there (except in an overall market downturn). You would have to take into account that the majority of tenants would be students which can be a plus or a minus depending on how you look at it. So if you did acquire a property in that area, timing would be crucial to make sure it's rented during the peak school leasing season.

Welcome to Bigger Pockets, @Brett Kamin ! You'll find a wealth of information on here and I love your chosen markets to go after once things subside here. If you're open to the north hills as well, I would consider areas such as Westview and Bellevue too. If you have any questions, please feel free to reach out and I'll be happy to help.

Happy learning!

Hi Julie! There are a couple of great flat-fee brokerages in the area if that's your goal. Feel free to message me, I know the pros and cons of some of them :). 

Best of luck in your endeavors in Western PA!

@Karen Lin Sure! I just sent you a message

@Karen Lin You're most welcome! Those were just the residential stats. The multi-unit stats are:
2015- $131,983 Duplexes $125k-$160k, Triplexes $160k
2016- $186,983 Duplexes $159k-$239k, Triplexes $120k-$145k
2017- $243,000 Duplex $150k, Triplexes $200k-$275k, Garden Condos- $325k-$425k
2018- $243,750 Duplex $160k, Triplex $330k
2019- $264,167 Duplexes $140k-$250k, Triplexes and Fourplexes- $325k-$365k

I'm honestly not sure on building costs if you wanted to tear down and build from scratch but I'm sure someone will know. For the kitchen and bathroom remodel, if you have a bit of a discount from suppliers you can do a nice kitchen remodel for around $12,500, low end for around $6,500, bathroom remodel for around $4,000-$5,000. 

I hope this helps! And if you need help finding the right properties if you decide to invest in Pittsburgh, let me know :)