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All Forum Posts by: Max Feinberg

Max Feinberg has started 4 posts and replied 111 times.

Post: New Investor in Pittsburgh area

Max FeinbergPosted
  • Real Estate Agent
  • Pittsburgh, PA
  • Posts 118
  • Votes 62

Hi Mark! I don’t personally invest in Fayette county, but I have many clients who do. I’d be happy to connect! Feel free to reach out.

Post: I'm going into the Pittsburgh market

Max FeinbergPosted
  • Real Estate Agent
  • Pittsburgh, PA
  • Posts 118
  • Votes 62
Quote from @David Kraus:
Hi, my name is David Kraus I am now entering the Pittsburgh market and I am looking for a family apartment to buy and hold My budget is $150,000 And I am looking for a family house with 3 rooms and at least 1000 square meters I would be happy to know neighborhoods that are recommended to look at and explore According to the property I am looking for I would appreciate your assistance! Thanks!:)

David,


A few additional markets to consider in that price point that are just outside the city are Avalon, Penn Hills/Verona, Brookline (might be just above budget, but may find something), Swissvale. I’d consider looking a bit further outside the city though as the price points are lower for what is often “better” neighborhoods.

Post: Best Market for Long Distance Small Multi-family Rentals

Max FeinbergPosted
  • Real Estate Agent
  • Pittsburgh, PA
  • Posts 118
  • Votes 62
Quote from @Nick Hulme:

My wife and I are renting out the basement of some close relatives in San Jose, CA. We're comfortable and are in no rush to leave. We both have good jobs in the south bay. I also grew up in this area and most of my family still lives here, so we would like to stay in or around San Jose... We also want to start investing in real estate, and the bay area isn't exactly a friendly market for people in their mid-twenties just getting started.

We've done some research, and the best strategy seems to be long distance long term rental properties. I like the idea of small multi-family and would like to use the BRRRR method if possible (might be difficult from another state though).

That said, what are the best markets to consider? We're looking for the best combination of job growth, population growth, vacancy rates, equity forecasts, rent prices, multi-family home prices, weather, and tax burdens. Please let me know what other factors I ought to take into account!

Some spots I've been considering so far:

Florida - Jacksonville / Orlando

Tennessee - Nashville

Texas - Austin / Dallas / San Antonio

Alabama - Birmingham?

Missouri - Kansas City / St. Louis

North Carolina - Raleigh / Charlotte

Utah - Salt Lake City / Provo

Arizona - Phoenix


Pittsburgh is a fantastic market for out of state investors. We have a decent amount of small multi family compared to a lot of the markets that you mentioned, and are far more affordable than the likes of Phoenix, Raleigh, Austin, etc.


Over the years, I have helped many people from the Bay Area find property here is western Pa! I’d be happy to connect you with some of them if you are interested…maybe they could share their experiences here with you!

@Tyler Fitzpatrick Hi Tyler! Pittsburgh is a great market to house hack and the numbers/types of properties you are referencing is generally a sweet spot for this type of thing. I house hacked my first home here and have many clients who have successfully done so in the past (even a few who are currently under contract and moving to the area as soon as we close). Some areas that may be worth monitoring around here in that price point are Beechview, Brookline, Carnegie, Verona, Bellevue/Avalon, and more.

Post: New to the Pittsburgh Market

Max FeinbergPosted
  • Real Estate Agent
  • Pittsburgh, PA
  • Posts 118
  • Votes 62

Hi Cameron…are you looking to do fox and flips? BRRR?

Post: Aspiring Investor: I need help picking a city

Max FeinbergPosted
  • Real Estate Agent
  • Pittsburgh, PA
  • Posts 118
  • Votes 62

@Michael Estacion Pittsburgh would fit what you are looking for perfectly. With 45k, you have the option of a single family rental in a B type area or even a small multi unit. Which you prefer will depend on your risk tolerance, cash flow expectations, etc. Let me know if you’d like to chat further, I’d be glad to have a conversation about some potential neighborhoods/types of properties that would work for you.

Post: 15221 Area Code

Max FeinbergPosted
  • Real Estate Agent
  • Pittsburgh, PA
  • Posts 118
  • Votes 62
Quote from @Imtiaz Koujalgi:

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

Taz
Welcome to Pittsburgh! I agree with Abdul that it is wise to analyze by neighborhood as opposed to zip code in Western Pa. 15221 is a perfect example as it covers a lot of types of neighborhoods with different pros and cons. You’ve got regent square, historically one of the best places in the city to live, but exorbitant taxes. You’ve got East Hills with higher crime rates and far lower price points. As others have said, Forest Hills/Braddock Hills probably falls somewhere in the middle and may be more of what you are looking for based on your posts. 

Post: Institutional or Hedge Fund Buyers

Max FeinbergPosted
  • Real Estate Agent
  • Pittsburgh, PA
  • Posts 118
  • Votes 62

Hello Ranya! Please send me details…I may have buyers who are interested.

Post: I'm looking for an experienced and reliable property manger

Max FeinbergPosted
  • Real Estate Agent
  • Pittsburgh, PA
  • Posts 118
  • Votes 62

Hi Karin...where are the properties located exactly?

Post: New Investor - House Hacking - South Hills / Greensburg Areas

Max FeinbergPosted
  • Real Estate Agent
  • Pittsburgh, PA
  • Posts 118
  • Votes 62

Hey Weston! Congrats on making the jump into REI. It's a great thing that you are willing to put a little work into a property, as that will open up way more opportunities for you! I'm not sure what's going on in other cities, but I know around Western PA it still very much feels like a seller's market. Properties that are totally turnkey are going fast!