All Forum Posts by: Michael Scarpa

Hi everyone who here invests in the Canonsburg Pa Market?

Does anyone buy in this area? Curious to see people’s thoughts on the Charleroi Area.

We do!

@Julian Snyder I found this through the MLS. It was posted and I called my agent to schedule a viewing quickly. It really came down to focusing on one area of the city I invest in and religiously checking.

Since then though I am moving into direct to seller marketing as well for my second deal. Hopefully it goes well!

Thank you Everyone! 

@Dmitriy Fomichenko Thank you!!

@Julian Snyder Thank you! I am currently waiting for the appraisal to come back but when we bought the home it appraised for $134k. We are hoping to be in the $145k-$150K range. We are going to wait a year or so to refi or put a HELOC on it due to the price to rent ratio. Once rents in the area increase a little we are going to pull our initial out. It is in a section in Philadelphia with immense development going on, so we decided to be patient.

Investment Info:

Single-family residence buy & hold investment in Philadelphia.

Purchase price: $95,000
Cash invested: $15,000

Our first rental to our Buy and Hold portfolio! Used a homestyle loan for renovations.