All Forum Posts by: Miranda Micire

Yes I think so.. I rented my place in Brookline for $1600 3 bd /1 ba, Brighton Heights 4 bd/ 2ba $1650, Wilkinsburg both 1 bd /1 ba utilities included at $825 / $795.

I have one currently listed for a client - I've had a bit of a hard time with but the rental price is too high and I've been slowly lowering it to something more reasonable for the area its in.

0 Votes

Pittsburgh, Pennsylvania

Quote from @Mike Schoeffel:

I'm on the verge of making an offer on a 2/2 on the Southside (a good part of the Southside), yet I'm hesitant because I've heard the harsh Pittsburgh cold/snow can make units hard to fill in the winter. How true is this? I don't want to get stuck covering the mortgage for six months until the weather warms.

Thanks ya'll.

I've just filled four units relatively quickly with qualified tenants because I priced them fair and they are really well-maintained all over Pittsburgh - Brighton Heights, Brookline, Wilkinsburg. I think you can find a good tenant any time of year.

2 Votes

Pittsburgh, Pennsylvania

Pittsburgh's a good option for this.

0 Votes

Hi Daniel, I am in Pittsburgh and would be happy to share some knowledge. Let me know if you'd wanna connect!

1 Vote

Pittsburgh, Pennsylvania

Quote from @James Devoe:

@Miranda Micire

That's very interesting, I will look into this.

I was told you should only use this strategy with off-market deals as you might interfere with a real estate agent's commission if you use this on an on-market deal.

Was your agent ok with you using this strategy?

Yes both the listing and selling agents received commission as usual

0 Votes

Long Island, New York

Are you also open to on market deals? You could submit a seller financed deal on market. I did that and it worked well. I looked up the seller on the county's tax website, reached out to her on Facebook explaining I was interested but only if she'd consider seller financing, she said yes, so I went to view the property. She met me there even though her and my agent were both there, we hit it off. She accepted my offer over cash offers.

As for your off-market strategy, how are you reaching out to folks? Calling them, sending letters, etc? I would say a hand written letter usually works best in getting calls.

2 Votes

Long Island, New York

Quote from @Jay Martin:

PM that does section 8 in Pittsburgh?

What part of Pittsburgh?

0 Votes

Pittsburgh, Pennsylvania

Quote from @Darryl H.:

Hello! I am first time real estate investor from California. I am looking to BRRRR in Columbus OH, in North Linden or any similar C+/B- neighborhood. My budget will be around $200K saved up within the next year to finance a cash offer and rehab.

I am planning for a 3 bedroom SFR, cash offer of 125K-150K, and rehab costs of 20K-40K. Including closing & holding costs I can be at ~170K all in, and I am guessing around 200K ARV (maybe a higher ARV? I need to get some more opinions on this too). Does this all sound reasonable so far?

With a 75% LTV I would have to leave ~20K in the deal. I think I would be okay with this since it is half the down payment of a $200K property, I would have 50K in total equity right from the start, and I get a fully refurbished property. Minimal cash flow is acceptable for me because it seems like appreciation and increased rent could work well for me long term. I also do not plan on quitting my W2 job any time soon.

Are my expectations with BRRRR too low here? I already spoke with an agent & contractor that have been super helpful with all my questions. I just cannot get the numbers to work out to fully recoup all the money I would put in. Should I just consider a different market where I have a better chance to recover more of my cash invested?

Let me know if you'd consider Pittsburgh, PA to invest!

0 Votes

Columbus, Ohio

Quote from @Shlomi Bouganim:

Hello everyone! I'm a new investor in the Pittsburgh area and I'd love to connect with members here to share information of recommended areas to invest, and recommendations of professionals to work it. Shoot me a message if you have some time to help out a newcomer ;)

Hi there! I’m also in Pittsburgh. It’s a great city!

2 Votes

Pittsburgh, Pennsylvania

All Forum Posts by: Miranda Micire

Miranda Micire has started 4 posts and replied 78 times.

Post: Agent . property manager, in pittsburgh

Post: How hard is it to fill rentals in the winter?

Post: How hard is it to fill rentals in the winter?

Post: Long Distance BRRRR Advice

Post: Pittsburgh, PA - SFH Investing?

Post: Trouble Looking for Off-market Deals

Post: Trouble Looking for Off-market Deals

Post: Property manager in Pittsburgh SFR Section 8

Post: Expectations for BRRRR in Columbus OH

Post: New to BP Looking to connect