All Forum Posts by: Savannah Lewison

@Jeremy Taggart @Jim K. I would be owner occupying and using a first time homeowners loan. I’m not familiar with the Knoxville area. I’m okay with C neighborhoods. I looked up the rents using rentometer. Two of the units are 3 bedroom, that being said still think I’d need to lower rents a bit? 

I estimated 80k for rehab which was a guess but I added this into the purchase price because I would use a loan for purchase and rehab. Any and all feedback is appreciated!

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*This link comes directly from our calculators, based on information input by the member who posted.

You are right. They listed it as Sewickley, but upon pulling it up on google maps I see it’s in an area called Herminie. That was misleading. Thank you for pointing it out! @AJ Simeone

Please view the report below. This is a place I found today in Sewickley. I'm not familiar with the area but because I will be living in one of the units I'm on the hunt for B neighborhoods possibly outside of the city. If you are familiar with this area, what are your thoughts on it? Also please take a look at the deal and let me know how I did with analysis! I was wondering if this may be a flood zone... also it could just be the photos but it's possible something with the foundation is off and if that was the case I most likely would not purchase.

Thank you in advance!

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*This link comes directly from our calculators, based on information input by the member who posted.

I love this!! This is my exact plan, I am very specific, FHA loan in order to house hack a duplex and go from there. Thank you for sharing.

Here is another deal that I've analyzed. As always please let me know your thoughts!

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*This link comes directly from our calculators, based on information input by the member who posted.

@Chris Gordon I have been hearing about how neighborhood specific it is! I guess it’s hard to have a general % rule for the city as it sounds like it’s more neighbood by neighborhood, even street by street. 

To those who purchase in Pittsburgh: when looking through potential properties, what have you found to be the most accurate % to use on running quick numbers to see if there may be some cash flow before deep diving into analyzing? 1.5 % 2% 3% or more? 

I am specifically referring to the formula: 

monthly rental income/purchase price = x 

If x is greater than said percent then you’ll look further into anylzing. If less than, you know it probably won’t cash flow. 

I love reading this! Inspiring. Value add can be the difference of thousands and even hundreds of thousand in your case!

@Alex Deacon That’s interesting. I just analyzed a deal a month ago with cash flow. I have never had an investor from Pittsburgh say that cash flow is not possible at all in the city. I’m not looking for huge returns just a couple hundred a month starting off. As long as I’m in the positives. You think this is totally impossibe?