All Forum Posts by: Sean H.

I agree with @Andrew Campbell.  A logo may be necessary for branding your business, but what is most important for your success is taking the daily actions in your real estate business that allow you to accomplish your goals.

For the logo, I would check either fiverr or upwork to get it done quickly and cost effectively.

@Chris Shepard How did this turn out?

@Chris Adams How is this project going?

Congratulations @David Zheng, that's a great deal!  I do think you should consider @Jay Hinrichs perspective though.  Maybe a combination of both worlds and get a line of credit for the $291k equity so you have some cash available but you won't be paying interest if you don't need it.  

For my landlords who want to make their own equity and get a great return this is the house for you. Granted she’s small, but she brings a king’s ransom in return. Rents will range between $1,000 and $1,200. That means conservatively if you put an additional $20,000 into this property you will have a cap rate over %15 after removing taxes and withholding.

Unbiased Walk through:

https://www.youtube.com/watch?v=iQt78xeemcQ

Income Breakdown

$1,000/ Month

Taxes (Post Sale) : 1018.65

Net Income after 10% Withholding = $9,781.35

Cap Rate = 15.05%

Purchase Price $45,000

2900 Patterson St, Pittsburgh, PA 15203

Zestimate®: $86,016

Great Beechview Property Being Sold on Terms

1406 Hampshire Ave, Pittsburgh, PA 15216

Arv $90,000-$120,000

Rents $900 - $1,150 Month

Terms of Purchase:

This house is being sold with a down payment and a premade loan.

The down payment is $10,000.The loan is $45,000. There is no underwriting or closing cost on the loan. The payment is $500, of which $200 goes directly to principle. If you have not paid it off by March 2024 a balloon payment of $28,800 will be due.

The house needs minor cosmetic work, to better show that please what the unbiased video below.

https://www.youtube.com/watch?v=s5NjbRxhqt0

Comps:

1617 Rutherford Ave, Pittsburgh, PA 15216 Sold (3 Beds 1 Bath) SOLD $95,300 on 6.17.2016

1608 Napoleon St, Pittsburgh, PA 15216 (3 Beds 1 Bath) SOLD $159,900 on 6.2.2016

1542 Rutherford Ave, Pittsburgh, PA 15216 (3 Beds 2 Bath) SOLD $104,900 on 8.24.2015

1404 Belasco Ave, Pittsburgh, PA 15216 (3 Beds 1 Bath) SOLD $93,000 on 8.13.2015

I also like "Never split the difference".  Perfect, easy negotiating from someone who dealt at the highest level.  

I dropped this turnkey rental in Pittsburgh down to $75,000.  

Check out this duplex in Avalon. The left side is rented at $975/month through February 2018. The right side is in the video below. Both sides are 4 beds and 1 bath. The utilities are split. The property is rent ready with on street parking. This will make a great addition to any portfolio.  However, this is also a great opportunity to house hack in Avalon, a great suburb of Pittsburgh.  Let one side pay most or all of your mortgage!  

Unbiased Walkthrough:
https://www.youtube.com/watch?v=-UZgMoNICQE

Income Breakdown

Left 975 + Utilities
Right 925 + Utilities (Prior Tenants Rate)

Purchase Price $150,000

Here is a video for this turnkey rental in Pittsburgh

Video for Fountain