All Forum Posts by: Stefan D.

@Maurice D. Laziness is what I'm hoping for. Thanks for the advice.

@Christopher Phillips I was thinking that after this lease expired I would get out of section 8 to increase rent

@Chris Gordon Not yet, also solid advice.

@Jason D. No I'm not sure why it's so low.  The neighborhood is B/C, Swissvale in Pittsburgh, but a 4 bedroom should be much more than that.  I'll ask my realtor to try to get some color on that.

@Christopher Phillips Ok thanks - this deal working out hinges on getting better rent, I'll do more research and try to make sure that's actually possible.

I'm looking at a four bedroom SFR that has sat for a while, with a price reduction. Seems like it could be a great deal, what's the catch? It has a section 8 tenant paying far below market rates: $702 per month, when rent should be $1000.

It seems like it could be a great opportunity: Let the Section 8 tenant's lease expire, then raise rent (Either continue with section 8, or leave that program).  

BP community, please enlighten me: What could go wrong?

Thanks @John James Smit It doesn't seem to be a bad neighborhood to me, but I appreciate the input and will look at crime stats and get some more opinions on the area

Thanks guys - does seem pretty decent - but now that I'm figuring out the taxes it does cut into the cash flow a bit.  

Phil - I'll PM you.

Hi BP Community,

First time poster on BP.

I'm looking to purchase a single family home in Penn Hills, remotely.  This is my 2nd property after one in Homestead.  Anybody else investing there or considering it?  I'd love to some opinions/speculation on the future of the area - houses are sitting and prices are falling.

Where else are you all looking for cash flowing single family's?

Appreciate anything you all might share,

Stefan