All Forum Posts by: Yang Zhang

Hey BP folks,

I just purchased a duplex (2b1b x 2), with the following numbers.

- top unit: vacant (previous owner lives here)

- bottom unit: $650/month (good tenants, rent never changed since move in since 2012, market rent: $850/month) 

After doing some background research, I found both units could be rented for around $850 - $900/month.

I have thought about two options with the bottom unit:

Option 1: let them pay existing below-the-market rent $650 for another 2-3 months and let them go afterwards. Rehab the bottom unit a little bit and try shoot for market rent $850 or even $900.

Option 2: increase the rent to $750 (or $800?) and just keep them in the bottom unit, until they eventually move out. I have met them personally and they are good people. Have been there since 2012. 

Any advice is MUCH APPRECIATED. This is the first time I am taking over a property that has existing tenants, so not too sure what the best way to handle this situation. 

Many thanks,

Yang

Hey guys,

I'm currently looking for a reliable general contractor in Pittsburgh area to do some rehab on my property. I have been looking on a bunch of websites (thumbstack, porch, etc.) but love to see if any one here has some good ones to recommend? 

Many thanks! 

Yang

@Nik Divakaruni sorry just saw your post. I live in SF and love to meet. Just shoot you a message.

Hey Tony,

Thanks for bringing up this question. I'm currently facing a similar situation and love to hear others think the best practice to structure this kind of partnership, especially for BRRR strategies.

thanks in advance

Yang

Hello folks,

I currently live in San Francisco and started investing in Pittsburgh since last year. I have been mostly using the BRRR strategies (just like many folks here), and it seem to work well here for the first property I bought in the Brighton Heights area (15212).

As an out-of-state investor, it's always difficult to get good knowledge about the local market. Love to hear about opinions on:

1. How is the neighborhood of Brighton Heights, is that an area worth investing?

2. Any advice on what other neighborhoods BRRR could work well?

I'm flying in early November for another visit to Pittsburgh, and love to meet some like-minded folks for coffee :)

Thank you!

Yang

Engineer from SF