NEW: BP Podcast 66: Flips, Apartments, & Protecting Yourself From Professional Tenants with Michael Blank

Hide this

From the BiggerPockets Blog

 BiggerPockets Blog »

Jump to Forum View All

Click a category below to view different forum categories.

BiggerPockets

General Info

BiggerPockets Q&A, Site Questions, & Announcements

1508 topics, 14381 posts — Last Post 04/17/14, 08:09PM

BiggerPockets Exclusive PRO Area

117 topics, 838 posts — Last Post 04/16/14, 09:08PM

New Member Introductions

10871 topics, 85479 posts — Last Post 04/18/14, 04:03AM

Real Estate Success Stories

394 topics, 6124 posts — Last Post 04/18/14, 03:29AM

General Real Estate

General Real Estate

Buying & Selling Real Estate

5924 topics, 46699 posts — Last Post 04/17/14, 11:53PM

Renters

643 topics, 5817 posts — Last Post 04/18/14, 01:07AM

Get Foreclosure Help - Help Stop Foreclosure Forum

316 topics, 2557 posts — Last Post 04/16/14, 03:58AM

Home Owner Association (HOA) Issues & Problems Forum

237 topics, 1609 posts — Last Post 04/17/14, 08:53AM

Do it Yourself

655 topics, 6262 posts — Last Post 04/18/14, 02:12AM

Reviews & Feedback

Real Estate Deal Analysis and Advice

3666 topics, 29393 posts — Last Post 04/18/14, 12:03AM

Real Estate Guru, Book & Course Reviews and Discussions

1132 topics, 11546 posts — Last Post 04/18/14, 03:57AM

Ask About A Real Estate Company

740 topics, 7312 posts — Last Post 04/17/14, 09:46PM

Real Estate Investing

Real Estate Strategies

Wholesaling

5591 topics, 43682 posts — Last Post 04/18/14, 02:55AM

Rehabbing and House Flipping

3328 topics, 30948 posts — Last Post 04/18/14, 04:17AM

Real Estate Development & New Home Construction

552 topics, 4679 posts — Last Post 04/17/14, 10:10PM

Innovative Strategies

703 topics, 6023 posts — Last Post 04/17/14, 09:46PM

Tax Liens, Notes, Paper, & Cash Flows Discussion

864 topics, 6667 posts — Last Post 04/17/14, 06:13PM

Rent to Own a.k.a. Lease Purchase, Lease Options

692 topics, 4870 posts — Last Post 04/18/14, 03:52AM

1031 Exchanges

143 topics, 1052 posts — Last Post 04/16/14, 05:39PM

Foreclosure Investing

General Foreclosure & Pre-Foreclosure Forums

1686 topics, 11285 posts — Last Post 04/17/14, 06:41PM

HUD, VA, and Tax Sales

414 topics, 3088 posts — Last Post 04/17/14, 07:35AM

REOs

1214 topics, 10570 posts — Last Post 04/17/14, 02:28PM

Short Sales

1534 topics, 13120 posts — Last Post 04/17/14, 04:44PM

Landlord & Tenant Forums

Landlord & Rental Property Questions

7193 topics, 70640 posts — Last Post 04/18/14, 03:18AM

Mobile Homes & Mobile Home Park Investing

638 topics, 5138 posts — Last Post 04/17/14, 11:01PM

Investor Basics

Starting Out

7689 topics, 60362 posts — Last Post 04/18/14, 03:59AM

Investor Psychology

430 topics, 6092 posts — Last Post 04/14/14, 06:53PM

General Real Estate Investing

4711 topics, 37163 posts — Last Post 04/17/14, 05:53PM

Real Estate Investor Marketing

1730 topics, 14091 posts — Last Post 04/17/14, 06:21PM

Commercial Real Estate

Commercial Real Estate Investing Forum

1409 topics, 8983 posts — Last Post 04/17/14, 06:13PM

Multi-Family and Apartment Investing

1106 topics, 9196 posts — Last Post 04/18/14, 03:22AM

The Business of Real Estate

Real Estate Technology and the Internet

Real Estate Technology, Social Media & Blogging

638 topics, 4884 posts — Last Post 04/17/14, 02:08PM

Business Basics

Goals, Business Plans & Entities

830 topics, 7549 posts — Last Post 04/17/14, 10:19PM

Real Estate Finance & Legal

Financial, Tax, and Legal

Tax, Legal Issues, Contracts, Self-Directed IRA

2784 topics, 19995 posts — Last Post 04/18/14, 01:13AM

Property Insurance

309 topics, 2045 posts — Last Post 04/17/14, 07:41PM

Personal Finance Discussion

328 topics, 2730 posts — Last Post 04/17/14, 04:56PM

Loans, Mortgages, Credit Lines

Private & Conventional Lending Discussion

2830 topics, 19679 posts — Last Post 04/18/14, 12:10AM

Creative Real Estate Financing

1207 topics, 8762 posts — Last Post 04/17/14, 03:35PM

Crowdfunding Real Estate

35 topics, 455 posts — Last Post 04/14/14, 02:14PM

Real Estate Professionals

Real Estate Professionals

Real Estate Agents

1206 topics, 7957 posts — Last Post 04/17/14, 09:20PM

Bankers, Lenders, and Mortgage Brokers

441 topics, 1919 posts — Last Post 04/17/14, 01:58PM

Contractors

268 topics, 1681 posts — Last Post 04/17/14, 10:53PM

Local Real Estate

Local Real Estate

Local Real Estate Networking & Recommendations

1984 topics, 11587 posts — Last Post 04/18/14, 03:58AM

Americans & International Real Estate

161 topics, 566 posts — Last Post 04/14/14, 11:19AM

Foreigners Buying in the USA

62 topics, 409 posts — Last Post 04/10/14, 06:27AM

Canadian Real Estate

64 topics, 427 posts — Last Post 04/17/14, 03:22PM

Marketplace

Real Estate Marketplace

Real Estate Marketplace

15004 topics, 53909 posts — Last Post 04/18/14, 03:00AM

Real Estate Events and Happenings

163 topics, 2483 posts — Last Post 04/18/14, 12:38AM

Off-Topic

Off Topic

Off-Topic

2902 topics, 32399 posts — Last Post 04/16/14, 03:07PM

Housing News & Real Estate Market

914 topics, 8351 posts — Last Post 04/17/14, 08:41AM

BiggerPockets Real Estate Investing Summit

97 topics, 1751 posts — Last Post 04/10/14, 02:27PM

BiggerPockets Resources

Forums » Multi-Family and Apartment Investing » Pittsburgh, PA multifamily investors

Pittsburgh, PA multifamily investors

11 posts by 7 users

Signup

Multi-family Investor · Pittsburgh, Pennsylvania


I joined Bigger Pockets a couple of years ago and have enjoyed the articles and forums ever since. I've been involved in real estate valuation for the past seven years and recently bought my first multifamily property, a small 2-unit just south of the city. If there are any other multifamily investors in the Pittsburgh area, I'd love to connect with you.



· New York City, New York


How is the Pittsburgh commercial property market performing specifically multifamily?



Multi-family Investor · Pittsburgh, Pennsylvania


Marc,

The multifamily sector in Pittsburgh is strong. Overall, occupancy rates are generally in the 96 to 98 percent range with some new supply in the pipeline. Several new mixed-income (LIHTC/Section 8/market rate) properties have been developed in Pittsburgh’s east end neighborhoods. However, several of these new properties are replacement housing for old Section 8 and public housing developments that have been razed. Pittsburgh’s CBD has also experienced some apartment infill development. Rent growth over the past year has been 3-4 percent for the metro area as a whole and cap rates are in 7-8 percent range for the most part. Several of Pittsburgh’s neighborhoods including Shadyside, South Side, Lawrenceville, and East Liberty are experiencing much stronger rent growth than the metro as a whole. The supply of quality multifamily assets on the market is limited, except in undesirable neighborhoods with high crime and economic decline. Hope this helps.

P.S. I have used REIS reports for market feasibility studies and valuation work I do outside of Pittsburgh and find them very useful.



Multi-family Investor · Pittsburgh, Pennsylvania


I have recently started investing in the area and would like to meet up and talk business.



· Pittsburgh, Pennsylvania


Hey guys, I too am from Pittsburgh. Search the forums for Pittsburgh and you will see some previous discussions that a few of us locals have had about the area. If you are looking to network you can try ACRE, the local REI association.



· Gillette, New Jersey


Hi Brendan,

Im interested in purchasing some multifamily properties in NJ but I dont know how to conduct any market research. Where do you get the information to conduct this market research?



Commercial Lender · New York City, New York


Thanks Brendan,
this is great information all ways good to know about different markets, and congrats on your investment. Will check on those reis feasibility reports.



Real Estate Investor · Clifton , New Jersey


@Mike Well You can use a couple of sources such as the Altos Research, Local Market Monitor, and REIS reports. It also depends on what you are using the market research for i.e. locating markets or analyzing markets. If you are locating markets then you can utilize census or NJ Department of Labor.



Multi-family Investor · Pittsburgh, Pennsylvania


@Kenneth E. - Thanks

@Derrick Moore - Thanks. The REIS reports are helpful. I'm not sure about the cost of them though. I receive them through a company I worked for.



Commercial Lender · New York City, New York


I just got off the web and looked at it, I remember talking about this web in college, thanks.



· Gillette, New Jersey


Thanks, great information.





Sign up