Pittsburgh small multi-families (duplex, triplex, etc)
Investors in Pittsburgh- where would you say are the best places to find deals on duplexes, tri's, and quad's? This is what I am most interested in. I have Zillow alerts and things like that set up, but where else are good deals found? Do you still use craigs list? Is there anywhere else I am missing where sellers are talking?
I haven't been to any meetups yet since I have moved here, if someone has a good recommendation, I am all ears! Thanks!
Most Popular Reply
Hi @Jen Kurtz meetups are a great place to talk.
Wholesalers are good, but mostly get single family homes. Depends where you are looking though.
Really anywhere that might have a deal is good. Getting with an agent for MLS alerts is a better idea than zillow because then you see them faster. Also, working with a buyer's agent can be helpful because as long as your agent is worth their salt they will help you know when the listing side is selling you snake oil. The main sites have a bit of a delay. The better deals usually go faster, but I think the worst thing that you can do is just assume that list price is the only price. If something has been sitting for a while and you can make terms desirable for the seller MLS deals can still be attractive.
Then on the other off market side it's wherever you can find something. I got one property from a laborer of one of my contractors whose mother was selling her home. It's pretty much just spreading the net wide and telling people what you do.
Also, asking where the best place to find deals is can be a bit misleading. It depends entirely on what you are looking for. Are you looking for OK cash flow, but with few headaches in nicer areas. Or are you looking to maximize cash flow with a value add property where you might have to deal with a property that has some significant deferred maintenance or tenant issues in a lower grade area.
Depending on what your preference is there will tell you where you should go to find the best deals for you. There's a lot of ways to make money and everyone has a slightly different preference for what they want.