Updated 11 months ago on . Most recent reply
We did it! First triplex in Pittsburgh acquired!
After a few months of analyzing deals, stalking BP posts, and viewing homes, we finally closed on a triplex in the Pittsburgh area under an LLC!
All cash per seller request. One unit filled and working with a property management company to fill the other two units (although PM kind of slow so will see how that works out).
Our focus right now is prioritizing what kind of repairs to do. We have some moss on the roof because of overhanging trees, so have a quote from an arborist to trim and remove dead trees on property. Not sure if we want/need to replace roof at this point. The windows in one unit do not stay up and eventually need to be replaced as there is no room for a spring on the sides. The windows in another unit have some condensation in the middle and one is cracked.
This is our first property so any advice would be great appreciated. We also have built our REI team but don't have a lawyer yet so any recommendations there would be helpful. Thanks!