I am new to BP and I am interested in flipping and buy and holds. I have 12+ years experience in new construction project management. I'm learning a ton from all of you guys and loving the podcasts. Looking for my first flip deal in the near future.
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welcome to BP!
from fellow investor/Realtor in Pittsburgh
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@Anthony Muffi , may I offer an idea for focus that could combine your interest in flipping and new construction at the same time. You probably know that Allegheny County's population is pretty old compared to the rest of the US. Many of these seniors are still living in SFRs, while some have moved into multi-unit nursing homes and assisted living facilities. From what I can tell there hasn't been a lot of new construction in the region for decades, and so the housing stock for seniors may be suboptimal.
So you might want to look into property development for seniors, placement of seniors from SFR to multi, and flipping retiree SFRs as they move either to assisted living or to warmer climes like Florida. For those seniors who couldn't keep up with property maintenance, you may have some good fix and flip opportunities.
Also look into Allegheny County's (VPRP) Vacant Property Recovery Program. If you find a suitable abandoned building with property tax payments at least three years in arrears, the program could allow you to rehab the property and have the municipality lawyers clear and transfer you title. The properties range from nearly move-in ready to parcels just months away from demolition. To get an idea of what can be available check out Wilkensburg CDC's property listings.
Hope this gives you some tips to hit the ground running here.
Welcome to BP Anthony! It sounds like you'll have a great head start with your construction background. I'm an investor/Realtor in Pittsburgh so if you'd like to grab coffee and talk shop or anything, let me know! Happy investing!
Thank you to everyone who posted! Very good advice!
Hi, been a member for couple months, experience in HVAC & Electrical construction. Have a lot of experience in construction. Trying to find money to do deals.
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