Pittsburgh, PA: Brett Kamin Newbie

7 Replies

My name is Brett Kamin and I brand new to real estate investing. I am a transplant to the Pittsburgh area, but have been here since 2014 and bought my personal house in Mt. Washington back in 2015. I am looking to invest in small multifamily rentals on the side and want to connect with like minded individuals.

Currently my plan is to take the remainder of 2020 to get a better understanding of the market, investing, networking, etc and make my first purchase in 2021.  My first thoughts on where I want to invest would be Mt. Washington, Dormont, Carnegie, South Side, or Beechview.

Any tips or advice is greatly appreciated.  I look forward to connecting and meeting in person soon!

Hi @Brett Kamin ,

Welcome to BiggerPockets and great to have you here! Here are some recommendations for you:

Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...

Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...

Read Beginner’s Guide: http://www.biggerpockets.com/r...

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Wishing you the best!

Welcome to Bigger Pockets, @Brett Kamin ! You'll find a wealth of information on here and I love your chosen markets to go after once things subside here. If you're open to the north hills as well, I would consider areas such as Westview and Bellevue too. If you have any questions, please feel free to reach out and I'll be happy to help.

Happy learning!

@Brett Kamin

Welcome to Bigger Pockets!

This is a great place to learn and network. A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.

Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/pro

If you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/blog/

Use the Bigger Pockets glossary to learn more about real estate terms that may be new to you: https://www.biggerpockets.com/rei/glossary

@Brett Kamin

Welcome, Brett. You're in the best place to learn. I lived on Mt. Washington back in 2013 and loved every second of it. Feel free to message me with any questions you have or want set up on an MLS search. Good luck!

@Brett Kamin I think your on the right track. I just moved here from SF to the east end so that’s where I’m looking. I know there’s great neighborhoods North, west, and south from me but define your target area like you did. More nitch the better.

I think the BRRRR strategy goes really far in pgh because of the availability of the old housing stock that needs to be repaired. There's too many old beaten down houses. But old housing means requiring more knowledge (and more work!)

Set up keyword alerts for Pittsburgh, there is a whole group of us and you'll see many of us with all different kinds of styles. From 30k homes to million dollar home. D neighborhoods right next to B, we got it all :) I do find the setting up the email alerts on mls is great. Your classic books and podcasts are great resources too. gl and look forward to hearing from you more often

@Brett Kamin good move making sure you educate yourself on real estate and the local market prior to jumping in. You see too many people diving into the deep end without knowledge or proper guidance along the way and getting burned. Learning the local market is critical here since there's so many street by street neighborhoods. I'm a fan of multi units here though too we have a decent amount of them and numbers are great. Once you are familiar with the different areas/rents/home prices then you'll have a much better idea of what actually makes a good deal when you go to buy. Keep tabs on zillow for rent prices too in the different areas, that'll help you know what market rents are for running numbers. Rentometer is decent too depending on the makeup of the area. 

Thanks for the helpful tips @Marlon Fong, @Matthew Bonosky, @Justi Windham, @Ryan Alexander, @Steven Ko, and @Jeremy Taggart .  I have some keyword alerts already set up, am almost finished with ultimate beginners guide, have sat in on a couple webinars, etc.  I am looking forward to learning more and taking the next steps!

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