Hi all! I am an agent/investor from Northern CA. I'm looking to diversify my investments and have narrowed it down to either Pittsburgh or Philly. I am looking exclusively at multi-family units for long term buy and hold. I got lucky in the Bay area to acquire a few properties at a decent price which cash flow quite well but it's getting harder and harder to find deals. Would love to hear from local agents and investors!

Pittsburgh is the best market in the country bar none  Our prices are really low and we have fantastic cash flow. There is a reason why I never look at anything outside of my own region.  Both Forbes mag and the Wall Street Journal have written stories about how good Pittsburgh is.

@Account Closed   Hi if you need long term financing on the rental let me know.  Good luck.

@Account Closed   I like Pittsburgh also, however the fastest growing county in PA, is not in either the Pittsburgh or Philadelphia area!  It is Cumberland County in Central PA, which is where the state capital is located at Harrisburg.  The largest employer is the state government and the second largest employer is the Federal government.  There is the lowest unemployment in the state, good wages, lots of jobs in transportation, 2 Amazon facilities, Overstock, Whirlpool, Hershey Park, and the largest growth in the state with a stable economy, not subject to market fluctuations.

@Josh Caldwell , any agents you recommend in the area?

@Account Closed more. I have a small portfolio of 5 multi-family properties in Pittsburgh, and I have a decent understanding of the Philadelphia market based on family visits over the years. The cash flow in Pittsburgh is significantly better.

@Account Closed

Originally posted by @Josh Caldwell :

@Account Closed

 Thanks Josh!

Umair, let me know if I can help in any way.

We're all in agreement here.  Pittsburgh, even though I am somewhat prejudiced toward our City, continues to be a City you may wish to consider strongly.

At the 2010 Census, there were 305,704 people residing in Pittsburgh, a decrease of 8.6% since 2000.

Why losing lots of population there?   Lots of new developments now ?  People move back ? 

@Ethan Smith On the subject of Pittsburgh's "declining" population...  Pittsburgh has been known as an "older population" in the past, but please consider the age of that census (9 years ago) and what has changed over the last 10+ years.  We have become a technology industry and medically expanded and  driven City with a huge influx of younger folks.  Has this offset the declining numbers yet?  I'm not sure...we'll have to wait for 2020's census.  But look at the companies that have moved here in recent years... Google, Apple, Facebook, Uber, Argo AI, and many others not to mention the startups thanks to many graduates of CMU, Pitt and many other universities who have chosen to stay. UPMC and Allegheny Health Systems expand daily.  Pittsburgh is a vibrant, growing City!

Highly recommend Pittsburgh. The market here is wonderful!! If you are looking for an outstanding agent to help point you in the right direction when it comes to investment purchases I HIGHLY recommend @Anthony Angotti !

He helps tons of the investors we manage find great investments and everyone seems very happy with his work. Reach out to Tony and see how he can help!

No doubt Pittsburg beats Philly for cash flow.

But how do they stack up for appreciation?

Philly market has been strong in my limited experience. 2010 census showed population growth for the first time in decades, and I have no doubt that 2020 will show even more.

Originally posted by @Elise Bickel :

Highly recommend Pittsburgh. The market here is wonderful!! If you are looking for an outstanding agent to help point you in the right direction when it comes to investment purchases I HIGHLY recommend @Anthony Angotti!

He helps tons of the investors we manage find great investments and everyone seems very happy with his work. Reach out to Tony and see how he can help!

 Thanks Elise!