I'm looking to seek advice from you professional investor, lenders, etc. I live in Maryland and I do my real estate investing in Pittsburgh, you may ask your self why? Well the reason being is I'm from Pittsburgh, and financially it just makes better sense to me right now. I've only been doing real estate investing for a couple months now. I purchased a property in November, 4 bedroom home as a fix and flip. 25k purchase price, 30k rehab, ARV 180k. I will be placing the house back on the market at the beginning of February. I'm looking to do another flip then I want to start focusing on rentals to gain more of a passive income. I've been spending all of my personal cash on all of my investments and never used a hard money lender or private lender. With me now focusing on rentals I wanted to try the BRRR technique and go that route. But I'm a little lost where I can find a reasonable and trust worthy lender to work with and build a business relationship with because I'm looking to buy at least 10 rental properties by the end of the year. Also, do anyone know of any banks who specialize in refinancing certain investments like the one I'm referring to? I would also like to know if any great rental locations in Pittsburgh? Has anyone done the brrrr method who would like to go more in depth with me on how it works? I would love to chat. Thanks again team.
@Davonne Austin Those are some solid numbers on that flip if you can sell it for that much. S&T Bank is a pretty popular lender for investors here. I would say if you have the cash to buy and renovate a place, the BRRRR method is definitely the way to go. There are lots of great rental markets here where you can get some good cash flow and also have great upside with all that has been happening here lately. Many neighborhoods changing for the better.