Hello! Looking to do my first flip in Pittsburgh, PA

[Sasha Josephs]

Hi there - title says it all! Looking for agents/wholesalers/GC's in Pittsburgh. What has been your experience fix and flipping in this market?

[Steven Goldman]

Quote from @Sasha Josephs:

Hi there - title says it all! Looking for agents/wholesalers/GC's in Pittsburgh. What has been your experience fix and flipping in this market?

 Hi Sosha, we have experience financing investor properties in Pittsburgh. The purchase price is one of the major challenges in Pittsburgh. Most of the rehab lenders have a 100k minimum total loan size. Many properties in Pittsburgh will not fit that requirement. In addition, HMLs have a minimum permanent loan size. Value must exceed 75k and loan may not be less than 50k. If you are using cash make sure that your finished product will fit into the lending guidelines. Good luck.

[Jeremy Taggart]

@Sasha Josephs Plenty of run down homes with margins to flip. You can buy homes as cheap as $20k depending on the neighborhood. Most flip deals will have purchase prices of $50-$150k, and rehabs running $40k-$150k depending on the scope of work. I tend to prefer to stay close to the median price point of about $225-$250k so you have enough margin for error on the rehab and greatest number of end buyers.

[Spencer Terrien]

Hi @Sasha Josephs

Steven and Jeremy provided valuable insight for Pittsburgh. 

Good news- you're in a good market for flipping. 

I have contacts in Pittsburgh that could provide additional insight. 

Please let me know if you're interested and I can connect them with you. Thanks! 

[Gary Swank]

Hi Sasha, I've worked extensively with those flipping in the Pittsburgh area who have had varying levels of success. Feel free to reach out if you want to hear about their specific challenges and wins. 

[Bob Stevens]

Quote from @Sasha Josephs:

Hi there - title says it all! Looking for agents/wholesalers/GC's in Pittsburgh. What has been your experience fix and flipping in this market?

how much cash you have ? NOT HM, 

[Jamie Dietz]

As a prior Californian, real estate looks super cheap here in Pittsburgh compared to the Bay Area.  When I first arrived I wanted to buy EVERYTHING!   Take you time to understand the market before jumping in.   Most often the "real cheap" houses are not the best options.   

[Kevin Walton]

Quote from @Jamie Dietz:

As a prior Californian, real estate looks super cheap here in Pittsburgh compared to the Bay Area.  When I first arrived I wanted to buy EVERYTHING!   Take you time to understand the market before jumping in.   Most often the "real cheap" houses are not the best options.   

 This is a big one. Figure out what works for you, research the market, connect with an investor friendly agent that is familiar with the market, and get a clear idea as to how much you are working with. The market looks fruitful for investors on the west coast, but the market is vastly different. Definitely go through a couple of Pittsburgh Forums to get a good idea, check the comp tools and calculators provided by Bigger Pockets. Once you are ready to make a move, reach out to a local agent (preferably one with good reviews) and see if they can provide you guidance with your budget, and exit strategy to determine the best area to jump in. 

[Alex Hujdus]

Hi @Sasha Josephs, I am an investor friendly agent in the Pittsburgh area and I'd love to connect!

For local wholesalers, check out New Western and City Life. They're all licensed agents and put out inventory regularly. There's also a ton of Pittsburgh REI Facebook groups where wholesalers post their deals.