Investor · Pittsburgh, PA · Member since 2015 · 1k+ posts · 1k+ votes
6y
@Whitney Hutten I cant say. There are so many parameters. I own properties in the really bad areas and I own some properties in very exclusive neighborhoods. Do they want section 8? How much do they have to spend? Are they adverse to risk and what level of risk? There are probably 20 other parameters. That will all dictate where they can look. Are they adverse to lower income housing? Do they want a fixer upper? To keep it simple. In my opinion with 26 years of experience and thousands of transactions I would advise any new investor to focus on a good B or A area for your first investment. One thats more turn key. Carnegie, Crafton, Monroeville, Scott township, etc... Areas that the school district has a good rating. Not sure if this is helpful. Choose an area that is affordable for your budget and has a good school district and the property can be sold easily if the investment doesnt work out as planed. An easy exit strategy. Its important to minimize and manage risk in this business.
Real Estate Professional · Pittsburgh, PA · Member since 2014 · 18 posts · 3 votes
6y
I am waiting to see what shakes out with coronavirus when it comes to the housing market. There are to many balls up in the air right now. Gonna wait till august.
Investor · Pittsburgh, PA · Member since 2015 · 1k+ posts · 1k+ votes
6y
@Clayton Hepler@Mike Calabrese@Whitney Hutten all areas are good to invest. It depends on so may variables. I know some investors who own hundreds of crappy section 8 houses. They love it and do quite well. I hate it and would never build my portfolio that way. I also know some investors who own hundreds of super high quality properties in great A areas. The challenge with this type of investing is that its super expensive and you need a boat load of capital. There is no right answer. It depends on your current capital position, your experience level, your appetite for A, B C and D Areas and multiple other factors. There is no right answer. Stay focused , start slow and be a learning based real estate investor. You can never know enough and you will never know it all.
Investor · Pittsburgh, PA · Member since 2015 · 1k+ posts · 1k+ votes
6y
@Whitney Hutten I cant say. There are so many parameters. I own properties in the really bad areas and I own some properties in very exclusive neighborhoods. Do they want section 8? How much do they have to spend? Are they adverse to risk and what level of risk? There are probably 20 other parameters. That will all dictate where they can look. Are they adverse to lower income housing? Do they want a fixer upper? To keep it simple. In my opinion with 26 years of experience and thousands of transactions I would advise any new investor to focus on a good B or A area for your first investment. One thats more turn key. Carnegie, Crafton, Monroeville, Scott township, etc... Areas that the school district has a good rating. Not sure if this is helpful. Choose an area that is affordable for your budget and has a good school district and the property can be sold easily if the investment doesnt work out as planed. An easy exit strategy. Its important to minimize and manage risk in this business.