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Updated over 5 years ago on . Most recent reply

User Stats

38
Posts
6
Votes
John Mano
  • Investor
  • Philadelphia, PA
6
Votes |
38
Posts

Buy and Work In Downtown

John Mano
  • Investor
  • Philadelphia, PA
Posted

Hello,

My son will be graduating from Pitt this Spring and will be working in downtown Pittsburgh.  Being a real estate investor, I'm debating if we should buy or rent.  Being this is his first job so there's a risk that he won't like it and could relocate out of Pittsburgh.  With that said, if we are to buy I would get something $150k-200k that can be easily be rented and still make positive cash flow after management fees.  I'm currently looking in South Side near Carson street for close proximity to downtown, safety and retaining value.  We are open to other locations and any insight would be greatly appreciated. 

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