Updated almost 9 years ago on . Most recent reply
Closing on 2 properties in Pittsburgh !!!
I have been looking for a good place to buy a property to try out the BRRRR strategy, decided on Pittsburgh. So with the proceeds from a flip that I sold in Boston, I took a trip to check out some properties in Pittsburgh, looked at 12 houses in the 2 days that I was there. I was only going to buy 1 house but ended up buying 2 houses! Thanks to BP I was able to find a property manager ( @Neil Metzger ) who will also renovate both properties ! And then get them rented ! And of course Refi and repeat.
I was going to use a hard money lender to finance the deals but since I offered cash, they were able to do closing in a couple of weeks! Didn't have time to secure a lender so I just left it as a cash deal, so hopefully we can turn it around quick so I can refinance it.
They both should cash flo nicely
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@Jerry Kisasonak I'm looking to do the same thing as @Richard Moreno, with duplex's and triplex's if possible. I'm not familiar with the area though, I need to follow Richards model and schedule a trip out there for some scouting.