Anyone dealt with two houses on one lot where the second one isn't "legal"? Bought a place at a county auction in Allegheny County PA (Collier Twp) that has two separate houses on one lot, big parcel, about half an acre, each with its own driveway/access. The back house isn't a shed or a garage, ...
I'm "considering" Section 8 to get maximum rent for a house I'm closing on in the Penn Hills, PA area this month and wanted any tips/advice for getting a good tenant. I typically screen my tenants well, but not sure if there's anything different I should consider when screening section 8 tenants....
Im an out of state investor. I paid a contractor for a whole property reno - went significantly over budget and our 3 month timeline in now in month 8. This is someone I’ve known for a long time and trusted. He started getting dodgy and I started digging. As it turns out he was misappropriating t...
Pittsburgh Investors — In Town Oct. 6–7 I’ll be in Pittsburgh this week and would love to connect with a few local investors and real estate professionals while I’m there. I’ll be attending the ACRE Vendor/Sponsor Expo Tuesday evening, October 6, and I’m keeping part of Wednesday open to grab cof...
Hi everyone, I'm Arturo. I run distressed single-family acquisitions in Pennsylvania with a team on the ground, while I handle the analysis and underwriting remotely. Over the past year I've closed six properties across four counties in the state, all bought well below their finished value. The m...
Hi everyone. I am starting my real estate investment strategy in Pittsburgh, PA, planning to buy and hold properties as-is for three years to build cash reserves before moving there to oversee major value-add renovations and cash-out refinances. I am deciding between three paths: Option 1: Buy on...
I have decided it's time to expand my portfolio. I currently have two local long-term rentals and one midterm rental that is remote. This week I should be closing on a HELOC. I want to use that money for some properties that cash flow. However, the properties need to be around $250K. I thought fo...
Quick question for Pittsburgh landlords and small investors. How do you usually handle bookkeeping for your rental properties during the year? Do you keep it updated monthly, or rely on your CPA to sort it out at tax time? Curious what’s worked best for people here.
Hi everyone, I work in bookkeeping for real estate investors, mainly self-managing landlords and various size portfolios. I come from an audit / private equity accounting background and have been spending more time in the real estate space. From what I see, most bookkeeping issues don’t come from...
Hi BP, I am posting this because I recently finished my education to become a Real Estate Appraisal Trainee. The next step is for me to gain some work experience working with a mentor in the field. Is there anyone that is open to taking on a new trainee, or know of any companies that I can reach ...
I’m selling a PA single family home on a land contract/contract for deed. Buyer will occupy it. Amount financed is over $70k. Does anyone know the maximum interest rate I can legally charge? I’ve seen people doing 10 to 15%+, but how? Act 6, section 301: No residential mortgage can be over 7.5%. ...
Hi everyone, I renovate and sell turnkey rental properties here in the Greater Pittsburgh area, specializing in buying, renovating, renting, and delivering stabilized assets to hands-off investors. While I have a few solid property management relationships for A and B-class core neighborhoods, I ...
All - how do you perceive and score applicants that have either had 1) an open eviction filing, 2) an eviction filed case that got settled? (Neither of these appears to be the same as an eviction.) Thanks.
What do you do when lender fails to fund your draw after they have already approved it. My deal is funded by Terxxx and they have been moving goal post of when they can fund the draw after they approve it. Their website said they can fund the deal in two days after approval. First draw, they coul...
All - Do you allow tenants to bring in portable washers or portable dryers for small apartments/ units that don't have hookups? If so, do you have specific requirements for what can be purchased and how to install and use them? Would there be special considerations for up and down duplexes? Thank...
Hi Everyone, I am a real estate agent trying to help my local golf course potentially develop some land around the course. We have met with a local builder who has been building a development on a defunct golf course nearby. The builder told me how they came up with a pitch deck for investors to ...
I own a couple local properties in Denver I long-term rent. I also have a condo in Chicago I mid-term rent when I'm not using it for the summer. But I've been wanting to buy more and never figured out how. Recently I realized I could tap the equity in my primary residence with a HELOC and decided...
Hey there! I've made it my mission to share my experience with as many real estate investors, home improvement contractors, and homeowners in the Greater Pittsburgh area as possible. I wanted to give you a heads-up about my experience with Affordable Dumpster Rental. They charged me around $1,400...
All - is a tenant allowed to have 2 ESAs? If so, is it based on certain stipulations?
I'm buying a Property in Pennsylvania, I realized that the seller is using a wholesaler company, so the contract says the name of seller and AIF the other person's name that is signing the contract, but the attorney in fact is the wholesaler. Can anyone help me how to protect myself ? I asked the...