New investor - Pittsburgh - Fix & Flip
Hi Everyone,
My name is Shimon, and I am new to real estate investing. I Did my research and decided
to invest in Pittsburgh, Pennsylvania.
I plan to start by purchasing SFHs, in A-B class areas with a budget of
120K - Two deals or a budget of up to 250K - One deal.
Can anyone provide some tips for me?
Any special or unusual RE rules that I should be aware of?
What are the best neighborhoods to invest in for flips?
What are the worst (high crime areas)that I should stay away from?
Thank you for your help,
Shimon
Most Popular Reply
@Shimon Gorodetski I'd focus on somewhere were the ARV's are at least 200k if you are looking to do a flip, that'll give you more margin and room for error on the project. Plus these are the areas that are more desirable and you'll have people more likely to pay for the updates. 3+ beds, 2+ baths (master suite), 2 car garage, flat usable yard, and good school district is your bread and butter flip if you can focus on properties like that. Little different in the city neighborhoods though so it really depends on the specific neighborhood what is desired/works there. Plenty of good areas though where it could make sense.
- Jeremy Taggart
