im investor (not from usa) and im gonna invest in pittsburgh
some one have any link / excel or something that can help me receive any information of what are the best neighborhood that can work with BRRRR strategy
thanks you all !
searching for partner too , i will be more than happy to talk to you guys
Real Estate Agent · Pittsburgh, PA · Member since 2017 · 150 posts · 70 votes
2y
Hi Roee! There are plenty of areas in western PA where the BRRR strategy can be effective. As there are over 90 neighborhoods in Pittsburgh (and more in the surrounding area) it's hard to say all of them. The focus should be more on the price point/ARV matchup as there is a sweet spot that the numbers seem to work well. I generally like to look at places that are listed in the 60-100k range and need 50k or less in work. These homes will usually have ARVs in the mid to high 1s and are in areas where the rents will cover the mortgage and cash flow a bit too.
Some areas that fit this criteria include but are not limited to: Penn Hills, Carrick, West Mifflin, Homestead/Munhall, and more. Hope this helps!
Real Estate Agent · Cranberry Twp · Member since 2017 · 384 posts · 198 votes
2y
Hi Roee! Welcome to the Pittsburgh market! I highly recommend checking out niche.com when researching the best brrr areas. The areas do change reguarly in regards to demand, pricing, etc so it's best to work with a team here. I'll dm you some contacts for financing, agent, reno, etc!
Real Estate Agent · Pittsburgh, PA · Member since 2017 · 150 posts · 70 votes
2y
Hi Roee! There are plenty of areas in western PA where the BRRR strategy can be effective. As there are over 90 neighborhoods in Pittsburgh (and more in the surrounding area) it's hard to say all of them. The focus should be more on the price point/ARV matchup as there is a sweet spot that the numbers seem to work well. I generally like to look at places that are listed in the 60-100k range and need 50k or less in work. These homes will usually have ARVs in the mid to high 1s and are in areas where the rents will cover the mortgage and cash flow a bit too.
Some areas that fit this criteria include but are not limited to: Penn Hills, Carrick, West Mifflin, Homestead/Munhall, and more. Hope this helps!
Hi Roee! Welcome to the Pittsburgh market! I highly recommend checking out niche.com when researching the best brrr areas. The areas do change reguarly in regards to demand, pricing, etc so it's best to work with a team here. I'll dm you some contacts for financing, agent, reno, etc!
Hi Elise! I too am looking at the Pittsburgh area. I live in Lancaster. If you could DM the list to me that would be great. I'm looking to buy in the next 3-6 months. Thanks!
Investor · Arlington, VA · Member since 2021 · 50 posts · 28 votes
2y
@Roee Algrisi I have a 4-unit outside of Pittsburgh that I'm thinking about selling. I renovated one of the units and got a solid rent bump, but there are still 2 unrenovated units. Send me a message if interested.
Real Estate Agent · Pittsburgh, PA · Member since 2023 · 224 posts · 147 votes
2y
Hi Roee, right now the fastest growing neighborhoods of Pittsburgh are Ambridge, Bellevue, the Hilltop neighborhoods (including Allentown and Mount Oliver), North Point Breeze and Etna.
I am local, feel free to reach out if you have any questions!
@Roee Algrisi I have a 4-unit outside of Pittsburgh that I'm thinking about selling. I renovated one of the units and got a solid rent bump, but there are still 2 unrenovated units. Send me a message if interested.
Hey Lousia. I am interested in the quad if it is still available. Shoot me an email at [email protected] and I'd love to learn more.