Buy, Renovate and Hold in Pittsburgh
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Pittsburgh.
https://photos.app.goo.gl/drAGE6qoQpo2zTmk6 (https://photos.app.goo.gl/drAGE6qoQpo2zTmk6)
https://photos.app.goo.gl/jPLzX8QHq7PRsGo86 (https://photos.app.goo.gl/jPLzX8QHq7PRsGo86)
What made you interested in investing in this type of deal?
The chance to buy a value-add investment in a rapidly appreciating neighborhood.
How did you find this deal and how did you negotiate it?
Through another investor.
How did you finance this deal?
1031 Exchange
How did you add value to the deal?
Complete gut renovation
What was the outcome?
So far, so good.
Lessons learned? Challenges?
That the City of Pittsburgh is not developer-friendly.