All Forum Posts by: Amy Chen
Amy Chen has started 8 posts and replied 16 times.
Post: How do you define a "B Location"?
- Investor
- Wexford, PA
- Posts 16
- Votes 4
Originally posted by @Anthony Angotti:
See if your area has a fair market rent guide. In Pittsburgh there is a sheet for Allegheny County that divides the areas up into 3 tiers. It isn't perfect, but is a start for A, B, C, D areas.
I agree with @Alex Deacon on his general assessment of areas as well.
Hi Anthony, where can I get this sheet about Allegheny County?
Post: Rental market in Pittsburgh PA
- Investor
- Wexford, PA
- Posts 16
- Votes 4
Originally posted by @Harry Schoeller:
I'm currently aware of a duplex for $45,000 that both units rent for $600 with one unit just having a new year long lease signed from a tenant that's been there for several years. You can get good returns in Pittsburgh but as other agents have said Monroeville has not seen the benefits the rest of the city has. Gateway School district (the school district of monroeville) has gone from AAAA sports to AAA which alone is an indicator of a decline in population. Especially the part of the population with children that are more likely to rent a SFM for 1200 a month than a young couple or couple who's children have left the nest.
Harry, is your duplex rent to Section 8 tenants? It looks like a great deal
Post: Rental market in Pittsburgh PA
- Investor
- Wexford, PA
- Posts 16
- Votes 4
I'm interested in get a few rentals in Pittsburgh area. Does anyone know a lot about Monroeville? It looks like the ROI is pretty good over there. I think I can get a SFH for around 80k and rent out for 1000-1200. the neighborhood looks nice, lots of business etc. but I'm not sure if it will be easy to find a tenant?
I'm also thinking of Greenfield, Beechview/brookline, etc. Please connect with me if you have experience in Pittsburgh rental. Thanks!
Post: Rental Properties in Pittsburgh PA and Frederick MD
- Investor
- Wexford, PA
- Posts 16
- Votes 4
@Russell Brazil Hey Russell! I just listened your podcast yesterday, Good Stuff! I've only been to the downtown area in Frederick, are your condos around there? Can I give you a quick phone call next week? Thanks!
Post: Rental Properties in Pittsburgh PA and Frederick MD
- Investor
- Wexford, PA
- Posts 16
- Votes 4
@Gary Swank I'll reach out next week. Thanks!
Post: Rental Properties in Pittsburgh PA and Frederick MD
- Investor
- Wexford, PA
- Posts 16
- Votes 4
I've purchased our first rental property (condo) in Northern VA for 2 years, have a great tenant, but ROI is pretty low. Now I'm looking into Pittsburgh PA and Frederick MD, hoping to receive some advice from BP:
1) Does anyone have any advice on which area in Pittsburgh I should be looking for? I've heard East Liberty has some big corporate, and Monroeville?
2) Anyone has any investment experience in Frederick MD?
3) Any recommendations on agents who work with investors in these two markets?
Thanks!