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All Forum Posts by: Derek Schnaitmann-Roberson

Derek Schnaitmann-Roberson has started 1 posts and replied 2 times.

Buying & Selling Real Estate

Post: Pittsburgh triplex BRRRR

Derek Schnaitmann-Roberson
Posted
  • New to Real Estate
  • MD
  • Posts 2
  • Votes 0

Thanks for the input!

Did some research, spoke with my RA, and decided to pass on this one.

0 Votes
Buying & Selling Real Estate

Post: Pittsburgh triplex BRRRR

Derek Schnaitmann-Roberson
Posted
  • New to Real Estate
  • MD
  • Posts 2
  • Votes 0

Out of state investor looking for first BRRRR.

I have my team set up and found a property in Pittsburgh PA. As far as the numbers go, it would be great for me. But there are a few items of concern:

- Would have to make offer with no contingencies.

- Its currently a triplex zoned for a duplex.

- No time to get my contractor in there for an estimate (PM and RA got in there and provided videos and feedback).

- Property currently has two tenants in place. One of them is not paying rent at all. PM wouldn't take on the unit with the non paying tenant so the eviction would be on me to handle myself (I've never dealt with evictions before). With being out of state and everything with COVID, in regards to tenants/landlords/evictions, I'm not sure I want to deal with it right now.

Any advice/info would be much appreciated!

0 Votes