All Forum Posts by: Elise Bickel Tauber

Welcome!!

What parts of PA are you looking to invest? 

Hi Justice! Congrats on making the decision to change your life and start investing in real estate. I have so many investors I work with that started by house hacking and end up with a large portfolio.

Are you planning to go FHA? I think that may be the best option for the first one. I've had investors with 10-20% available to put down but I really like the idea of keeping as much money in your pocket as possible for emergencies.

Best of luck!

Welcome! Bigger Pockets is a great place to meet with others (virtually) in the business and get great advice! Let me know if I can be of any help!

Hey Eric would love to know more about AERC. We are always looking for solutions other then the 2 big dogs.

Message me!

Hey Donyelle. Im happy to chat if you have places. I have a large list of investors I am working with regularly and they are always looking!

Hey @Kenneth Peagler

I'm an investor and a realtor/property manager and we have the same problem. My husband and I have a construction company too but we cannot keep up with the demand so we are always on hunt for other good contractors to partner with. Personal recommendations are the best. I get the BEST recommendations from the facebook investment pages in Pittsburgh. Those are often investors who will only recommend when they have good personal experiences. You do get people pitching themselves but when you see others recommending others those are the best. Hope that helps!

Hey Rachel! It all comes down to your strategy and who you partner with. I know a lot of my investors prefer turn key units but there is no question, they get much better numbers on those that they have to do work to. I think having a solid PM team with good connections is imperative though. Have a plan in place and make sure you are getting updates with photos and notes on any work needed. For small or medium sized repairs/renos one bid is fine but if you are talking larger numbers ask for multiple bids just to make sure there is a back up company not far behind your 1st choice just in case something happens.

I'm biased as I'm out in Pittsburgh but we have been seeing a lot of investors from Philly and New Jersey purchasing out here in and around the city. You can get into the area for very little down (sometimes $50-$100k purchase price so $10-20k out of pocket) and our return rates are very good. We have areas improving quickly, like Carrick which I bought a flip at the end of 2020 and took longer then expected to flip (it was my side project) and when we went to resell in spring of 2021, instead of selling for $90-$100k like we expected it sold for $135k.

Get a good agent and team out this way and you can start picking up properties left and right.

Hi Swetha,

Your agent should be able to help analyze this and any other deal. I would get a proforma from your agent showing estimated rent raises and have a plan in place to get to those higher rents quickly. Your agent should also be able to get a ball park estimate for any cosmetic repairs needed so that you know what to expect. While you never want to take a loss, taking a loss the first 6 months or so while raising rents and doing renovations (as long as planned for) with the end game being good profit is something to consider. If you ever need help analyzing deals let me know. I can help!

Hi Kim. I'm an investor and owner of a property management company in Pittsburgh. The market here is fantastic and has tons of both cash flow and long term equity increase in the rental market. Both single family and multi. Even during these times with multiple over list price offers and such, still lots of room for profit!