All Forum Posts by: Matt Dingus

Hi Jennifer

I think you've touched on the big hitters for both strategies with these prime locations. These are also going to be some of your most expensive areas to get into and high competition. I think some others see success with STRs in other areas that might not cost as much but could still have strong-to-decent STR demand in respect to Pgh as a whole. It depends a lot on budget and how quickly you want to see a return I think.

Just off the top of my head maybe some to look into...

Crafton/Carnegie - Close to airport and city. Nice areas.

Fineview - Right above the Northside and super close to the city. Scenic views.

Troy Hill - Super close to strip district. This area continues to get nicer and nicer, but still depends what street you're buying. 

Millvale/Sharpsburg - Across bridge from Lawerenceville. Mr Smalls theater in millvale. Breweries. Kayak/Jetskis in Sharpsburg.

Hope that helps a bit...

Hey Eric

Congrats on some of your success flipping/wholesaling. 

Let me know if there's anything I can help you out with. Our agent team in the area is mostly dedicated toward servicing investors, and we also have a successful monthly meetup group running in the Pittsburgh area if you're ever in the city. Happy to answer any questions you might have regarding the market, etc.

Good luck with everything!

Hey Elliot - Maybe a useless comment but I am running a monthly one on the 19th, Wednesday if you'll be town by then. Shoot me a message if interested.

@Omar Mohamed can help. Solid crew. Has done jobs for me and others I know. Very investor friendly.

Hey Beth - Welcome to the journey! If you have any questions regarding the Pittsburgh market or need another meetup in the city to attend, shoot me a message.

Good luck!

Hey Mariel

I have a similar understanding - If it is your primary residence then you can rent it out as you mentioned. I think where things can get hairy with this is when you were to move out and it becomes a pure investment property. This is why I believe the multis with the zoning discrepancies (A duplex layout, zoned as a SF is common) tend to sit on the market much longer and sold at a discount. I noticed landords are renting out properties a decent amount in Pgh that does not fit the zoning of the property, but it just flys by under the radar. Not sure if the new occupancy permit process being rolled out by the city is going to make this more difficult. Only options I can think of is A.) Continue to work the city to adjust zoning which will be difficult B.) Rent out as 3 units but accept the risk C.) Airbnb that 2nd/3rd floor if possible to increase the CF

Hope that helps somewhat.

Hey Deborah - Happy to help you out to get you out of analysis paralysis. I run a free monthly meetup here in the city where you can find pretty much every RE profession and plenty of investors from all different experience levels. Shoot me a message I can share info! 

Either way good luck on your journey!

Hey Nick! Welcome to Pittsburgh. Hope you're enjoying it so far. Reach out to me and I'd love to help in any way I can. The agent team I am apart of primarily only works with investors looking to buy in the Pittsburgh market. 3 out of 4 of us actually live in Millvale (I'm not kidding) so we know the area/surrounding areas quite well. 

Hi @Sylvia Schumacher,

As said above this can be the toughest # to come up with when seeking to buy a rehab property. It helps to have a network and resources in a particular area that have done work on similar projects or invested in properties in similar condition. They'll be able to give you a best guess-timate so you're not going into a project with no target budget on rehab. And as a rule of thumb most say to tack on 20% just because everything always goes over budget. If you need any help with this in Pittsburgh area, shoot me a DM and I'd love to help. Nonetheless good luck on your journey!

Hey Jordan - Congrats on the license, man. I run a successful free monthly meetup in the city. If interested shoot me a message and I'll share the details with you.