All Forum Posts by: Max Feinberg

Faisal,

If you are willing to venture a few miles further from downtown Pittsburgh, there will be a few other areas in addition to the ones you mentioned. Best of luck to you and feel free to reach out if you would like to chat!

Max

Best of luck to you! It is awesome that you are wise enough even at 21 years old to recognize the benefits of real estate investing.

Lex,

I will PM you!

Tanner,

Welcome to BiggerPockets! You are definitely in the right place to begin to grow your REI career. It is awesome how much I continue to learn from both the locals and national investors on these forums! I agree with Jeremy that house hacking is a great way to start your journey. I also think that you touched on a very important point...learning about different types of financing (as well as investment strategies) is going to be crucial to your success. Feel free to reach out with any questions or just to chat!

@John James Smit for someone who has been in the industry for over 50 years, it is strange that a google search provides no results. No record of anybody with your name holds a license in the state of Pennsylvania either. I appreciate your advice and will look to provide further detail in my future posts. Best of luck to you

John, I am not sure I understand your purpose for your post other than to attack the character of people you do not even know. I have met Phil and can personally speak to his character and ethics. In the future, if you feel the need to attack the character of people on these boards who have done nothing to warrant your unsolicited criticism, please keep it to yourself

Stefan,

Penn Hills is definitely a market where the right home can cash flow very well for you. You are correct that there is a large inventory in that area right now so you may be able to find what you are looking for at a reasonable price as well. Feel free to reach out if you'd like to chat about that market or the Pittsburgh market in general.

Max

@Gabriel Shawn Larson Welcome to BiggerPockets! You can learn a lot from the people on these forums...I certainly have! Please do not hesitate to reach out of you would like to chat about the Pittsburgh market. There is definitely lots of opportunity to make money here!

@Amul S. Using the 25k or so as a down payment is a good option. You will have plenty of options in the Pittsburgh area for Buy and Holds with that amount available to you. If you don’t want to pull out all 22-26, you could even find deals where 10-15k is a sufficient down payment for a property that cash flows. Max

@Savannah Lewison you are right to use some of these quick tests as a way to recognize if a deal is worth further pursuing, the problem is Pittsburgh is a tough place to have just one rule/number. Like a few others have said, Pittsburgh is HIGHLY neighborhood specific and what looks bad in one neighborhood may be great in another. There are just too many factors. You can certainly attain the 2% rule in some neighborhoods, but that doesn’t even mean those are great deals. Those homes may have structural issues due to neglect, they may be tough to rent, etc. Your best bet is to work with a local expert to help you understand which areas fit your specific goals and you can better analyze from there. Max