All Forum Posts by: Max Feinberg

@Mikey Bentivegna Are you open to House hacking a small multifamily property? This was a great way to get into investing myself and I know many others on here have echoed that. This can be especially attractive now with the changes to the lending options in this space!

Institutional investors are largely selling right now…not buying. I don’t think this is your best strategy right now unfortunately 

Hi Eric! Welcome go the world of RE investing!

One bit of advice I like to give “data guys” like yourself is to be cautious of over analyzing the numbers. Paralysis by analysis is a real thing! I have seen many people miss out on good deals because they are so caught up on making numbers work to their liking…when at the end of the day, they are just projections and estimate and will never be exact. It’s more important sometimes to just jump in and learn that way.

Please reach out if there’s anything I can do to help!

Hey Shawn…I saw you said you are from pittsburgh but no longer live in the area. How long have you been gone? Just curious as I’m wondering how much things/areas have changed since you have been gone.

There are so many, as you know. If it’s exactly 150k, you should probably look at homes closer to the 130 range to cover for closing costs and any repairs, maintenance needed.

This leaves me with some neighborhoods like, homestead/munhall, parts of Penn hills, East McKeesport, Ambridge, maybe East Pittsburgh, parts of Swissvale, etc. I would also consider looking into some sub markets like Washington, Butler, Greensburg/Jeannette. Probably will get slightly nicer homes and lower taxes in these areas than similar price points closer to the city. Hope this helps!

Hi Mark! I don’t personally invest in Fayette county, but I have many clients who do. I’d be happy to connect! Feel free to reach out.

David,

A few additional markets to consider in that price point that are just outside the city are Avalon, Penn Hills/Verona, Brookline (might be just above budget, but may find something), Swissvale. I’d consider looking a bit further outside the city though as the price points are lower for what is often “better” neighborhoods.

Pittsburgh is a fantastic market for out of state investors. We have a decent amount of small multi family compared to a lot of the markets that you mentioned, and are far more affordable than the likes of Phoenix, Raleigh, Austin, etc.

Over the years, I have helped many people from the Bay Area find property here is western Pa! I’d be happy to connect you with some of them if you are interested…maybe they could share their experiences here with you!

@Tyler Fitzpatrick Hi Tyler! Pittsburgh is a great market to house hack and the numbers/types of properties you are referencing is generally a sweet spot for this type of thing. I house hacked my first home here and have many clients who have successfully done so in the past (even a few who are currently under contract and moving to the area as soon as we close). Some areas that may be worth monitoring around here in that price point are Beechview, Brookline, Carnegie, Verona, Bellevue/Avalon, and more.

Hi Cameron…are you looking to do fox and flips? BRRR?

@Michael Estacion Pittsburgh would fit what you are looking for perfectly. With 45k, you have the option of a single family rental in a B type area or even a small multi unit. Which you prefer will depend on your risk tolerance, cash flow expectations, etc. Let me know if you’d like to chat further, I’d be glad to have a conversation about some potential neighborhoods/types of properties that would work for you.