All Forum Posts by: Max Feinberg

Escalation clauses, get an inspection prior offering, quick close, there are lots of options!

@Ryan Coffman NexTier as well

@James Dolan Awesome. I know you guys worked hard on it. Congrats!

Hey Tyler...I agree with what Josh and Jeremy have said in regards to there not being a ton of 4 units around the Pittsburgh area. A client of mine just closed on a fourplex about a month ago that has fantastic numbers, but its a bit far away so if you are looking to live in a property like this as well, the low inventory may make it hard to find something  in a desirable area.

That being said, if your goal is to live for free (or very cheap), a duplex/triplex is a great option. Tons of options in neighborhoods all over the city depending on your budget. Should be able to find a pretty good duplex for under 160 and a Tri for under 200. 

-Max

Hello Joe and welcome to the BiggerPockets community. Here you will be able to learn a lot, but most importantly connect with some unbelievable people who will help you get your investment journey going! Best of luck and Happy Holidays

@Matthew Stapleford @Clayton Hepler

@Natasha Nam no you do not. You are allowed to self manage no matter where you are located

Hi Jennifer!

I tend to agree with Jaysen...nice looking property but the numbers are not there. I agree with your estimates for the most part (I would also bump up maintenance and Cap Ex), but this property will not be a money maker for you.

If you are interested in duplexes, I would reconsider the price range/area you are focusing on. Because of market rents around Pittsburgh, the most attractive duplexes are in the 130-170 range and generally in neighborhoods surrounding the city. South Side is obviously a strong rental market, but the prices are a bit too high to excite me.

Hello Joel! What type of investing are you looking to do? Buy and Hold? Flip? 

Hey Lyle! Congrats on starting your investment journey. Although I am not in South Florida, I would be happy to help a fellow Pittsburgher in any way I can! Feel free to reach out in the future with any questions you may have. Best of luck