All Forum Posts by: Preston Gealy

I'm looking for an investor to partner on a build to rent deal in Harmony, PA. Potential for $100,000 profit after sale in 5 years along with cashflow payouts. Message me for more details! 

Hey guys!

I am looking for someone to partner with on a rental in the Pittsburgh region.  PM me for details!

We built a townhouse as an investment with rent at $2350. We got a prospective tenant and went through the vetting process. We talked to them and it seemed great!  When we sent them our lease to review, they backed out saying we asked a lot of personal questions during the background check and after looking at the lease we should consider what kind of landlords we want to be.  We are used to Class D tenants where you need lots of fees and rules to keep them from destroying your property.  Should we make our Class A lease more lenient so we don't keep scaring off tenants? 

@Bob Stevens how do you choose a good one?

@Bob Stevens I'm in with an investor who doesn't want to rent it out and just wants his money back. My thoughts are to drop and get rid of it and consider a rental with the money that we get back. Right now it seems rentals are the way to go (like investing in gold vs startups) while the market settles. Flipping has been taxing for someone with a full time demanding job. I may consider BRRRRing in the future but it may be time to retire from managing flips and rentals to just focus on rentals. The Pittsburgh contractors have really hurt my business. For me 10 out of 10 contractors are crooks.

@Oren Kachel yes the area we are in is seeing prices dropping like flies

@Michael Scott this flip is in new kensington so the market is cooler than hot Cranberry Township. I ended up lowering 10k today so we will see what happens. I partnered with another investor and he does not want to keep it. If we drop another 20k, we will break even

I have a house that I'm flipping in Pittsburgh where we listed the rehabbed house as the market started tanking. Do we drop the price to get rid of it or sit tight and wait for an upswing to make some money on it?

@Santiago Marquez I guess I need to find one of the few non crooked investor friendly agents in Pittsburgh. Might be easier to find Bigfoot...

@Eliott Elias has that worked for you? I tried that with an agent in the past and they don't seem to like that