All Forum Posts by: Eric Swope

@Mike Pastor Thanks for the follow up. I just sent you a colleague request so we can touch base. Once I move back to the area from college I will be sure to check out the REIA meet ups.

Pittsburgh Investors,

My name is Eric Swope and I hope you are all having a great start to the new year. I am currently a 21 yr old civil engineering student who is graduating in May. I have recently accepted a full-time position working in the commercial construction industry and will be looking for housing in the Pittsburgh area starting June 1st. I have been fortunate enough over my college career to pay off all my student loans and put away some capital (10k) for my first investment property. My initial plan was to rent for a year, continue to live frugally, save up an additional (25k), and purchase a small multi-family property in June of 2018 to start the BRRR strategy. As I continue to shop around for apartments, I am starting to see that dropping (700-1000 per month) on something I will not own does not align with my long term goals. However, if there was a way to acquire a small multifamily after renting for one year..... it would provide me time to increase my rehab capital and become more lender friendly (stable employment, credit score, etc).

As a result, I am interested in the "rent-to-own" strategy to acquire my first deal. Since my future fiance has already a stable job east of the city, an ideal property would be within Westmoreland County and/or the eastern edge of Allegheny County. Some neighborhoods include: Irwin, Greensburg, Youngwood, Murrysville, Delmont, and Monroeville. If anyone has a small-multifamily property within the listed vicinity and they are looking to sell within the next 12-18 months.. please let me know.

Thank you,

Eric

Pittsburgh BP Members,

As a new member to the BP Forums, I am interested in learning more about the Pittsburgh multi-family market. I am currently a 21 yr old senior civil engineering student who has accepted a full-time position in the commercial construction industry. Through multiple internships/jobs/RA/etc, I have been able to pay off all my student loans as of last week! My interest in RE investing started after attending a Chicago ULI event and listening to a presentation by Sam Zell. Right now, my focus is on acquiring a small multifamily property in the Pittsburgh area within one year of graduation (May 2017) and start house hacking. I have been a BP podcast listener over the past year which has inspired me to keep working hard. I am looking forward to meeting local investors and getting started very soon! 

Best Regards,

Eric 

Angelica Osusky congrats on your first flip and taking the huge leap! As a 21 year old college student who has been putting cash away towards his first RE investment... I would like to know how you managed to raise 48 grand in capital while also playing basketball in school? I am on track to have all my loans paid off and cash for a property in late 2017. I have been an RA twice, worked two other jobs, and had three engineering summer internships through my four years. However, I would like to know some of your strategies to speed up the process. Thanks, Eric Swope