All Forum Posts by: Jeremy Taggart

@Matt Simpson You can try reaching out to Casey Burkhead see if he can help. He is a broker and I work with him on all of my properties in Pittsburgh. Burkhead Insurance Services is his company if you want to DM me I can send you his contact info also, don't think it'll let me post it on the forums. 

@Nicholas DiSanti I don't believe you have to notify the lender but I haven't done that personally so wouldn't be the best person to ask for advice on going that route. Just know the generalities of it. 

@Nicholas DiSanti I definitely wouldn't say you are going to live there and then not live there since you could get in deep trouble for mortgage fraud in that case. 

You could make it your mailing address for a year and keep it empty, which should satisfy that requirement. 

Other option would be subject to where the mortgage doesn't actually transfer into your name but you make the payments. You'd have to get the seller on board with that though and presents additonal risks going that route with the lender and what not.

Are you sure you have to live there though? I am about to assume a VA loan and it wasn't a requirement to live there for a year to assume it. I am just going to rent it out immediately. I confirmed that with the lender before starting the process though to make sure.

@Randy Werner Scolieri-Beam Law Group. Matt Beam is who I work with there they should be able to assist. 

@Alec Jacobs I would say it's more mainstream in higher priced markets. Pittsburgh probably only make sense if you are in the higher end city neighborhoods or A class suburbs like Cranberry/Robinson. I just think the rents are low enough to get a whole apartment outside the in demand areas that you'd have a tough time with getting quality tenants wanting to rent a room over just renting a studio or 1BR apartment. 

@Denise Martinez I agree with @Julie Huffman Matt and Andrew are who we use as well. Can highly recommend them. 

@Cory St. Esprit you could skip trace their number and give them a call to ask or just send them a postcard. Just say you are a local investor and looking to pick up more properties in the neighborhood.

@Alec Jacobs downtown Beaver Falls can be good for cash flow but I wouldn't expect much upside long term in terms of rent/value growth there. Aside from some massive development near there. I have found it takes a bit longer to find quality tenants in downtown as well, being a bit further up from the city/jobs. College Hill by Geneva has a bit more upside, but still limited by proximity to things/school district. 

If you are going for a house hack I would probably try to get a little closer to Allegheny County. I tend to prefer nicer areas for the house hacks because the difference in down payment between a $100k building really isn't that much from a $400k building when you are only putting 3-5% down. But the potential upside of the more expensive building is massive, plus you get a higher overall ROI when you factor in all 4 wealth generators (cash flow, loan paydown, appreciation, depreciation).

@Cole Young we have a few GC's that we primarily use for our projects and they do most all of our client's projects as well. Feel free to reach out be glad to help. 

@Daniel Tkach you need to be working with someone that does rehabs themselves to be able to tell you how much it's going to cost after walking it. Who is taking the videos for you?

You can obviously have a contractor give you an estimate but they will likely want paid for their time unless it's a place you have under contract then you can likely get them to give a bid if you are potentially going to use them for the job.