All Forum Posts by: Terrence Redmond II

@Trevor Scott Welcome to BP.  All my blessings to your journey.

Welcome to BP.  I just signed up myself not to long ago.  Copy and paste what @Anthony_Angotti said.  Would love to hear more about your vision for affordable housing.  

Are people out there actually successful with running comps on websites like Zillow/Trulia/Redfin? I'm new to investing, but the little experience I have it seems almost impossible to get even a rough estimate. What do other investors do if there aren't any houses sold in the last 90 days or 6 months in a half to one mile radius? Does that reflect on the market in that specific area to not be investor friendly? I understand building relationships with realtors, but sometimes I want to run numbers and not look stupid when its not a deal lol. I'm tired of leads coming in and Im worried that I'm missing an opportunity because these platforms dont provide the info I need, or do they? Hard to tell when you can't calibrate to a standard. MLS is that standard. I think its time just to get licensed. Whats your thoughts?

Check out some of the local REI groups when you arrive. There are a few out there. Pittsburgh Real Estate Investors is a great one to check out. It's headed up by a guy named Jerry Kisasonak. Request to join the Facebook group, alot of great people to connect to that know Pittsburgh and the ins and outs of investing in the local market. All my blessings to your journey here in Pittsburgh.

Dawn, nothing specific as of right now.  Just figuring out different strategies. This was an obstacle that came up in the process.  Thanks for the advice though, your logic makes more sense.  

Is the percentage that buy and hold investors look for annually on their ROI, based only on the cash flow of the property, or the rent in total before expenses come out?