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Real Estate Thoughts

Welcome to Our Blog of Real Estate Thoughts

  • Buying a house to rehab

    A new idea has recently surfaced in the Pittsburgh real estate market.  The idea that you can buy a house for yourself, not an investment house, or a house to flip in the Pittsburgh area, but a single family house for your own family.  Actually that part is not new, what is new is that ...
  • Lets Talk About Your Independence

    “I prefer to be true to myself, even at the hazard of incurring the ridicule of others, rather than to be false, and to incur my own abhorrence.” ? Frederick Douglass     Let’s talk about your independence day. Not the one we just celebrated on the 4th of July.  That was America’s Independence Day and it is ...
  • Happy Birthday America

    Happy Birthday America In this time of fireworks and grilling, I suggest that we take a moment to remember why we celebrate the birth of this great nation. The Founding Fathers of America were brilliant men who crafted a legal document that shocked the world.   The Constituton of the United States is a declaration to the world that America would be goverened by the people, and ...
  • Note investing, Dealing with tenants, investing in raw land and more

    Note investing, Dealing with tenants, investing in raw land and more   Newsletter material As always the Pittsburgh Real Estate Investors Association is dedicated to bringing you the best education possible so that you can make the most money possible.   A note on notes In the coming weeks we will be talking about note investing a bit.  At the most ...
  • Registering a Trust in Allegheny County PA

    In case you missed the last email: Hello All,  I apologize for not being at the first meeting on the 3rd however that won’t stop us from going down to the courthouse and taking a first hand look at how to file a trust. If you are buying a new property you can really get an appreciation ...
  • Pittsburgh Houses for Sale from REIA members

    Pittsburgh Houses for Sale from REIA members Easy Flip on Desirable Street in Carrick – ARV 105k – $42,900 Located on the border of Baldwin Boro but in the City. Large yard and attached garage. 3BR brick ranch.  Lots of comps on this street with low days on market. Contact Dave: 412-414-9644 WhiteacrePropertyCo@gmail.com Well-Maintained and Updated House in Elliott – $21,000 Corner lot with detached garage. Updated kitchen and windows.  ...
  • Equity Skimming is a no-no and it can lead to jail time

    First off, I want to wish all the Dads out there a Happy Father’s Day. Enjoy your time with your family.  Family is what makes investing worth the effort. Now on to keeping you out of jail.  Staying out of jail is a key component to enjoying life with your family, so it just soft of dovetails with todays topic.  The article below talks ...
  • Just a quick reminder, there will be no mentor meeting this Sunday due to Father’s Day

    Just a quick reminder, there will be no mentor meeting this Sunday due to Father’s Day As much as I believe that there is real value in the Sunday mentor classes, and I feel that going over live deals is important.  I have held the idea that we will not meet on holidays.  We make money ...
  • Penn Hills and more

    Stupidity from Penn Hills Hi Josh, Hope all’s well!   Not sure what to do about this but thought you might have ideas.  Per the attachment, It looks as though Penn Hills was able to sneak through an ordinance similar (but even more costly) to that which we were able to stop in the City of Pittsburgh.   Irina was given ...
  • Lou Brown sub-group update

    Lou Brown sub-group update     Hello All,     I apologize for not being at the first meeting on the 3rd however that won’t stop us from going down to the Allegheny County courthouse and taking a first hand look at how to file a trust. If you are buying a new property you can really get an appreciation for ...
  • Robyn Thompson Update

    Robyn Thompson Update   I have a couple of updates from Robyn.  The first is that the recordings of her full day seminar are available. I have 100 of them. Im not sure if I can get more later or not.  Robyn sells these recordings for $69.95 to her students but she let me have a batch ...
  • Lots of exciting stuff at this next monthly REIA meeting

    Don’t Let Who You Were Talk you out of Who You’re Becoming     Lots of exciting stuff at this next monthly REIA meeting   This may be the most education packed Pittsburgh REIA meeting ever.  Usually we focus on one single way of making money in real estate.  On June 16th, we will set a record by bringing in ...
  • REIA Sub-Group Meetings for the month of June 2015

    REIA Sub-Group Meetings for the month of June 2015 Commercial Sub-group Meeting Tuesday the 9th   The commercial group meeting will be at 7pm Kings Restaurant in Heidelburg – Bridgeville In the same plaza as Walmart and Lowes Today we will be talking about a couple of live deals on a 36 unit and a 24 unit building.  There is ...
  • On Syndication – How small time investors run with the big dogs.

    On Syndication -  How small time investors run with the big dogs.   Syndication is a technique where a group of smaller investors pool their resources and go after bigger property.   You usually see this sort of thing in commercial property or in areas where costs are insane.  The Pittsburgh REIA club is actually putting two of ...
  • Lou Brown Trust Group Meeting Tonight

    Lou Brown Trust Group Meeting Tonight   The Pittsburgh Real Estate Investors Association Sub-Groups are for Pittsburgh REIA members only. Tonight the Lou Brown sub-group on using trusts for asset protection and more will be meeting tonight at 6PM at the Panera in Robinson.   There are actually two Panera’s in Robinson Township, we are meeting at the Panera ...
  • If you have to go work today then you should be mad.

    If you have to go work today then you should be mad.   The goal of every real estate investor should be to become financially independent.  Financial independence can mean a lot of things, but first and foremost it means that you don’t have to get up and go to work Monday morning.  Let that sink in ...
  • Updates for those of you who missed the Robyn Thompson seminar on the 23rd

    Updates for those of you who missed the Robyn Thompson seminar on the 23rd. You screwed up.  If your family forced you to miss a full day with the queen of rehab then it is time to get a new/better family.  Robyn was awesome and she covered a variety of topics from wholesaling, to asset ...
  • PWSA class action law suit

    PWSA class action law suit   As some of you know a class action law suit has been initiated against PWSA.   Pittsburgh REIA will be one of the plaintiffs.   I will get details of how each of you can join in on this long overdue law suit.  Anyone who has ever had to deal with PWSA should ...
  • The Meaning or Memorial Day

    The Meaning or Memorial Day   As many of you know, Memorial Day has nothing to do with cookouts.   Memorial Day is a day where we the living remember the brave men and women who went off to fight for our freedom and never came back.  I have known some of these people as have many of ...
  • When can you quit your job?

    When can you quit your job?   I wrote this article to address a question that I get occasionally.  I have seen people who quit too early and that is a mistake.  I want you all to quit your day jobs, but at the right time for you and your family   We all talk about quitting our jobs, ...
  • June 4th Self-Directed IRA Course

    June 4th Self-Directed IRA Course Hello Josh Would you be able to give me a few minutes at this months meeting announce a workshop I want to give.  June 4th  location to be determined. WHAT THIS CLAS IS:  This class designed for real estate investment providers.  Many real estate investment providers have specific systems for investors. This class is ...
  • Is your bank account safe?

    Let’s be honest, I love real estate.  Part of what I love about real estate is that it is so much better than every alternative.  Unlike stocks and bonds or other forms of paper assets, real estate has intrinisic value.   It is worth something no matter what happens in the market because people are always going ...
  • A Learning opportunity for everyone

    A Learning opportunity for everyone.   As you know by now, I am all about education.  In real estate there is no such thing as too much education.  My true passion is teaching people how to make money and real estate is my vehicle.  That being said, I try to send out a good deal of ...
  • Using Drones To Sell Commercial Real Estate

    Using Drones To Sell Commercial Real Estate It won’t be long before these things are used to sell single family houses. I am already seeing drone use on ultra-high end houses in Pittsburgh. I gathered this article from the CCIM newsletter.  While this newsletter is aimed at commercial real estate, it has some carryover to our world.   Drones ...
  • Wage Garnishment in Allegheny County

    Wage Garnishment in Allegheny County By David M. Tkacik, Esq. In Pennsylvania, a landlord with a final judgment for debt incurred under a residential lease may garnish or “attach” the tenant’s wages.  This can be a very powerful collection method and may be the only viable option for a landlord to get paid.  Other types of creditors, ...
  • SB 351 Help for short sale investors

    Help for short sale investors   Action Required: Contact Your Local Senator     The Following US Senators should be contacted in a friendly and encouraging manner to urge their support of the Mortgage Forgiveness Debt Relief Act in Senate Bill 351.  Please FAX a 1-page letter, on your letter head to the Senator in YOUR STATE.  A few sample ...
  • NEW Line of Credit for Fix n Flip

    NEW Line of Credit for Fix n Flip For the Pittsburgh Real Estate Investors Association Members   New lending program for real estate investors that Fix and Flip property designed to grow your deal flow and business!  Just in time for the Robyn Thompson Seminar !!!!     Fix n Flip Loan Program   - Have money for your deals ready when you ...
  • May Special Seminar Flippin the Burgh

    May Special Seminar – Flippin the Burgh   Pittsburgh real estate seminar wtih Robyn Thompson flipping houses   This all brings me to Robyn Thompson.  Robyn is a great speaker.  Well maybe she is.  It’s pretty easy to speak when all you are doing is recalling the events of your own life.  In her case, all Robyn talks ...
  • Conventional VS Creative Real Estate Financing

    Financing – conventional vs creative In the real estate investing game there is a lot of talk about financing in all of its forms.   As you become a more sophisticated real estate investor, more and more financing avenues open up before you. Cash is an option for some.  Cash is also my least favorite way to buy ...
  • Getting started as a real estate investor

    Getting started as a real estate investor.   I can dedicate this article to assembling your real estate team.  There are a lot of real estate educators who will talk to your about getting your team together.   You need a real estate attorney, you need an accountant, you need contractors, you need a real estate agent, you need a ...
  • Don’t make a big mistake flipping houses, learn from the best.

    One of the biggest mistakes that I see from new or even seasoned investors is that they watch those flip this house shows and they think that flipping is easy, BIG MISTAKE. There is a ton of money to be made in flips and you can make 50-100k on a flip in Pittsburgh. The down side is ...
  • This is a bad idea – FICO creates new credit score

    There are times when the market screws itself up. Then there are times when the government steps in to screw a market up.  This is the second thing.   The Gov in Washington feels the need to screw up the housing market even further, and this is a really good way to do it.  At the behest of ...
  • Thank You Lou Brown

    Thank You Lou Brown   Thank you, for teaching the members of the Pittsburgh Real Estate Investors Association how to use trusts in Pennsylvania.   Thank you for dispelling the myths about trusts in PA.   Most of all, than you for teaching our club all about using trusts for asset protection, and to control property without buying the ...
  • NNN Commercial Real Estate Deal Looking for equity partners

    Ok my fellow investors here is the deal.   I have a $11,300,000 commercial property under contract and I can raise $10,500,000 in financing and still make this deal work.  Notice the $800,000 gap between what I can raise and what I need?   That is why this post exists.  I am willing to give up a % ...
  • Do you want to be a guest on my radio show or do you have a question that might help other investors?

    Do you want to be a guest on my radio show or do you have a question that might help other investors?   As some of you already know.  I have revived my old radio show and I am scaling it for a local audience.  My previous shows were geared towards a national audience with mostly national ...
  • Real Estate Investing 101 with Josh Caldwell – Options, your magic bullet

    Real Estate Investing 101 with Josh Caldwell – Options, your magic bullet In this episode, real estate guru Josh Caldwell will be discussing the many uses of the option contract. You can use an option contract to buy, sell, or flip a property, options can be used on commerical, and residential real estarte, and raw land. You can use ...
  • Real Estate Investing 101 with Josh Caldwell – What do you need to get started?

    Real Estate Investing 101 with Josh Caldwell – What do you need to get started? I did a radio broadcast on the topic of how to get started as a real estate investor.  In this episode I cover some very powerful topics including   Why real estate? Who can make money in real estate? Monkey math What do you really need ...
  • Renters are not converting to buyers anymore, and here is the reason.

    Renters are not converting to buyers anymore, and here is the reason.  Author Trey Garrison sorted through data released by the NY Federal Reserve Bank for clues. Read his article below.   Why aren’t more renters becoming homeowners? New York Fed report suggests the answers are obvious Trey Garrison   The main factors preventing renters from becoming owners are weak balance ...
  • Housing and Urban Developement HUD to provide $150 Million to help disabled

    Housing and Urban Developement HUD to provide $150 Million to help disabled This announcement from HUD means that there will be more local money to help disabled people find housing that is suitable for their needs.  This is important to voucher program recipients.  Landlords should be excited. HUD AWARDS $150 MILLION TO PROVIDE PERMANENT HOMES AND SERVICES ...
  • Pittsburgh Real Estate Market at the top of another national survey

    These Are the 20 Hottest Housing Markets in the U.S. Right Now Pittsburgh Real Estate Market at the top of another national survey     Houses in Pittsburgh PA sell quickly compared to other cities in America.  The strength of the Pittsburg real estate market is still building.   Looking to buy a house? You’d better be on your game. High ...
  • Are you self sabotaging?

    Are you self sabotaging? The psychology of real estate investing.   A number of new and not so new real estate investors seem to get stuck at a point.  At the core, real estate investing only requires two things.  You need an education in the ways of real estate investors and you need to take action. That ...
  • How to get a hard money loan for real estate investors

    A Primer on Hard Money Loans by Rick Tifone, CCC Holdings, LLC This primer is based on the most frequently asked questions I receive from investors who are seeking financing. What is a hard money loan? A short term loan through which a borrower receives funds secured by non-owner occupied real property. Hard money loans are typically issued ...
  • Why risk it? Here’s a better way

    Why risk it? Here’s a better way   Hello Pittsburgh REIA,   Why take the risk? Seriously! Why jeopardize EVERYTHING you’ve worked so hard to earn and not protect yourself and your family from frivolous lawsuits? It’s not difficult. It’s not time-consuming. And I’m sorry, but you can’t use cost as an excuse because it’s not expensive. Heck, I’ll even give you ...
  • The art of negotiating real estate deals. PART 1

    The art of negotiating real estate deals. I say that negotiating is an art but cause whenever two individuals are talking about the price or terms of a house, a lot of weird things can happen, so there is no room to call this process a science.  I once had a seller counter my offer with ...
  • Learn how to buy with no money

    Learn how to buy with no money on TERMS   Call it TERMS, ACTS, REACTS, CATS or any other acronym that any guru comes to town with. The concept is still the same. I have been using no money down techniques for years, right here in Pittsburgh PA.  I don’t operate in the fantasy world of the ...
  • Basic Pistol Shooting Class with John Brown

    Self-defense with John Brown of 3 Rivers Tactical Training Solutions.   I was quite pleasantly surprised to spend my weekend with 34 other Pittsburgh area real estate investors and their family members.   The pleasant surprise was that all of these individuals were with me at John Brown’s pistol self-defense course.  When I first talked to John about ...
  • A lesson in due -diligence

    A lesson in due -diligence well several actually,   It’s been a fun week so far.   I want to take a moment to thank God that I spend a good deal of time working on due diligence.   For those who aren’t familiar with that term, due diligence is the legal term for the art and science of ...
  • Pittsburgh properties for sale 3/13/2015

    Pittsburgh Area Properties For Sale Before I get started, I have a couple of housekeeping notes to address. #1 – I titled this newsletter as “Properties for sale”, so that investors who are not looking for more property can just delete this edition and move on. #2 – This is a test of property selling machine that I ...
  • The Impact of Governor Wolf’s Sales Tax Expansion Proposal

    The Impact of Governor Wolf’s Sales Tax Expansion Proposal   In an effort to increase revenue for the State as part of his proposed budget plan, Governor Tom Wolf has proposed legislation to increase Pennsylvania’s sales tax from 6.0 to 6.6 percent while significantly broadening the scope of applicable purchases.  Perhaps most notably included in his new ...
  • Rental Application from Bill Laughner

                            $35.00 Per Adult  18+  Rental Application     $35.00 Per Adult 18+                                 $50.00  Married Couple       Cash or Certified Check Only                  $50.00  Married Couple    Each Occupant Over 18 Years of Age MUST Fill Out a Rental Application       ONLY CLEAN & RESPONSIBLE PEOPLE WHO PAY RENT ON TIME MAY APPLY with valid ...
  • Bill Laughner Lease

    From Bill Laughner, Submitted to Pittsburgh REIA.   Here is a version of Jean’s lease I use.  I modified and added a couple of clauses such as no interest on security deposit, scheduled and missed contractor appointments.  I had tenants scheduling repairs but to lazy to get out of bed to let contractor in.  This clause fixed that. Line ...
  • Getting started in real estate investing questions from a newby

    Getting started in real estate investing questions from a newby   I recently got a series of questions from a new investor.  I get a lot of questions that look like these, and to be honest, he asked a great group of questions and I thought I would share with the group.  His queations are in black, ...
  • Can a credit card debt create a lein on real estate?

    Can a credit card debt lein be attached to real estate A credit card is unsecured debt until they get a judgment then they become secured against any real property owned by the debtor. If a credit card or anyone gets a judgment against someone it becomes a lien against any real property that they ...
  • Gary Wilson, Top 10 Tax Strategies

    1. AVOID PASSIVE LOSS LIMITATIONS: Deduct Unlimited Property Tax Losses Even if Over $25,000 or Your Income is Over $150,000 by Being a Real Estate Professional. With the aforementioned non-cash componentizing deductions piling up, your properties are going to be throwing off paper tax losses which you want to fully deduct against your other income. Except for $25,000 ...
  • Jon and Stephanie Iannotti Acts, REACT, CATS course

    Jon and Stephanie Iannotti, REACT, CATS course I just got off the phone and I am really excited!!! I was on the phone with Jon Iannotti. For those of you who don’t know Jon, he is the creator several terms course. Yes, you heard me correctly, Jon helped create a creative finance course. At the time, Jon didn’t want to be the guy ...
  • A note on advertising your properties

    A note on advertising your properties. I don’t care if you are renting or selling a house, you need to explain to people why they should choose your house. I recently had a student send me a really bad advertisement. It was complete, it had all of the info, but he/she pointed out all of ...
  • How real estate professionals spend a snow day.

    How real estate professionals spend a snow day. Professional real estate investors are weird people. We do not look at things the same way that normal people look at things. For example, today the snow is really coming down; driving around town might be a bad idea. I live near ...
  • What Can a Virtual Assistant Do?

    A Virtual Assistant (VA) can do just about anything that can be done via phone & computer. This is a very cost effective way to get the assistance you need help you succeed. In the real estate investing world, VAs can find FSBOs, call the seller and complete a property information sheet, screen buyer calls ...
  • Jean Yevic Lease

    Jean Yevic Lease   This is the famed lease created by Pittsburgh REIA, Western Pennsylvania REIA, and ACRE Pittsburgh founder Jean Yevic WPREIA Lease RENTAL AGREEMENT INVENTORY RECORD Received requirement for leaving premises Received schedule of damage charges Keys received THIS AGREEMENT IS MADE AND ENTERED INTO BETWEEN: AGENT/LANDLORD: TENANT/S: ALL OF THE PREMISES DESIGNATED AS: CONSISTING OF: FOR THE SUM OF:  $                            /MONTH TOTAL SUM OF CONTRACT:   $ TERM OF AGREEMENT:  BEGINNING ...
  • Building Your Fortune Buying Vacant Land

    Building Your Fortune Buying Vacant Land By Kathy Kennebrook (The Marketing Magic Lady)   There are lots of great ways to make a lot of money in real estate, not the least of which is buying and selling vacant land. This is an effective way to do real estate deals with no hassle, no rehab, no insurance and ...
  • How to Find Motivated Sellers with Almost No Money

    How to Find Motivated Sellers with Almost No Money           By Kathy Kennebrook (The Marketing Magic Lady)             You can locate motivated sellers even if you have little or no money to work with. Way back in the early days of my business I used some very inexpensive techniques to locate very motivated sellers, since we only ...
  • Following Up with Motivated Sellers Can Make You Millions

    Following Up with Motivated Sellers Can Make You Millions By Kathy Kennebrook (The Marketing Magic Lady)   Let me ask you a question; are you properly managing your prospects? Are you taking the time to follow up with the sellers who didn’t initially accept your offers, or the sellers you still need to make offers to? Did you ...
  • The cost of education for real estate investors

    The cost of education for real estate investors   In the great world of real estate investor clubs there are really two components.   The first component is networking.  It is very important for both novice investors and experienced or professional investors to network with their peers but that is another article. Education is the other main component. The ...
  • Where are Pittsburgh REIA members from (not just Pittsburgh)

      Where are Pittsburgh REIA members from (not just Pittsburgh)   We are a club of real estate investors and future investors who have chosen real estate as a vehicle to achieve financial freedom.  We are from every neighborhood and town in Western Pennsylvania.     We also have members as far south as Boca Raton Florida, as far West ...
  • Coming to your first meeting.

    Coming to your first Pittsburgh REIA meeting?   I get this question a lot, “what do I need to do to prepare for my first REIA meeting?”.   The answer is simple, all you need to attend a Pittsburgh Real Estate Investors Association (REIA) meeting is a good attitude and a desire to learn.   It might also be helpful ...
  • Pittsburgh real estate values, its all about neighborhoods

    Pittsburgh real estate values, its all about neighborhoods   Welcome to the Pittsburgh real estate market.  As real estate and home buyers, we love this market.   Before I go too far into why I believe that the Pittsburgh market is the best place to buy real estate, I want to go off on a tangent. This is ...
  • How to use your IRA to make money in real estate

    How to use your IRA to make money in real estate   A little known loophole in the law allows Americans to manage their own IRA account.  The account needs to be held by a third party IRA administrator.  There are only a handful of these companies scattered across the country.  I don’t make recommendations as to ...
  • Getting started as a real estate investor.

    Getting started as a real estate investor.   On of the biggest hurdles that real estate investors face is getting started.  There are so many hurdles that it is easy for a novice investor to get sidetracked and stall before they ever get moving.   The entire premise of the Pittsburgh Real Estate Investors Association or PittsburghREIA is ...
  • Investing in up and coming neighborhoods

    Investing in up and coming neighborhoods.   Every real estate investors wants to invest in a neighborhood that is up and coming.  There neighborhoods go through phases.  Get ahead of the crowd and you can make a lot of money, choose the wrong neighborhood and you could be stuck in an area where nobody wants to live.  ...
  • After Repaired Value – the key to flipping

    After Repaired Value – the key to flipping   Sometimes I watch TV, and when I do, it’s usually something about real estate.  I know I am obsessed and I am a dork but that is my life.  So I am watching the TV show Flip or Flop on HGTV and the stars of the show have ...
  • What is title insurance and do you really need title insurance?

    What is title insurance and do you really need title insurance?   Title insurance is exactly what it sounds like, it is insurance that the title to the property which you are buying is free from defects. Do you really need title insurance? Yes you do, if you are buying any sort of real estate.  Notice that I said ...
  • How to find Pittsburgh property buyers

    How to find Pittsburgh property buyers   If you are trying to sell a house or even a commercial property in the Pittsburgh area, then I suggest you reach out to the people who buy more property in the Pittsburgh area than any individual.   The members of the Pittsburgh real estate investors association buy hundreds of houses ...
  • What is the worst place to look for a real estate deal

    What is the worst place to look for a real estate deal? The absolute worst place to look for a deal in the real estate market is on the Multi-List System or MLS.  One of the great advantages that real estate investing has over virtually every other sort of investing is that the information is asymmetric, ...
  • How to figure out what your property should rent for?

    How to figure out what your property should rent for? There are a number of ways to come up with this magic number.  The first and most commonly used is the wild guess.  The wild guess can be problematic because our human brains will mostly guide us towards a safe number and we will end up ...
  • Past Speakers for the Pittsburgh Real Estate Investors Association – Reggie Brooks

    Reggie Brooks  - Reggie Brooks is the abandoned property expert. Reggie has made a fortune by buying the property that everyone else ignores.  The great part about this technique is that Reggie has almost no competition in his market.   Because he is the only buyer, he gets to buy houses and insanely low prices.   Then ...
  • Past Speakers – Pittsburgh Real Estate Investors Association – Scott Meyers

    Scott Meyers – Scott Meyers is the leading expert on self-storage facilities.  Self storage is a great subset of the commercial real estate world.  It functions like a commercial multifamily property in that any individual tenant doesn’t affect the bottom line much, but unlike the big commercial multifamily complexes, there are no toilets to fix ...
  • Why You Should Join the Pittsburgh Real Estate Investors Association

    Why You Should Join the Pittsburgh Real Estate Investors Association   The simple answer is because hundreds of other local investors understand the value of this association, and meeting them will shorten your learning curve.  In reality there are a number of very good reasons to join the Pittsburgh Real Estate Investors Association. If you are a beginner, ...
  • Past Speakers at Pittsburgh REIA meetings – Ron LeGrand

    Ron LeGrand – Ron is the Millionaire Maker because so many of his students have gone on to become millionaires themselves.  Ron has taught nearly every national speaker alive today as some point in their careers.  I don’t believe that there is another person on earth who knows as much about real estate and creative ...
  • The Pros and Cons of Being a Section 8 Landlord

    The Pros and Cons of Being a Section 8 Landlord   If you are a landlord looking for renters, the government section 8 programs can be fantastic; it can also be a nightmare.  It all depends on your point of view On the plus side of the equation, the government will provide you with a seeming endless stream ...
  • Why contractors should join the Pittsburgh Real Estate Investors Association

    Why contractors should join the Pittsburgh Real Estate Investors Association.   If you are any sort of contractor operating in the Pittsburgh real estate market, then you really should join the Pittsburgh Real Estate Investors Association.  There are several reasons the make club membership the lifeline of your business. First off, we are a club of several hundred ...
  • Pittsburgh Home Depot Discount Program

    Pittsburgh Home Depot Discount Program Let me just start off by thanking Scott Santoyo who made this entire program possible.  Scott is the Operations Manager at the Allison Park Home Depot (Rte. 8 Hampton).  His team at the Allison Park Home Depot has worked very hard to create a special and amazing discount program for Pittsburgh ...
  • How to sell a high priced house in a bad market

    How to sell a high priced house in a bad market   all houses sell quickly in a hot real estate market.  Its during the bad real estate markets that you have to get creative when selling a house. The high end housing market is always a bit different than the general housing market. The reason for this ...
  • How to become a private lender

    One of the questions that I get a lot from people outside the real estate investor world is “how can I become a private lender?”  This is a great question. In sort, you need to seek out a professional real estate investor and tell him that you are interested.  There are two important questions that you ...
  • How to sell a house when you owe more than its worth

    How to sell a house when you owe more than its worth. Many houses in America are underwater at the moment.  This happens every time there is a decline in the market.  The steeper the decline the more houses go under water or upside down or whatever term you want to use. The problem with selling these ...
  • How to make money rehabbing houses even if you don’t own a hammer

    How to make money rehabbing houses even if you don’t own a hammer   Rehabbing houses is all the rage nowadays.  It seems like the entire DIY TV Network is built around rehabbers.   I both love and hate these shows.  I love these shows because they bring awareness to my industry and they sometimes come up with ...
  • Lessons from a historic house (rehab)

    Lessons from rehabbing a historic property I don’t know that I can share a lot of lessons from this project because we have an offer on the property two weeks into a total rehab.  Seriously, we weren’t even done with demolition before someone wanted to buy the house. I guess there are two lessons that I can ...
  • How real estate investors improve neighborhoods

    How real estate investors improve a neighborhood   If there is one thing in the real estate market that truly makes my blood boil, it’s when anyone badmouths real estate investors.   There at a few bad apples in our industry who do things that they should not do, these people are not real estate investors, they are ...
  • How to sell a house that needs repairs (Ugly house)

    How to sell an ugly house   Selling a house is difficult, selling a house that needs a lot of work is nearly impossible unless you know how to target the right group of buyers.   The price point is irrelevant, I have personally helped individuals sell houses priced anywhere from $5,000 to $1,280,000.   If the house needs ...
  • The Pittsburgh Real Estate Market

    The Pittsburgh real estate market is a truly unique market.   Forbes Magazine recently named the Pittsburgh real estate market as the #1 real estate market in the country.  The rationale behind the Forbes article is that Pittsburgh is not a flashy market.  We do not have the bubble and collapse cycles that most other American ...

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