Quarantine Updates

Stay Connected During Quarantine

  • Why rental property is a great investment

    September 26, 2020 12 Reasons Why Rental Properties Are the Best Investment Brandon Turner 1. You can purchase it using leverage. Rental properties are great because you can borrow the bank’s or someone else’s money to increase the potential return. This is known as leverage. In other words, you don’t need to have 100 percent of ...
  • Kicking the Can: Will Delaying Evictions and Foreclosures Worsen a Downturn?

    September 23, 2020 Before you read this article, I want you to think about something. The article makes that case that chaos is about to happen in the real estate world.  For us investors, chaos can be good.  There will be people selling at big discounts, but there will also be investors buying at ...
  • How to Increase your profit with Tax and Accounting Strategies

    September 12, 2020 Pittsburgh REIA Meeting is Tuesday Sept 15 at 7 PM to approximately 9 PM Accounting might not be the sexiest topic but cash is.  If you want to keep more of your cash, then you want to get in on this web meeting.  I have two CPA’s on the line ...
  • Pennsylvania’s Clean Slate law

    September 12, 2020 “Pennsylvania’s Clean Slate law was the first in the country to seal criminal records through an automated process. One year in, over 35 million cases have been sealed!” I can’t imagine any way that this will be a good thing for us.  I am not sure how much info has been ...
  • Pittsburgh REIA Commercial Real Estate Group – Tues @ 6:30PM

    September 7, 2020 The Pittsburgh REIA Commercial Real Estate Group will meet on Tuesday, September 8th @ 6:30 PM. Video conference and call in details are below. Please join my meeting from your computer, tablet or smartphone.https://global.gotomeeting.com/join/987039269 You can also dial in using your phone. United States: +1 (872) 240-3412 Access Code: 987-039-269 This ...
  • Free Webinar – How to create a 5 figure monthly cash flow

    September 7, 2020 Hello Pittsburgh Real Estate Investors My name is J. Scott Scheel, CEO of CommercialAcademy.com. My team and I are on a mission to change an additional 50,000 lives through the amazing opportunities offered by Commercial Real Estate. I’ve got a personal invitation for you. I’m teaching a special FREE Webinar for anyone ...
  • Innovate or DIE

    August 25, 2020 The commissions in real estate are under attack right now.  We are in the age of…….Innovate or DIE!!!  We help real estate professionals bring more value to their tenants/clients through a partnership with the world’s largest direct seller of telecommunications, energy and other essential services!! Through a simple ...
  • Biden’s tax plan would “pull the rug out” from under the real estate industry: insiders

    August 13, 2020 Presumptive Democratic nominee is going after 1031 exchanges By Rich Bockmann Joe Biden went after one of the real estate industry’s favorite tax benefits Tuesday when he proposed funding a child- and elderly-care spending platform by closing off a loophole used by property investors. The presumptive Democratic presidential nominee proposed eliminating ...
  • PPP program forgiveness/repayment deadline is nearing

    August 13, 2020 The PPP program forgiveness/repayment deadline is nearing. Accurate and complete information is required in order for the loan to be forgiven completely/partially.  If you need help making sure that you get your loan forgiven, reach out and ask at the email below. Thank you Quentin Painter, Esquire q.painter460@gmail.com
  • Buying Notes Webinar – Registration is now open

    August 13, 2020 Registration is now open for the August 15th webinar on buying mortgage notes,  This is back by popular demand.  If you are interested in PASSIVE income, this is for you !!! I have the nation’s leading experts on buying and selling notes, doing a full day webinar for us. You ...
  • Couple of Off Market Deals

    August 13, 2020 Duplex Rental Property 4713 Penn Way, Mckeesport, PA 15132  $60KGreat Rental Income Option in a Duplex. Monthly income = $1300!! Recent updates. Brick Structure Asphalt roof. Quiet Neighborhood. Cash Deal Preferred. Call or Text Shawn at: 412-401-1082. Duplex Rental Property 1814 Converse St., Mckeesport, PA 15132  $50KGreat Rental Property Opportunity! Upstairs, Downstairs Duplex. Both ...
  • Back by popular demand – note investing

    August 4, 2020 I know a LOT of you are excited about notes and learning how to buy discounted mortgages as a passive investment strategy.  So I talked to the folks at Note School and they will do another seminar for us. I explained to them, that we had a bunch of people who couldn’t ...
  • A Thought on Wealth

    August 3, 2020 I had an interesting conversation this week on the subject of wealth. What makes real wealth and what does it look like? I noticed a long time ago that you can’t judge the wealth of someone just by looking at them.  Some of the wealthiest people I have ever met, dress like ...
  • Recording of the Larry Harbolt creative finance seminar

    July 31, 2020 This is for those of you who missed this fantastic webinar.  Larry did a lot of teaching, and he shared a lot of information.   The entire thing is over 5 hours of pure education. You would normally have to spend a lot of money to get this, but Larry is a friend ...
  • Topics you would like to learn about from a Real Estate Attorney?

    July 31, 2020 I am in contact with several real estate lawyers who want to come on and teach you. The problem is that nobody knows what you want to learn.  So if there is a subject that you think a lawyer could teach, please reach out to me. PittsburghREIA@aol.com
  • Off Market Rehab Property – Stanton Heights

    July 31, 2020 Buyer backed out due to COVID-19 related financial issues. Address is 6640 Marietta St. Pittsburgh, PA 15206. Asking price is $29,999 – recently lowered from $40k in April ’20. Comps are close to $200,000. It’s up on a hill and has a great view of the Allegheny river. It needs a full ...
  • Recording of July REIA Meeting with Larry Harbolt

    July 24, 2020 Pittsburgh REIA was fortunate to have Larry Harbolt speak at the July Meeting this week. Below is a link to the recording of the meeting in case you missed it or want to revisit it. Recording of July Meeting with Larry Harbolt
  • Upcoming changes to Zillow Rental Manager listings

    July 11, 2020 Zillow about to charge $10 per week per rental listing in PA. Get out of here. Greedy company doing the same thing they’ve been doing. DONT PARTICIPATE IN THIS MONEY GRAB Facebook Marketplace, Posting in Facebook Groups, Blasting through Cozy (Realtor, Doorsteps), Zumper, etc. They all give us better rental leads than ...
  • Big announcement for this month’s REIA meeting

    July 11, 2020 Pittsburgh REIA is happy to announce that we have a two-part webinar from my friend Larry Harbolt.  Larry is a legend among real estate investors.  He will do a 2 hour seminar on our regular meeting night.  July 21st from 7-9 PM.  He will also do a full day seminar ...
  • Independence Day Membership Sale – One Weekend Only !!

    July 4, 2020 Today is July 4th, American Independence Day, and one of my favorite holidays.  Independence Day has it all. Great History, food, beverages, fireworks, and friends.      In honor of Independence Day, I want to make a special offer to all of you, who wish to be independent.   ...
  • Happy Independence Day Message

    July 4, 2020 I have to tell you the Independence Day is one of my favorite holidays.  It is a holiday that is uniquely American and it reminds us of our heritage as the greatest nation in the history of this planet. It all starts with this simple yet unique statement in the preamble ...
  • Don’t Worry

    June 30, 2020 A study done by Dr. Walter Calvert, funded by the National Science Foundation, revealed some startling statistics about human beings and worry. Here’s what he found: 30% of our worries are about events in the past 40% of the things we worry about never happen 12% of our worries are unfounded health ...
  • IS YOUR EVICTION CASE IN THE WRONG COURT?

    June 30, 2020 IS YOUR EVICTION CASE IN THE WRONG COURT? By Rob Xides Most experienced landlords in Pennsylvania believe that they understand eviction law.  It requires notice to the tenant, followed by a Complaint and a hearing before the District Magistrate.  The tenant can be evicted if the landlord wins their hearing ...
  • Food Truck Owner Looks to Rent Parking Spot

    June 30, 2020 Hi I’m looking for landlords that may have some extra parking where I could park my food truck. Its a Chevy P30 which fits in a normal parking spot but is around 14′ tall. Looking to pay around $80/month and would be happy to serve tenants once the truck is up ...
  • Investment Property for Sale by Owner

    June 30, 2020 849 6th St, Verona , PA 15147 4Br/1 Ba, on nice lot in Stable up and coming neighborhood, Needs Upgrades but has good bones. Some work started. Owner relocating. Potential resale at $130k Asking $69,900.00 or better. Clean Contract Only: No Financing , As-Is, Inspections informational only. Contact Dan Korn: 410-340-5553 ( Owners ...
  • Cashflow Game – temporarily on hold

    June 21, 2020 The cash flow game has been on hold since covid hit.  We will bring it back as soon as we can find a place host.  For those of you who haven’t played before. The cash flow game is a sub group of Pittsburgh REIA, where our very own Kathryn Schimmel ...
  • Happy Father’s Day

    June 21, 2020 Happy Father’s Day to all of the dads out there and to all of the father figures who are investing in the lives of kids! In honor of Father’s day, I have an article with crime data that indicates the importance of fathers. https://www.unitedfamilies.org/child-development/fatherlessness-poverty-and-crime/
  • IN – Encouraging Legislature

    June 21, 2020 This is from Indiana and doesn’t apply to us, but it is nice to see a smart legislature at work. Municipal utilities will no longer be allowed to make landlords pay when tenants default on their bills June 18, 2020  |  By Isaac Gleitz TheStatehouseFile.com INDIANAPOLIS—A new law that lets landlords off the ...
  • Maximizing 1031 via Home Offices

    June 21, 2020 The shelter-in-place orders have had a significant impact on most of us, but one of the biggest changes for many people is that they are being asked to work from home. While most of us will go back to our regular workplace as quickly as society eases back to normal, ...
  • From NY – Sex for Rent? Millions of Tenants Face Eviction

    June 21, 2020 FROM NY – Another place I am glad that I don’t own any property Sex for Rent? Millions of Tenants Face Eviction By Headline Wealth – June 13, 2020 “He’s heard complaints from tenants who have been asked to exchange sex for rent…” (Associated Press) Jeremy Rooks works the evening shift at ...
  • Will the U.S. Face Another Foreclosure Crisis in 2020?

    June 21, 2020 Matt Faircloth A hot conversation topic in today’s real estate community is the potential emergence of the next foreclosure crisis due to COVID-19. Why? Because people are comparing the last housing crash that occurred in 2008-2009 to today’s situation. While the two periods share some similarities, like a high ...
  • Couple of Bank Repo Properties

    June 21, 2020 Our very own Jim Rauber sent us these ones. He has a connection with a banker, and these are bank repo properties.   If you are interested in these, make sure you mention Jim’s name.  So he keeps on getting these notices before the public !!! From what I can tell, these are ...
  • CA proposal – covid rent due 2034

    June 21, 2020 I don’t even know how to classify this first story.  It is super weird.  It is also terrible if you live in California (the state).  I can also say it is fantastic because I don’t live in CA and I don’t own anything in that cursed state.  ———- This is from the ...
  • New PPP Loan Info for Us

    June 9, 2020 Note- this just got signed into law, it is official !! hy Changes To PPP That Are About To Become Law Will Help Borrowers Obtain Loan Forgiveness Megan GormanSenior Contributor Personal Finance I write about achieving wealth and how it intersects with our lives. Paycheck Protection Plan or PPP loan borrowers are breathing ...
  • Extended Moratoriums

    June 9, 2020 JUDGE’s CHAMBERS COURT OF COMMON PLEAS OF BEAVER COUNTY THIRTY-SIXTH JUDICIAL DISTRICT OF PENNSYLVANIA TO:     Members of the Beaver County Bar Association    FROM:   Judge James Ross Dispossessions/ Evictions        DATE:   June 1, 2020    BEAVER, PENNSYLVANIA President Judge Mancini issued an Extended Administrative Order on May 6, ...
  • The Senate Just Passed a Big Rollback of Dodd-Frank

    June 9, 2020 The legislation prompted a fierce debate between the moderate and progressive wings of the Democratic Party. Late Wednesday night, the Senate passed the Economic Growth, Regulatory Relief, and Consumer Protection Act on a 67-to-31 vote. No Republican Senators voted against the legislation, and 16 Democrats and one Independent voted for it. The legislation would ...
  • 1031 Updates

    May 31, 2020 PANDEMIC 1031 EXTENSIONS The following information is based on a “plain language” reading of IRS Notice 2020-23.  It is important for you to discuss with your tax advisor how it applies to your specific situation. Do I qualify for COVID-19 extensions? If you are in a current exchange and either your original ...
  • SW PA is moving to GREEN

    May 31, 2020 Opening up to Green is a really good step, and it will help PA business survive. On a down note, nothing about the green phase sounds like we are going to have a real in person meeting anytime soon. My guess is August but things can change quickly. ————————— Pittsburgh, Western ...
  • A Sign that We are Slowly Returning to Normalcy

    May 28, 2020 I know I have my rose colored glasses on here but I am really looking forward to being able to meet in person again.  I think of all of the lock down stuff, I miss restaurants the most. I do a ton of meetings/ meet ups in restaurants. Sometimes with groups, ...
  • Rehabbing and Wholesaling Sub Group – THE LAST Zoom Meeting

    May 28, 2020 Rehabbing and Wholesaling Sub Group THE LAST Zoom Meeting This Saturday. Weekly Meeting. THE LAST ONE, FOR NOW!!! https://us02web.zoom.us/j/82015859235 In mid March I starting doing these weekly meetings on Saturday’s. The promise was that I would do them each week as long as this shutdown went on. Well, for the real estate industry ...
  • The meaning of Memorial Day

    May 25, 2020 In short, memorial day is a day set aside to remember the brave Americans who went off to war and didn’t come back.  The young men and women who gave up their lives so we could live in the greatest nation on Earth. Below is one of the greatest Memorial ...
  • Memorial Day weekend announcements

    May 24, 2020 There will be no Sunday creative finance meeting this weekend.  Memorial day is too important.  In the near future, we will test out an in person creative finance meeting at some local park.  It might even be the following Sunday if the weather cooperates. As much as I love doing zoom ...
  • Good news – PA is back in business

    May 24, 2020 It is official, as of last week (sorry for the delay) but PA has become the 50th state to realize that real estate is an essential business Governor Wolf Announces Real Estate Industry May Conduct Limited Business Transactions Statewide May 19, 2020 Governor Tom Wolf today announced that starting today, ...
  • Social Media Marketing Seminar Recording

    May 24, 2020 This is the recording that many of you have been asking for We had an amazing broadcast May 19th with a social media expert who helps real estate investors land killer off market deals running ads. Here’s what fellow members had to say live: “this is priceless” “I’m learning a ton ...
  • Payroll Protection Program loans & Loan Forgiveness Application

    May 17, 2020 On Friday, May 15th, the SBA issued the Loan Forgiveness Application that will be used by PPP borrowers to determine and report how much of their PPP loan will be forgiven. Most readers know that the Payroll Protection Program loans are extended based upon 2½ months of payroll, health insurance and ...
  • Saturday virtual rehab house tour time change

    May 15, 2020 This weeks zoom call has MOVED TIMES!! 9:30AM. Rehab Property Tour. A few months ago we did a tour of a project that had just started. It is a huge house in Coraopolis. Well after some issues and delays the house is done and selling in the next week or 2. ...
  • Special Topic for May 19th

    May 15, 2020 I am excited to announce a special topic for our May 19th event that you don’t want to miss… We’ve got the Inc 500 Award winning team on deck to show us how to use Social Media ads to land killer off market deals. You can register for the event here now: https://zoom.us/webinar/register/WN_BoeJN4bGS5mnzITTtRLs_w ...
  • State Deadlines Are Approaching

    May 15, 2020 The IRS and most states have moved their filing and payment deadlines to July 15, 2020. However, some states have deadlines that differ from the new IRS deadline. We are reaching out to remind you to check your state filing and payment deadline information. More Information on State Deadlines ...
  • Wall Street Bets Virus Meltdown Gives Landlords a Chance to Grow

    May 15, 2020 © Andy Jacobsohn for The Wall Street Journal Wall Street’s wager on high-earning suburban renters is paying off, and it is raising its stakes. Investors are flocking to America’s mega landlords, drawn by signs the companies that emerged from last decade’s foreclosure crisis owning huge pools of rental houses ...
  • Still a strong demand for rentals

    May 15, 2020 Rental executives say some recent move-ins chose to rent instead of buy given the economic uncertainty. Others have leased houses to get out of apartment buildings, given the contamination risks associated with close living. “You have this squeeze from both sides,” said Amherst’s Mr. Flahive. The executives say it is unclear ...
  • Raising Private Money Seminar Recording

    May 15, 2020 There is some really good stuff on here.  Imagine if you had all the money you ever needed to do your deal. I am about to raise some private money myself, this is really powerful.  We had Alan Cowgill do 90 minutes on the subject. Alan is the best private ...
  • Recording of ROI Muse deal evaluation software demo

    May 12, 2020 Here is the pricing details and coupon code. Our meeting recording is also included. ROI-Muse Total Access Package (Commercial and Residential) Subscription: Yearly Regular Price: $360/year Pittsburgh REIA Price: $147/year (only $12.25 per month) Discount: 59% Coupon Code: JOSHC147 Direct Sign up Link Demo Recording Link Regards, Joseph James President ...
  • Commercial Subgroup Meeting – May 12th

    May 11, 2020 Commercial group meeting tomorrow The Pittsburgh REIA Commercial Group will meet on Tuesday, May 12th starting at 6:30PM. The video link and dial in number are listed below. We will continue talking about how recent events are affecting our real estate investments and all of our direct and indirect businesses. ...
  • Happy Mother’s Day – Let’s take the day off and relax

    May 10, 2020 Happy Mother’s Day to all of the mothers out there.  I wish you nothing but the best on your one day off this year. Today is a day to relax and enjoy your family, not a day to work. So do your best to kick back and let other people cater ...
  • Deal & Property Analysis Software Demo – Tonight

    May 8, 2020 When: Tonight @ 7 PM (May 8, 2020) What: software demo by ROI Muse Where: online webinar (click to register) Who: ROI Muse is a software company that created a deal and property analysis program to help new investors evaluate the profit potential of rentals, flips, and commercial real estate    see you ...
  • Last day to get the discount of on the Iannotti Creative Finance Course

    May 8, 2020 Pittsburgh Investors, First, we hope you are well and healthy and soon you will be able to move around again. We do have to tell you our Lifetime Members are still making money (BIG Money) during this pandemic. Our CATS system is being utilized by us (In W. PA) and others around the country daily. Today is the ...
  • Evictions suspended till July 10

    May 8, 2020 Governor Tom Wolf was joined by Attorney General Josh Shapiro today to announce that he signed an executive order that protects Pennsylvanians from foreclosures or evictions through July 10. The action builds on a Pennsylvania Supreme Court order which closed court eviction proceedings until May 11 and ensures no renter or ...
  • Investor websites made for you with all the bells and whistles

    May 8, 2020 I am very excited to announce our newest Pittsburgh REIA benefit.  These guys do it all so you don’t have to try and do a half assed job, or pay someone who has no idea what they are doing. These guys are real estate people who happened to create a web ...
  • Creative Finance Webinar Recording (Iannottis)

    May 6, 2020 Creative finance webinar recording for you Again, we had more people who wanted to be on the webinar than the speakers system could handle. For the creative finance webinar, we could only handle 100 and we had 155 signed up.  Here is a link to anyone who wants to watch the ...
  • Coming down the pike

    May 6, 2020 A quick look at what we have coming down the pike I also have a company that can do a “done for you” internet marketing campaign” for sellers, renters, and private money Lastly, I am trying to set up a deal with a company that will build websites for anyone who wants one. Feel free to ...
  • Recording of Saturday’s flipping houses with Chuck and Gina Biter

    May 5, 2020 We had a full house Saturday and more people who wanted to be on the call.  This is great for a couple of reasons. First, a lot of you are using this time to your advantage and learning as much about how we are going to make money after the lock down ...
  • Bit of Humor

    May 5, 2020 A large group of ISIS fighters in Iraq are moving down a road, when they hear the voice of an American from behind a sand dune, “Hey you scumbags! One Marine is better than ten wimpy ISIS fighters!” The ISIS commander quickly orders 10 of his best men over to the ...
  • Landlord Toolkit – from The Housing Alliance of Pennsylvania

    May 5, 2020 The Housing Alliance of Pennsylvania has released a Landlord Toolkit to provide a framework of tools and resources for small- and large-scale landlords as they face rental income losses and general uncertainty. The toolkit offers a solutions-focused approach of strategies that can be implemented immediately to manage the situation and buy ...
  • Help for Renovation Projects

    April 30, 2020 Shannon Staley and Sons were able to help serve several REIA members just this month. As a quick reminder, Steve Daniele own Shannon Staley and Sons Construction, a 52 employee (not subcontractors) construction service provider to residential, commercial, and industrial clients.  Dave Caruso brought us back to REIA last year and ...
  • Two ways to view the news

    April 30, 2020 There are two ways to view the news lately. I tend to look at them and find the silver lining. For every person in trouble, about to be a motivated seller, there is a buyer who is about to get a great deal.  The news stories of economic collapse only tell part ...
  • Landlord Supplies for sale

    April 30, 2020 Lots of PPG paint cans – discounted $2 each Commercial paint sprayer $400 misc tools, power mowers, etc Key machines – to make your own keys Lots of locks, various types including commercial used appliance blind cutting machine steam boilers and parts used appliances office furniture and cabinets All in Oakland If ...
  • ‘A Bargain With the Devil’—Bill Comes Due for Overextended Airbnb Hosts

    April 30, 2020 I thought this article was interesting for two reasons.  First it illustrates how badly some people in this market segment are hurting. As real estate investors, we have been trained to have more than one exit strategy, and anyone who has been a PittsburghREIA member for long would know not ...
  • Survey: only half of Americans are confident they can pay full rent in May

    April 30, 2020 I know when you read this headline it sounds like we are all facing doom. I am a glass half full kind of guy and I have a strong belief that you can think your way out of any crisis. What if we could turn this chaos into an advantage? On one ...
  • Online Private Money Seminar – May 5th

    April 30, 2020 Alan is the best educator in the nation on raising private money.  He covers all of the important bit that will keep you from getting into trouble with the law. You might want to print this out and put it on your refrigerator Raising Private Money ...
  • Unprecedented Time – Great Education Opportunities

    April 30, 2020 This is a really weird time.  It is quite literally unprecedented. At times, I am super excited about the future of everyone on this email list. I am also worried about whole herds of my friends and neighbors.  I am spending much of my lock down time, trying to find new ways ...
  • Accessing Information is Getting Easier

    April 30, 2020 Lastly, anyone who goes to the PittsburghREIA.com website will notice that we are making some changes to the site. We are bringing in more functionality with the goal of making it easier for you all to access information.  In the not too distant future, you will notice cosmetic changes to our emails, and ...
  • What could you do if you had someone else doing your marketing for you?

    April 30, 2020 I am really excited about this one. What if they could find you motivated sellers, probate leads, pre foreclosure, and private lenders.  All in a done for you format.  Would that be pretty exciting?  I hope so, because that is what the main speaker at our May 19th webinar/meeting will be talking ...
  • A message from the Loan Ranger (loans)

    April 30, 2020 I have been trying to get a feel for how various lenders are doing during the lock down. I got this email from our very own Ron Manges of First National Bank.  It sounds like they are ready to lend. Hello Josh.  Thank you for the recent phone call, and ...
  • Big Announcement from the Rehabbing & Wholesaling sub group for this Saturday

    April 28, 2020 This Saturday (5/2) please join us at 10AM. We have a very special guest lined up. Joining us will be Chuck Biter and his wife Gina. Chuck and Gina are investors from Tennessee. Chuck is also a general contractor. Why are they joining us you may ask…. well they both also work very ...
  • Book Suggestion

    April 27, 2020 Lastly, I am really enjoying sending out book suggestions. If you are interested in the legal aspects of real estate, there is a company called NOLO.  That make very good books on a variety of topics. I just ordered their book on foreclosure so I can brush up on foreclosure laws in all 50 states.  Here is a link to ...
  • REIA Member looking to raise $ to buy a property

    April 27, 2020 I have a request from a REIA member who is looking to raise some money to buy a property. Email me directly if you are interested in learning more about this loan opportunity and I will connect you  –  PittsburghREIA@aol.com “josh, I’m about to close a deal, but my funding fell through, because COVID too spooky.  I need $15k ...
  • Upcoming class on Creative Finance

    April 27, 2020 Our next creative finance teachers will be Jon and Stephanie Iannotti They will be going into the nitty gritty of negotiating, deal structure, and exotic techniques like wrap around mortgages. This one will be on the April 30th at 7pm.   Register Here
  • Yesterday’s webinar on Notes

    April 27, 2020 Yesterday was a really good webinar on notes.  I am working on getting the recording of that seminar.  I am not sure how successful that endeavor will be. National speakers tend to be sort of prickly about recording their events.  Wish me luck.  This is really powerful stuff. I would guess that less than 1% of all the real estate ...
  • A little perspective – It could be a lot worse

    April 23, 2020 One of the most valuable things I learned from my time as a US Marine and working at the Department of Homeland Security was that no matter how bad things were, if you could think of something worse, you could be thankful that you weren’t in that worse situation. A ...
  • It looks like 25% of the population is in financial trouble already

    April 16, 2020 I recently ran across two articles from different perspectives, but both hitting the same number, 25%. My belief is that this number will grow the longer we are locked down. I have no idea when we should open up but I do know that real estate is about to change. Desperate ...
  • PA Legislation

    April 16, 2020 PA Governor Wolfe is apparently discussing opening up the state with the Gov’s from NY, NY, CT, RI, and Delaware. Hopefully someone will mention that Western and Central PA are in a lot better shape than Eastern PA. ——————————————————————————————- PA legislation The General Assembly of the Commonwealth of Pennsylvania hereby ...
  • Senior Housing Trends That Impact Real Estate Investors

    April 16, 2020 Senior Housing Trends That Impact Real Estate Investors Holly Welles If you’re a real estate investor, the ultimate goal is getting the most bang for your buck. The older population continues to grow across the U.S., and this generational shift creates new revenue streams to explore. What trends dominate senior housing? ...
  • New 1031 exchange rules

    April 16, 2020 If you are in the middle of a 1031 Exchange, here is some good news in the midst of these crazy times: the IRS has issued guidance (Notice 2020-23) providing time-constraint relief for Section 1031 Like-Kind Exchanges. Under this deadline extension language, it appears that any 45-day or 180-day deadline ...
  • When is your stimulus check coming? How much will you get?

    April 16, 2020 Your stimulus check might be coming sooner than you think To combat the coronavirus pandemic’s harsh effect on the U.S. economy, including the nearly 17 million people who filed for unemployment benefits over the last three weeks, the Trump administration and congressional leaders rolled out a $2 trillion economic recovery ...
  • VerticalRent is ceasing operations

    April 16, 2020 It is with great regret that I inform you all that the management team of VerticalRent has decided to cease operations effective May 31st, 2020. This was not an easy decision to make. In the last 6 months, we have invested a tremendous amount of time and energy into countless ...
  • Residual Income Opportunity

    April 16, 2020 I just wanted to share that we are exploding right now with everyone that does not have residual income, realizing that they NEED residual income. Here’s a message that you can share with the group. If your Real Estate business and personal income is negatively impacted by COVID-19, I’m sure ...
  • More Pittsburgh REIA Vendors – OPEN

    April 16, 2020 I got word from some more vendors who can help us do business Attorney Ryan Bonner is up and working Just a heads up, I am able to conduct closings and record documents in all counties around here. If anyone needs a closing attorney/agency, I can accommodate. Thanks, Josh. Ryan K. ...
  • Pittsburgh real estate market in the news

    April 16, 2020 Pittsburgh real estate market in the news https://www.post-gazette.com/business/development/2020/04/09/Real-estate-flippers-sink-or-swim-in-uncharted-waters-during-pandemic/stories/202004060036?fbclid=IwAR2ZkLN6dYmbUvNCUHZranuTbAXrXpeLvoV9As9Qjkci_AOQYCsHlYjsQp8
  • Some Pittsburgh REIA Vendors – OPEN

    April 16, 2020 I reached out to a few of our vendor members. The lawyers seem to be functioning normally for the most part. They can do some legal work for you but they cant file anything. Closing companies seem to be sort of functioning but they cant record anything. Some ...
  • HUD Announces Extra Relief for Borrowers With FHA-Insured Mortgages

    April 16, 2020 April 3, 2020 The Department of Housing and Urban Development announced Thursday the Federal Housing Administration will offer a tailored set of mortgage relief options to those with FHA-insured mortgages who are being affected by the COVID-19 pandemic and who are unable to make their payments. Mortgage servicers may ...
  • Local Job Opening

    April 16, 2020 As much as I hate jobs, you do need one until your real estate investments can cover your monthly expenses. I just tripped across a local job that would be great for a real estate investor. The Pittsburgh Water and Sewer Authority – Pittsburgh, PA 15222 $25.93 – $28.86 an hour ...
  • Transactional Funding

    April 16, 2020 Transactional Funding by Tod Snodgrass Seasoned and experienced real estate wholesalers know how to find deep discount properties and put them under contract, but sometimes lack the 100% cash needed to successfully pull it off. To answer this dilemma, historically, wholesalers assigned (sold) the contract, during the escrow contingency period ...
  • Housing Alliance wants to know how COVID-19 is impacting Landlords

    April 16, 2020 The Housing Alliance seeks information from landlords on the impact they are experiencing from COVID-19. Please use this 5 minute survey to share with us your challenges as well as the steps that you have taken or will be taking to work with tenants to address difficulty in paying rent. ...
  • A cleaning tip from the folks as OdorXit.

    April 16, 2020 Under normal circumstances I can get this product for you, but times are not normal. You can still buy direct from the company. People keep asking – what is Chlorine Dioxide (ClO2)?!?! And how does it work!?!? We don’t know about you, but hearing a company tell us about their ...
  • New York Legislators Introduce Bill To Cancel Rent for 90 Days for Workers Affected By Coronavirus Closures

    April 16, 2020 Let’s hope this stupidity doesn’t spread to PA New York Legislators Introduce Bill To Cancel Rent for 90 Days for Workers Affected By Coronavirus Closures Sen. Mike Gianaris (D–Queens) argues eviction moratoriums don’t go far enough to protect renters who’ve been put out of a job because of the virus. (Erik ...
  • A Look at How the Corona Virus Upset the Mortgage Industry

    April 16, 2020 For those of you that have followed my journey for a while, including the times when these emails were under the umbrella of Trinity National Holdings, you know I like to write these in my own words. Only once before, that I recall, was an entire column not originally crafted. ...
  • How To Handle Rental Maintenance During COVID-19

    April 16, 2020 How To Handle Rental Maintenance During COVID-19 BY BY THE EDITORS ON MARCH 27, 2020 MANAGEMENT & MAINTENANCE How to handle rental maintenance, along with personal protective wear and equipment, was covered by Paul Rhodes, National Safety and Maintenance Instructor at the National Apartment Association Education Institute, during a ...
  • Great stuff RE government stimulus plan

    April 16, 2020 Individuals Small Business Benefits How To Qualify Timing / Delivery Stimulus Support X “$2,400 Check to Married Couples, $1,200 Check to Single Couples, $500 Per Child” “ If Married, Have $150,000 or less of income on 1040 If Single, Have $75,000 or less of income on 1040 Credit is Reduced 5% ...
  • Another version of a tenant letter (COVID-19)

    April 16, 2020 I believe that we can get in front of the problem and save ourselves a lot of pain, just be engaging the tenants and communicating with them BEFORE there is a problem. I hope this helps. This version of the tenant letter came from a REIA member. I have ...
  • Talking to your tenants (COVID-19)

    April 16, 2020 I know a LOT of you are worried about your tenants not paying rent. This seems like a pretty legitimate concern. A number of tenants wont have any income during the lockdown, or they might not have as much as they expected. This isn’t their fault, but it ...
  • Useful Sites with Virus Updates

    April 16, 2020 Starting off, if you want to track the virus progress, this site is amazing. https://www.worldometers.info/coronavirus/ You can make yourself crazy looking at granular data down to the state level. You can track the infected numbers, the recovered numbers, and even the newest deaths you want to. ————————————————————————————- This ...
  • Some local news that might affect a community

    April 16, 2020 U.S. Steel delays 1.5 billion dollar investment in Mon Valley facility idling it in response to the Corona virus. This was going to be a big deal for the Mon Valley, hopefully it will get back on track after the lockdown.
  • Short-term Private Loan Request

    April 16, 2020 I have just signed a contract for one of my flips turned custom remodel. Bonus points for securing a sale during a pandemic?? She’s an attorney and sale date is May 31st, 2020 (or earlier – upon completion). When I originally borrowed for this project ($215k hard money lender has ...
  • Nutritional Tips from the Experts on Maintaining a Healthy Immune System

    April 16, 2020 These guidelines were developed in collaboration with the United States Olympic & Paralympic Committee’s Team V Sport Performance Nutritionists and USA Wrestling’s sponsors recognized below. Match energy intake to expenditure Maintain hydration levels, between 96 and 128 oz per day Avoid crash dieting Eat a well-balanced diet with foods rich in ...
  • Help with SBA Loan Applications

    April 16, 2020 Any businesses that are cash-strapped and could use some help during this very unusual time, I have some time available and can assist any company with their SBA loan applications or if they need other consulting assistance (cash flow projections/debt repayment options), I can do that as well. We ...
  • House For Sale – Morningside

    April 16, 2020 33% cash on cash -3-unit apartment 40k underpriced- “MORNINGSIDE” Pittsburgh Pennsylvania. With a purchase price of $266,000, you will be purchasing this property for $40,000 under market value. Three unit apartment building is a class C property located in a class B neighborhood on the east side of Pittsburgh in the Morningside ...
  • Section 8 Inspections with a Twist

    April 16, 2020 Section 8 inspections are still going on but with a twist. They now have the landlord filling out a self inspection form. See below I was suppose to meet with the Section 8 representative tomorrow however the Covid-19 Pandemic has changed the way they check the apartments. No ...
  • Shannon Staley and Sons Construction -OPEN

    April 16, 2020 Shannon Staley and Sons Construction is a 52 employee (not subcontractors) construction service provider to residential, commercial, and industrial clients. Because we choose to employ our labor, as opposed to subbing it out, our two primary deliverables are labor reliability and speed. Our labor goes where they are told to ...
  • Surviving Lockdown

    April 16, 2020 First…Set a schedule every day: and focus on this one word: The word is EXERCISE: Exercise your body: Get up and get moving. It helps your immune system and keeps the positive endorphins flowing in your brain to keep you from getting depressed: take a walk, get some fresh ...
  • How to survive a cash flow reversal

    April 16, 2020 Before I get into a diatribe about cash flow reversal, I need to define what cash flow is. Cash flow is the cash that flows to your bank account every month from your rental income, after your expenses are paid. Cash flow is the safest metric to use when choosing an ...
  • Global Derivatives: $1.5 Quadrillion Time Bomb

    April 16, 2020 Global Derivatives: $1.5 Quadrillion Time Bomb By Stephen Lendman Global Research, August 24, 2015 Theme: Global Economy When investing becomes gambling, bad endings follow. The next credit crunch could make 2008-09 look mild by comparison. Bank of International Settlements(BIS) data show around $700 trillion in global derivatives. Along with credit default ...
  • All evictions are halted in PA

    April 16, 2020 This current order is only for 2 weeks, and it mentions evicting people from their house, but unless I am missing something it doesn’t protect landlords from having their rental houses taken, you just cant kick the tenant or other occupant out. Hopefully this is just a blip and over ...
  • IRS info RE 1031 exchanges from IPX

    April 16, 2020 During this period of volatility in the financial markets we have been receiving inquiries regarding the safety of the funds that we holding on behalf of our Exchange customers. A major role of a Qualified Intermediary is to safeguard taxpayer funds during a 1031 Exchange. Since Qualified Intermediaries are not regulated ...
  • IRS Payment Relief (COVID-19 )

    April 16, 2020 The Treasury Department and the Internal Revenue Service are providing special payment relief to individuals and businesses in response to the COVID-19 Outbreak. The filing deadline for tax returns remains April 15, 2020. The IRS urges taxpayers who are owed a refund to file as quickly as possible. For those ...
  • PA House Bill (re: Transfer Tax)

    April 16, 2020 Legislation that could be good news for some of us IF my reading of this bill is correct, it would let owners transfer property from their personal names to an entity name WITHOUT having to pay transfer tax. It is in committee at the moment but I can’t imagine a ...

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