Need a REALTOR® for your
Pittsburgh investment property?
OutofTownLandLord connects you with the Pittsburgh area’s very best property investment specialists. A licensed, experienced, dedicated REALTOR® who will deliver stunning results and stellar service. Learn about the REALTOR® and the Pittsburgh market below.
Cindy Rack, REALTOR®
Greater Pittsburgh Area Investment Specialist
Counties: Allegheny, Washington, Westmoreland, Beaver, Butler
Cities and Towns: Pittsburgh, Wexford, Cranberry, Mt. Lebanon, South Hills of Pittsburgh, Canonsburg, South Fayette, Washington, Carnegie, Robinson
Licensed Since: 2009
Company: Keller Williams Realty
About Cindy RackI started investing in 2006 after losing a large amount of our 401K after 911...looking for ways to get our retirement back. I came across Robert Kiosaki's book "The Prophecy" and felt he wrote that book for me. Read it in one night, signed up for an investing class the next day. I have not turned back since. I have flipped a number of homes that needed major rehab and have made between $20K-$45K per rehab. My contractor are top notch. I make sure they pay attention to detail! Currently I own 3 single family homes, 2 duplexes, a fourplex and a triplex. All needed some rehab, but most not a tremendous amount. I have used the BRRRR method on the latest ones and Bigger pockets told me about the BARRRR method which saved me $20K in taxes last year. I cashflow between $250-$350 per unit on my rentals. I'm very picky about my rehabs and rentals and I do the same for my clients. So, I might not find volumes of properties, but the ones I find will cashflow. I've had my license for 10 years. I don't compete with my clients for properties. If there is a property that we both are interested in, I refer them out to another realtor. It doesn't happen often. Pittsburgh is great place to invest!
About the Pittsburgh Market
The City of Pittsburgh has been voted “The Most Livable City in America” by multiple sources over recent years. We were highly successful reinventing ourselves from the “Steel City” to a High Tech and Healthcare hub. The city limits has had an increase of 40% in population since 2002 with many of them being young, thanks to high tech companies like Google making Pittsburgh their home. Downtown Pittsburgh has turned into a little NYC with apartments and condo’s popping up all over the place. Old ethnic neighborhoods that were once run down are now thriving communities. Bike lanes are common place. This city has completely reinvented itself. We boast some of the Best Colleges including Carnegie MellonUniversity which is 2nd in private colleges in the country of new tech start-up companies, University of Pittsburgh and Duquense University to name a few. UPMC Medical Center and Allegheny Health Network perform some of the most intricate surgeries and transplants in the world. The cost of housing and general cost of living in Pittsburgh is some of the lowest in the country. Sports Teams like Steelers Football, Pirate Baseball, Penguin Hockey and Riverhound Soccer are consistently at the top of their game. (Not to mention some of the best college rivalries.) We are one of the most Philanthropic Cities in the Country giving Million’s yearly to charitable causes. The “Pittsburgh Promise” non-profit provides up to $40K in scholarship money to students living within the city limits. The Pittsburgh Cultural District attracts On Broadway and Off Broadway shows, Opera, Ballet and the Pittsburgh Symphony which is world re-known. Pittsburgh is voted “The Next Big Food Town” by Bon Appetit Magazine. Washington Post says “The Little ‘burg Catching Food Critics by Surprise.” Zagat just voted us the #1 Foodie City in the Country for 2015.
INVESTMENT PRICE POINTS IN the Pittsburgh Market
The entry level price point for properties is around $50K-$100K. You can get a decent home with some rehab in an average neighborhood. Mid range is $150K-$200K. It gets a little harder to cashflow at those price points.
Free Report: Demographic and Housing Data on the Pittsburgh Market
Would you like free demographic and housing data on the Pittsburgh market? The report includes information on schools, income, employment, crime, average sale prices, fair market rents and more. You can get reports on the whole market or zero in on a specific zip code.
This report has all the info you need to help you decide if the Pittsburgh market is right for you! Click here to get your free report.