Here are several issues we have had recently with water bills after a closing. This could help you avoid big problems on your next closing.

The first issue and the biggest problem we have had this year have been from purchases from Fannie Mae. We purchased a property from Fannie Mae and they signed an affidavit that they would take care of a $3,500 water bill on a property that they were selling us. Please note that if this happens to you, don’t close until Fannie Mae escrows the money for anything owed on the property. We as well as our settlement company leaned a lesson on this closing since it has been 6 months and they have not paid a $3,500 water bill. Now Pittsburgh Water is threatening to terminate service to a property that we have rented. I know that we will soon have this worked out but it has been a huge hassle.

Another issue we have had on numerous properties is that Pittsburgh Water and Sewage has been transferring the water service into our name when the lien letter is ordered prior to us purchasing the property. We have gotten bills on different properties before we ever owned them – and on properties that had title issues and never closed. The water authority is not supposed to change the service until they get a copy of the deed but this is not happening. When the lien letter is ordered, the closing date is put on the lien letter request and the water authority seems to be transferring the water service as of this date. Deals fall apart due to title issues and closings get delayed all the time for many different reasons and the buyers are getting billed for services they did not use. We suggest letting the water company know if (I know it sucks calling them and sitting on hold for 30 minutes) a closing gets delayed or if you terminate an agreement after title has been ordered to avoid going through this hassle.

Sorry but someone else snagged this deal before we had a chance to get it posted in the properties for sale page on the site. Call our office to be notified in the event this property does not close.

We have a new deal coming in Lawrenceville with an after repair value from $150,000 to $175,000 depending on your finishes.

We estimated around a 45,000 rehab on this one if you are paying a contractor to do the work. A great opportunity to make a huge profit on this flip.

It already has a newer roof, windows and furnace!

It will be priced at $42,900

We have a property coming up in Carrick that will be priced under 10k. Call us asap if you have an interest in a fixer upper in this area.

Do you know of someone looking for a great home? Check out our latest renovation. Bring us a buyer and we will pay you a generous finders fee!

Sale Pending. Contact our office to be notified in the event this property does not close.

7124 Whipple Street, Swissvale, Pa 15218

$149,900 Read More→

2 bedroom, 1 bath
1 bedroom captive
needs flooring paint,
windows are older
kitchen is older
bathroom needs new toilet and shower kit
furnace is ok
roof is newer (about 2 years)
electric is ok
1 of the chimney is pulling away, will be partially leveled down a few course prior to close – This chimney is not needed and is not in service.

We will be pricing at 14,900, but will discount for a fast sale!

This property has 4 bedrooms, newer maple kitchen, new high efficiency furnace, plaster walls in great shape, second floor laundry room.

Should rent for $700 to $750 per month

Price will only be $14,900 or less.

If you want a first shot at this property, give us a call right away before we start our marketing.

Sale Pending. Please contact our office to be notified in the event this property does not close.

209 Wall Avenue, Wall, Pa 15148

• Updated electric in each unit with a 4th house meter for the common areas
• 3 separate newer furnaces
• New roof
• New kitchens and baths
• Fire escape for second and 3rd floors
• Most of the windows are new
• Projected rent is $1,350 per month
• Give us a call for a first shot at this property before we start our marketing! Read More→

We have not had time to update the website much over the last few weeks since we have been busy picking up a bunch of new deals. Here is a quick look at what we have coming up. Give us a call if you want more info on any of these.

We have a 6 bedroom house in Crafton coming up and it has the potential to make you at least $30,000. You will have to move fast! Call us for a first shot.

These properties are already rented and bringing in $6,000 per month! Give us a call for a first chance at buying this great deal.

This is an above an below duplex that will generate $950 per month in income. It has newer furnaces, newer electric, and a newer roof. We are planning to make this a turn-key investment by having all of the work completed but you can also buy it now before we start for a huge discount. Give us a call for photos or to schedule a tour.

Effective February 1st 2010, FHA/ HUD will not require that a seller of a property be on title for 90 days or more in order to sell the property to a borrower acquiring FHA financing.  You can view it yourself here:

http://www.hud.gov/offices/hsg/sfh/waivpropflip2010.pdf

What a great start to the new year! Get ready…. deals are coming your way.

This 2 bedroom house has been rented to the same tenant for 10 years. It’s cheap and it’s in Oakmont. Give us a call for a first shot.

Here are details on the extension and expansion of the U.S. tax credit for home buyers signed into law on November 6, 2009 by President Obama: Read More→

2 new rehab projects coming up with profit potential of $30,000 each. Give us a call for a first shot at these deals.

239 Miller Street, Turtle Creek, PA 15145

Check it out here

3 bedrooms, 1 1/2 baths, new furnace, new hot water tank, electric and plumbing are fine, only very minor cosmetics needed, estimated market rent should be between $575 and $625, Call us before this one is gone!