Pennpioneer.com » Real Estate Articles http://pennpioneer.com Thu, 22 Jul 2010 19:58:36 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Beware of water bill issues when purchasing properties in the city of Pittsburgh or from Fannie Mae http://pennpioneer.com/real-estate-articles/beware-of-water-bill-issues-when-purchasing-properties-in-the-city-of-pittsburgh-or-from-fannie-mae/ http://pennpioneer.com/real-estate-articles/beware-of-water-bill-issues-when-purchasing-properties-in-the-city-of-pittsburgh-or-from-fannie-mae/#comments Fri, 16 Jul 2010 19:30:18 +0000 Penn Pioneer http://pennpioneer.com/?p=1777 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.

]]> http://pennpioneer.com/real-estate-articles/beware-of-water-bill-issues-when-purchasing-properties-in-the-city-of-pittsburgh-or-from-fannie-mae/feed/ 0 New deal coming in Lawrenceville with an ARV over $150,000! http://pennpioneer.com/real-estate-articles/new-deal-coming-in-lawrenceville-with-an-arv-over-150000/ http://pennpioneer.com/real-estate-articles/new-deal-coming-in-lawrenceville-with-an-arv-over-150000/#comments Sat, 10 Jul 2010 19:59:51 +0000 Penn Pioneer http://pennpioneer.com/?p=1756 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

]]> http://pennpioneer.com/real-estate-articles/new-deal-coming-in-lawrenceville-with-an-arv-over-150000/feed/ 0 New deal coming in Carrick! http://pennpioneer.com/real-estate-articles/new-deal-coming-in-carrick/ http://pennpioneer.com/real-estate-articles/new-deal-coming-in-carrick/#comments Thu, 17 Jun 2010 12:01:00 +0000 Penn Pioneer http://pennpioneer.com/?p=1699 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.

]]> http://pennpioneer.com/real-estate-articles/new-deal-coming-in-carrick/feed/ 0 Stunning Renovation in the Swisshelm Park area http://pennpioneer.com/real-estate-articles/stunning-renovation-in-the-swisshelm-park-area/ http://pennpioneer.com/real-estate-articles/stunning-renovation-in-the-swisshelm-park-area/#comments Mon, 14 Jun 2010 19:37:45 +0000 Penn Pioneer http://pennpioneer.com/?p=1679 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! 7124 Whipple01

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

7124 Whipple Street, Swissvale, Pa 15218

$149,900

  • 3 bedrooms and 1 1/2 baths
  • New custom kitchen with cherry cabinetry, granite counters, under-mount stainless sink, brand new stainless steel appliances, under mount cabinet lighting, recessed ceiling lighting, ceramic tile floor flooring
  • New hardwood flooring in entry, living room and dining room
  • Decorative oak fireplace with granite hearth and insert
  • Living room has new recessed lighting
  • Freshly painted inside and out
  • New windows
  • New brushed nickel light fixtures throughout
  • New 6 panel  interior doors
  • New ceramic bath with walk in shower, jacuzzi tub and all new fixtures
  • New roof with 30 year dimensional shingles
  • 2 car detached garage
  • New 200 amp  electric service with a new 100 amp service to garage
  • New versa lock front wall
  • New canvas awnings installed on front porch

Interior photos

Exterior photos

]]> http://pennpioneer.com/real-estate-articles/stunning-renovation-in-the-swisshelm-park-area/feed/ 0 New deal coming in Greenfield. This is a cheap one and it is close to Oakland – will make a great student rental! http://pennpioneer.com/real-estate-articles/new-deal-coming-in-greenfield-this-is-a-cheap-one-and-it-is-close-to-oakland-will-make-a-great-student-rental/ http://pennpioneer.com/real-estate-articles/new-deal-coming-in-greenfield-this-is-a-cheap-one-and-it-is-close-to-oakland-will-make-a-great-student-rental/#comments Sat, 12 Jun 2010 12:02:20 +0000 Penn Pioneer http://pennpioneer.com/?p=1654 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!

]]> http://pennpioneer.com/real-estate-articles/new-deal-coming-in-greenfield-this-is-a-cheap-one-and-it-is-close-to-oakland-will-make-a-great-student-rental/feed/ 0 New Deal coming in Turtle Creek! http://pennpioneer.com/real-estate-articles/new-deal-coming-in-turtle-creek/ http://pennpioneer.com/real-estate-articles/new-deal-coming-in-turtle-creek/#comments Tue, 08 Jun 2010 11:59:38 +0000 Penn Pioneer http://pennpioneer.com/?p=1648 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.

]]> http://pennpioneer.com/real-estate-articles/new-deal-coming-in-turtle-creek/feed/ 0 Duplex in Wall with owner financing. No bank qualifying! $17,900 http://pennpioneer.com/real-estate-articles/duplex-in-wall-with-owner-financing-no-bank-qualifying-17900/ http://pennpioneer.com/real-estate-articles/duplex-in-wall-with-owner-financing-no-bank-qualifying-17900/#comments Mon, 17 May 2010 13:29:37 +0000 Penn Pioneer http://pennpioneer.com/?p=1624 Sale Pending. Please contact our office to be notified in the event this property does not close.

209 Wall Avenue, Wall, Pa 15148

Purchase Price – $17,900
DownPay – $2,900 down
Monthly – $334
Term – 5 years
All cash price – $13,900
Estimated total monthly rent – $825
Estimated repair costs – $4,000
Photos coming soon!
]]> http://pennpioneer.com/real-estate-articles/duplex-in-wall-with-owner-financing-no-bank-qualifying-17900/feed/ 0 New Property coming soon on the North Side. 3 units in great shape with separate utilities. $49,900 http://pennpioneer.com/real-estate-articles/new-property-coming-soon-on-the-north-side-3-units-in-great-shape-with-separate-utilities-49900/ http://pennpioneer.com/real-estate-articles/new-property-coming-soon-on-the-north-side-3-units-in-great-shape-with-separate-utilities-49900/#comments Mon, 12 Apr 2010 19:53:04 +0000 Penn Pioneer http://pennpioneer.com/?p=1558
  • 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!

    • ]]>     http://pennpioneer.com/real-estate-articles/new-property-coming-soon-on-the-north-side-3-units-in-great-shape-with-separate-utilities-49900/feed/ 0     Lots of new deals coming soon! http://pennpioneer.com/real-estate-articles/lots-of-new-deals-coming-soon/ http://pennpioneer.com/real-estate-articles/lots-of-new-deals-coming-soon/#comments Tue, 09 Mar 2010 22:01:11 +0000 Penn Pioneer http://pennpioneer.com/?p=1468 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.

    Steuben Street, Elliot – This property is a 3 bedroom (has a 4th br but is captive), one bath, 2 1/2 story aluminum sided house. It has a new 200 amp electric service, new kitchen cabinets and an updated bath. It has a fenced rear yard and off street parking. This property needs about 4k in work and should rent for $750 per month. Price is $16,900. If you can close in the next week, it’s yours for $15k.  If we don’t sell this right away, you may see this marketed for more in the near future as we plan on doing the work, getting it rented and selling in the mid to upper 20’s.
    10 Property package deal - This deal has 14 units total and only 2 apartments are vacant and need minimal work. This properties will bring in over $6,000 per month and will be priced at $199,000
    Brighton Heights rental – This property is having new carpet and new flooring installed in the kitchen and front and rear entry today. It is a 2 bedroom, 2 bath with updated wiring, furnace and kitchen. This property will be completely 100% turn – key. We have about 10 prospective tenants lined up to view it this weekend and will be rented for $640 per month. Price will be $23,900. This is a great property to add to your portfolio.
    Crafton Flip Opportunity – If done according to our plan, an investor could make a minimum $30,000 profit on this deal. This is an all brick 6 bedroom house that has a lot of character. Purchase price is $46,900. This is one that you will need to move quickly on.
    Stowe Township – This is perfect great for the investor looking for a cheap deal. This house is a 3 bedroom (could be 5 bedrooms) and has 2 full baths. It has a newer furnace, central air and is all brick. It will need about 5k in work and will be priced at $9,900. If you call us this week and can close quick, we will cut you a sweet deal. We are also working on getting the property next door so there is a great opportunity to own 2 houses side by side. Each property should rent for at least $700 per month.
    North Braddock – East Pittsburgh – This is two properties on one lot that have 3 units in total. These properties have just been renovated, approved for occupancy by the borough and all have been rented. The rents will are $1,350 per month and the tenants pay their own gas and electric. Price is $54,900. Imagine what you could do with $800 of monthly positive cash flow.
    Hazelwood – This property is a 3 bedroom brick house with newer windows. It will need a furnace, plumbing, electric service, paint and carpet. Price is $6,900
    McKeesport – Owner Financing – 2 bedrooms, only needs paint and carpet, all utilities are functioning, has a newer furnace. $2,900 down and your payment of $289 monthly will pay this off in 5 years. No Bank Qualifying. This house should rent for$500 to $550 per month.
    Stanton Heights Flip Opportunity -  This property will need a fairly big rehab but there is room to potentially make $40,000 in profit. We are working through some title issues on this one but should be ready to sell in the next 2 weeks.
    Sheraden duplex – This property is a vinyl sided above and below duplex with off street parking and really only needs some very minor cosmetics. It already has a newer roof, updated furnaces, newer electric and the kitchens and baths are in good shape. The price is only good for this week for $23,900. If it does not sell right away we are going to do the work ourselves and the price will change to $33,900.If you like, we will even give you our contractors to do the work and you can save some big money.If you want this one for the reduced price, you need to move quickly. Total rents will be $950 per month.
    Give us a call or shoot us an email if you would like any more information on any of these properties. We will be adding them to the Penn Pioneer site over the next few days.
    Whew….That’s all for now.
    ]]>     http://pennpioneer.com/real-estate-articles/lots-of-new-deals-coming-soon/feed/ 0     Great opportunity for a flip in Crafton. Make 30k! http://pennpioneer.com/real-estate-articles/great-opportunity-for-a-flip-in-crafton-make-30k/ http://pennpioneer.com/real-estate-articles/great-opportunity-for-a-flip-in-crafton-make-30k/#comments Tue, 02 Mar 2010 20:30:47 +0000 Penn Pioneer http://pennpioneer.com/?p=1461 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.

    ]]>     http://pennpioneer.com/real-estate-articles/great-opportunity-for-a-flip-in-crafton-make-30k/feed/ 0