from young entrepreneurs to savvy investors,

we help you invest.

jason cohen

PITTSBURGH

INVESTING THE

WAY

How can we help YOU invest?

At Jason Cohen Pittsburgh, we know that every investor has different circumstances. The type of investment you pursue will be dictated by many factors. We'll help you to decide which investing path is right for you.

short-term

Flipping homes offers the ability to make a large amount of money in a relatively short period of time. This investment strategy enables you to buy and sell properties quickly. Once they are sold, you can move on to the next project.

 

It's not just about having enough capital to buy a house, slap on a fresh coat of paint, and sell the home in a month for a quick profit. Sure, you could go it alone, but you'd find it much easier to work with a network to flip properties.

 

Flipping homes is a fast process in which the necessary renovations must be complete and the home sold before the financing costs really kick in. To be successful flipping homes, you need expertise on the entire process. There are four major steps to flipping a house for a profit.

 

Buying a Property

This may seem like the simplest step, but you have to think ahead. You're not looking for a home in which you'll be living for the next few decades. You're searching for an investment property, one that you can renovate and turn over in a matter of months. So, the property must be financially viable before you buy it. Jason Cohen Pittsburgh can help you understand what makes a property a sound investment and guide you through the due diligence process.

 

Planning

When you've decided on a property to purchase, you'll have to perform detailed analysis to understand your profit potential and how you'll get there. Formulate a budget and time line for the project to ensure that you remain profitable.

 

Renovation

Unless you have a strong professional background in renovations, it is wise to hire a contractor to handle the repairs. That way, the physical work can be done in a timely manner to ensure that you don't sacrifice your budget to financing costs. You'll also want the expertise of contractors and investors like Jason Cohen Pittsburgh to help you understand which repairs generate the most potential for profit.

 

Selling the Property

Your network of real estate professionals is essential in this step as well. To move the property quickly, a real estate agent or brokerage may be essential. You do not want to hang onto this property any longer than you have to.

 

Remember that even if you follow all the steps, you still may need a bit of patience while renovations are completed and the house sits on the market.

long-term

Owning a rental property enables you to have a recurring source of monthly income. When you own rental properties, you have assets that you can keep until you want to sell them. While this method does require more commitment in the long run, it offers incremental income for a sustained time period. Most of our investments at Jason Cohen Pittsburgh are in this category. We specialize in turning distressed properties into high-end rental units.

 

Buying a Property

When searching for a property to convert into a rental, you'll want to make sure that it is in an area where renting is appropriate. It's also a good idea to make sure that the property can either be divided into smaller apartments or that it already makes sense as a rental property. Areas surrounding college campuses are ideal for investing in rental units because the neighborhood is inhabited by those looking to rent, not buy.

 

Planning

When you've decided on a property to purchase, you'll have to perform detailed analysis to understand your profit potential and how you'll get there. Formulate a budget and time line for the project to ensure that you remain profitable. Figure out how many units you'll have to rent out and at what price to calculate how you'll cover your mortgage and purchase costs. Make sure that your rent price is competitive and comparable to those in the area.

 

Renovation

Unless you have a strong professional background in renovations, it is wise to hire a contractor to handle the repairs. That way, the physical work can be done in a timely manner to ensure that you don't sacrifice your budget to financing costs. You'll also want the expertise of contractors and investors like Jason Cohen Pittsburgh to help you understand which repairs generate the most potential for profit.

 

Managing the Property

You'll have to decide whether you want to be a landlord or a property owner with someone else handling day-to-day issues with the property. This may depend on how much time you expect to devote to your investment. You may plan to use the property as passive income to complement your salary. Or, you may want to  purchase more rental properties to pursue a career in real estate. At Jason Cohen Pittsburgh, our large quantity of rental properties brings the need to employ the services of a property management company to handle maintenance and tenant relations.

 

Owning rental properties is a tremendous source of monthly income, but requires a commitment that you must be willing to make.

Jason Cohen Pittsburgh, 2015