Tips for Multi-Family Investing in Tampa

[James Mansfield]

Hi everyone,

I'm considering looking into multi-family properties in Tampa (4+ units).  Any tips/things I should consider?

Thank you,

James

[Josh Green]

Quote from @David Garcia:

@James Mansfield I am a new investor myself and would not argue with anyone who has much more experience than I do regarding multi-family homes here in the Tampa area. With that said, I purchased a multi-family in February this year which is cash flowing at almost 14%. There are deals out there and in my opinion you can definitely cash flow if you find the right deal. I have a great team I work with that may be able to help you out. For a investor friendly realtor reach out to @Josh Green, he is amazing at his craft and is also an investor himself. He will do you right for sure. As far as lending if needed, reach out to @Nick Velez, he is also great to work with and will not put any pressure on you to buy. They both did an amazing job for me and helping me get into my first investment property. Good luck and take the leap you will not regret it. 

Thanks @david for the kind words - really appreciate that!

@James, I think the better angle here is to ask you: what's your questions and concerns with Tampa Bay multifamily investing? What's your situation, goals and current experience as a real estate investor?  Hard to provide good solutions without a good understanding of the problem.

With that said some general advice:

1) know your goals and buybox

2) be diligent and patient; this market is competitive

3) be realistic and creative or you'll be forever stuck in analysis paralysis and get burned out and give up

4) get your financing in place

5) pick a good investor agent

6) time in the market > timing the market