Helping a friend in Tampa

[Account Closed]

I've been on BP for about 5 months, reading and listening like crazy. Unfortunately my primary home has given a few hits to my reserves recently so I'm in the process of saving again for a down payment on an investment property. 

In the meantime, I have a friend looking to move from Philly to Tampa. He's the perfect candidate to house hack (single, no debts, good cash reserve) and I want to help him out from the knowledge side. He has no clue about REI.

I'm looking for info on MFR's in the Tampa area. Good/bad neighborhoods to house hack. Good PM's, etc.

As a side note, is it wrong for me to work in a fee for my 'services'? He's a friend of 20 years and I truly want to help him. Is it wrong to want a little something in return? I'll help him regardless, it's just a thought.

[Eric Delcol]

As a side note, is it wrong for me to work in a fee for my 'services'?

Hi Elizabeth

It depends on what your services entail.  Are you planning on recommending a few neighborhoods for him to check out?  (in which case IMO a fee is out of the question)

OR

are  you planning on sourcing a property for him and you essentially 'wholesale' the deal to him?  In which case I'm sure he'd be happy to pay you for that and you should most definitely charge for your time and effort.