Moving down to Tampa, FL

[David Sifers]

Hi,

My brother and I have been real estate agents and investors in the northern VA area for the last 10+ years. Now we're looking to move to the Tampa, FL area and spend some of that NoVA cash. We want to stay near USF and are mostly pursuing cash flowing rentals and BRRRR opportunities (maybe some flips if the deal is right). We're both pretty savvy about real estate but are new to the Tampa market.

We're looking for knowledgeable contacts, other agents, area experts, potential lenders, or other people willing to share some knowledge.  Planning to fly out to investigate the area this Saturday (6/8) for a few weeks.

Let's get together and discuss opportunities in Tampa.

David

[David Sifers]

It seems to me to be a really strong move.  From what I've read the margins are far more generous in Tampa.  And it's a lot less expensive to diversify so you don't have all your real estate investment dollars in one property.  Are you or your wife W-2 employees?  We're both realtors and some lenders have told us that for a realtor changing markets is a risk factor since they expect it will take you some time to ramp up in the new market.  This makes our odds of getting a lower interest rate a bit less.

I've also heard nothing but positive things about military tenants.  Given that I worked closely with the Marines (as a contractor) for over 10 years and growing up right outside of Quantico, I can say from personal experience that I've known them all to take excellent care of their properties whether owned or rented.

Flying out to check out Tampa in person tomorrow morning so the coffee will have to wait until we get back in the area.  I'll PM you so we can schedule something later on.