First-time investor in Tampa, any advice?

[Luke H.]

I’m looking to start investing in Tampa, FL. BP seemed like a great place to expand my network and hear from others experience so I can make a more educated decision for my first property.

Anything helps!

[Gavin Erard]

I have a few pieces of advice for you. 

1. If you are not a cash buyer I would recommend finding a good hard money lender (as traditional mortgages generally won't work with investment properties) and getting prequalified.

2. Find some good wholesalers to work with.

3. Learn how to run your own comps so you can verify ARVs (after repair values) on deals you are considering.

4. Either find a reliable and affordable general contractor to work with or preferably find several reliable subcontractors to work with to minimize rehab expenses.