Should I invest in Tampa, FL??

[Will Cruz]

Looking to invest on a 2nd home in Tampa. What locations do you recommend with good schools and neighborhood? I have 170k to put down for a down payment of 20%. 

[Kristina Kuba]

@Will Cruz

I’m sure you have done some preliminary research but keep digging! Research on Water Street and “Gas Worx”. These are both game changing developments.

Tampa is ranked in above 20% appreciation rates. Further, large names like Pfizer and Tesla are expanding with hundreds of employees. And of course, Florida in general is extremely tax friendly when it comes to state income tax AND property taxes.

In regards to schools, south Tampa's “Plant High School '' district is one of the leading school systems in the country.

Look for agents that align with your interest. Interview a few and see what is a good fit for your buy and hold aspirations. The greatest set of questions you can ask an agent about investing….. how many homes have they designed and renovated to maximize ARV. Have they had the difficult conversations with a general contractor and held them accountable? How many rentals have they owned? How do they decide if a property will be more profitable as a short term rental vs long term rental?

You’ve chosen a great city! Good luck. Please reach out if you have any questions.