Tampa Market Best Investment Properties

[Dillon Cook]

Hey All,

I am still shocked that so many investors are still looking at SFH, condos, and townhomes to invest in right now. Specifically single families tend to cash flow negative right now once you factor in reserves (which everyone should be doing). A couple ways to get around this will not apply to many investors, but you can buy and live-in for one year with a non-investment loan or househack, perhaps find a BRRRR unicorn, or modify a SFH to do room rentals.

I run numbers and speak with investors all the time and I've found that most newer or new-to-Florida investors get tricked by several things.  One, not realizing the property taxes on the listing are inaccurate to what they'll pay.  The only long term rental type I have found that consistently cash flows neutral or positive are Multifamilies.  

I am curious to hear from other agents and experienced investors in the West Central FL markets.  Are folks just not factoring in reserves to their single families now? Are they unaware of insurance and tax reassessments?  Is there a lot of regret from the last year where buyers find out they are negative monthly?