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Updated over 7 years ago on . Most recent reply
Is Tampa Bay still a good place to buy out of state rentals?
I'm in California and want to invest out of state, Tampa looks like I can get more bang for my buck.
Most Popular Reply
Hey Matt, I live in the Tampa area in Clearwater. This area is great for 2 things in my opinion: apartments and flips. This area isn't so great for SFRs. The majority of people in this area rent from apartments or buy single family homes.
Actually, I've witnessd no fewer than 3 new large apartment complexes being built. In my area recently. There was also a NEW Walmart built in 2014 with a brand new apartment complex right next to it. Those units go for about 1200-2200 each!
In closure, I recommend either going with apartments or doing so gle family flips. Remember, lots of families and elderly. People live In the Tampa Bay area!
Ive lived here since I was 5 years old and never moved more than a couple of miles!