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Updated about 1 year ago,
Tampa, St Petersburg investing
Hi everyone,
My name is Liron and I'm currently on vacation for 3 weeks in St Petersburg and Tampa Florida. I currently live in Hoboken,Nj.
I am considering buying and holding properties in both St Petersburg and Tampa and I thought it would be a great opportunity to connect with people in these area and learn more about both real estate market.
I have a couple of questions that will help me getting started.
1. Would love recommendations for both realtor that works with investors before and preferably works with wholesalers and with a good property management company.
2. The KPI's i usually looking for are:
IRR - 12 - 20%
Min 7% cash on cash
Min 5% from equity (amorization)
Is it something i can find in both markets?
3. Which neighborhoods in both cities are good for cash flow and which neighborhoods can be a mix of relatively good cash flow and appreciation in your experience?
4. Would i be able to find a good contractors that had availability? Based on the answer, I would target only properties that might need cosmetic rehab.
Thanks 🙏