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Updated almost 3 years ago on . Most recent reply
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Tampa Small Multifamily Investing
Friends,
I am an out of state investor and currently looking to invest into a small multifamily (1-4) around or in Tampa area.
Any basic recommendations, things to keep in mind and things to avoid?
Highly Appreciated. :)
Most Popular Reply
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Quote from @Cristian Toaca:
Thank you friends! If anyone else has anything to add - please do :)
Hello Cristian,
I am an out of state investor as well. I am currently investing in Miami and in the west coast of FL. Having a management team that you can trust is key, you can find deals but I suggest you get a realtor that has been doing business in the area you're looking to invest, and have him send you the deals. if you're willing to be more aggressive with your offers I suggest you have them send you off market deals, although those are really hard to get in todays market. Finally if you want something close to the water try looking in Fort Myers, area is booming now. I am currently building a SFR 20min from Fort Myers (Lehigh Acres) to rent it out.
Hope this helps.