Best Tampa Investment areas

[Ryan Nitzsche]

I'm just looking to learn, gain knowledge, and hear about investment opportunities in the community. My first question is what are the best Tampa neighborhoods to invest in for returns, appreciation, and both?

Thanks,

Ryan

[Michael Haynes]

@Ryan Nitzsche, Hello, I too am new to BP, but, not to Buy and Hold multi-family and single family properties for rent in S. Tampa for the last 30 years. I keep seeing the new guys and gals asking essentially the same question about the "best Tampa neighborhood," should I look for multi-family or single family properties, try to hold for long term appreciation or do flips etc. You say you are an investor. I trade Futures and we consider investors, the Buy and Hold guys. Traders are the ones like me who hold from 2 seconds to 20 minutes, short term, day traders. That would be the Flipper guys in Tampa and a lot of them are getting killed in S. Tampa right now. Anyway, my question for the new guys is if you own your own home? If not, why not? Then, do you know that your best "investment" is in your own Residence. when you fix it up and sell it after two years tax-free? The plan would be to not look to become a burned out landlord like me, but, find a real Deal as they say in BP. How and where you find a distressed property for cheap is the trick. I am a gold miner to and they say that "gold is where you find it." I don't think it is a secret formula that the BP guys have. There are many ways to skin a cat. The safest way to invest in Real Estate is to only buy one at a time and make sure it is a "home" that you would want to live in or actually do what I do and live in it until the time is right to sell at a profit...tax-free and move on to your next one which you may have already had as a rental. I know a lady who has done ten like this. How you buy it is also a science. Do you pay cash? Use other people's money? Low down and financed by the owner? Lease Option. All those Low and No Money Down methods apply. If you have little or no money down, then, you may have to start with a manufactured home or a trailer. It's all the same thing. Just a bunch of numbers and you hope that they all work out to give you a positive return when you sell or trade.