Updated over 8 years ago on . Most recent reply
Moving to Tampa, FL Area
My wife and I plan on moving to the Tampa, Clearwater, St. Petersburg area around March 2018. My family and I would like to house hack a duplex-quadplex. From what I can tell it seems like multifamily might be overpriced. What are the areas we should be looking to buy in? Is multifamily a good investment in the Tampa area? Should we be looking at SFH instead? All advice would be much appreciated!
Most Popular Reply
@Josh Day, @Jeff Morelock is right. MF isn't really overpriced, Tampa Bay is just an insanely hot market. That being said, it still has much greater prices and margins than most markets in the country. It's really all about the ROI (return on investment) or for rentals, the 1% rule. If either of those work, buy before someone else does. It is a very competitive market here.