Looking to connect with investors in the Tampa Area

Looking to connect with investors in the Tampa Area

Flipper/Rehabber · Tampa, FL · Member since 2020 · 3 posts · 2 votes

Hey Biggerpockets peeps, I'm new to real estate investing in the Tampa area (living in South Tampa at the moment) and would love to connect with some local investors and any partners. I'm living the apartment life at the moment and looking to get out and make my first purchase within the next 10 months, preferably sooner. My girlfriend is interested in making the transition to real estate and has been brought on board with her engineering/project management experience. I believe I could be an asset helping out as much as possible to learn the process and any strategies employed. Willing to work for free to get some insight on making moves and networking. Growing up in my household we were constantly renovating my home (Dad was a carpenter/handyman) so I learned quite a bit along the way. 

My goals are long-term wealth and not so much the quick profit. I'm more interested in the house hacking and BRRR methods. What area are you liking right now? What's working for you? If you feel you could use a helping hand or just want to chat, leave a reply.

Thanks for the awesome community,

Matt

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  • Real Estate Agent · Central Fl / Tampa Lakeland / Orlando · Member since 2016 · 12 posts · 3 votes
    6y

    What books have you been reading?  There is so much great material out there. My favorite is the classic, Rich Dad Poor Dad. Another great one, IMO... is Chris McLaughlin’s Guide to Smart Real Estate Investing. This one really provides a fantastic foundation. (Full disclosure... I work with Chris in Lakela nd)

  • Flipper/Rehabber · Tampa, FL · Member since 2020 · 3 posts · 2 votes
    6y

    I've read Rich Dad Poor Dad, Psycho-Cybernetics (great book), Think and Grow Rich and I'm just now finishing up the Book on Real Estate Investing by Brandon Turner. I'll have to check the book out. Always interested in new reads especially if it's a local guy. Hoping to avoid analysis paralysis from reading and get to work haha.

  • Investor · Tampa, FL · Member since 2010 · 263 posts · 159 votes
    6y

    Hi @Matt Robison

    Welcome to Tampa. Sounds like you and your partner have a good mix of skills and the "get rich slow" mindset is the best way to approach real estate investment. 

    A few quick tips

    - A 2-4 unit house hack would be a great way to get started.
    - If you don´t have a real estate license, you could have a local realtor setup an automated search for you.
    - Start networking with local wholesalers (happy to introduce you to a couple) and get on their mailing lists.
    - Start underwriting deals: the more hours you can accumulate calculating reno budgets and ARVs, the better
    - For the first few deals, try to stick with block construction, post 1950s build in non flood zones.
    - Always get a full property inspection before buying, even if you have waived the inspection period
    - Get pre qualified for a loan in advance
    - Track your household expenses carefully and try to live well under your means
    - Set aside 6 months living expenses in a "rainy day account". Investment money come after that.

    Real estate investing is a very rewarding journey and you have to go through its different phases. The way to progress is by taking action, gaining experience, learning from your mistakes and moving forward continuously.

    Good luck!

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