Property Manager · Member since 2020 · 108 posts · 68 votes
Hello BP Members!
My name is Dylan "Joshua" Adlam and I am so excited to join the bigger pockets community. I am currently a 22 year old (recent Rollins College grad) licensed real estate agent working as a property manager and leasing consultant in Tampa Florida. After listening to about 50-100 bigger pockets/real-estate podcast, and reading 10-15 real estate books, I have finally decided to take a leap of faith into the investment realm of real estate.
My current goals
1. I am seeking to find my first investment property (multi family or single family) and build a portfolio in the Tampa and Orlando area. I have given myself a year to accomplish this goal.
I am deeply seeking guidance on how to obtain my first rental investment. Although I have read and listened to the proper material, I am still struggling to discern what deal is the right deal to take my initial stab at. Any direction as to the next steps to take would be greatly appreciated!
Realtor · Tampa Bay · Member since 2019 · 68 posts · 35 votes
5y
I would start setting a cashflow, CoC, ROA goal and running the numbers in different areas from Tampa to Orlando to see what is feasable/obtainable. Then from there you should be able to narrow your search down to a smaller target area and be ready to buy when something meets your qualifications.
Property Manager · Member since 2020 · 108 posts · 68 votes
5y
Thanks Adam, I definitely need to understand the process of running the numbers and understanding the different areas in Tampa. Would you be able to educate me on the Tampa market?