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Updated over 6 years ago,
Tampa area investment propertes
Our oldest will be headed to college in Tampa in the fall and we are considering buying a rental property that she and roommates can live in the next year and that we could hang on to for future renters and vacations for us. We own 5 rentals in Texas and I am very comfortable knowing our market and tenant placement.
What I am wondering in Tampa is: can we buy a nice property in the low $200's within 25 mins to UT campus, is the long term rental market strong in Tampa, do rental rates compared to purchase price make sense (ie, I don't want to buy a $200k house that only rents for $1100/month)?
Love any input and any agents that know the investment and rental market in Tampa. I am a Realtor and Property Manager in Texas but need a great agent that understands RE investing not just buying and selling RE. Thanks Melanie