Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Florida Real Estate Q&A Discussion Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago,

User Stats

2
Posts
1
Votes
Aron Ost
1
Votes |
2
Posts

BRRRR in Tampa Florida

Aron Ost
Posted

Hi BP Family, 

I'm newbie to BRRRR and out of state investing. Based on what I heard in podcasts and on this forum, I have an interest in Tampa, FL because of it's strong cash flow and potential for growth.

I have approx. $100k available for cash purchase and renovations. Looking for for the following scenario: B class neighborhood, purchase price of $75k, renovations of $15k, ARV of $120-130k. Approx. rent - $1375 per month (no HOA).

My questions are as follows: 

Are my expectations reasonable for Tampa FL?

Any recommendations for an appropriate realtor/wholesaler?

Any advice on how to manage construction project from out of state?

What is the standard management fees? recommendations?

What is the expected vacancies? (I saw on a management website that their listings were vacant for 2+ months)

What is the expected longevity of tenants? 

Loading replies...