Househacking Small Multi Family in Tampa

[Eric Wittenburg]

Me and my fiancé are moving to Tampa this summer.  We are interested in purchasing a small multi-family property (2-4 units) to house hack. We are currently saving up capital for the down payment and could close on the right deal as soon as the beginning of 2024. 

One thing I've noticed about the current Tampa market from zillow, redfin, etc, is that there are significantly fewer small multi-family properties on the market compared to my native Minneapolis, MN. Is this normal for Tampa? Does Tampa have a lower inventory of small multifamily properties relative to other metro areas in the United States? Any insight would be appreciated as we continue to learn about this market. 

[Josh Green]

@Eric Wittenburg

Your observations aren't unusual. I do a lot of house hacks, STRs, LTRs, etc. I have done 3 house hacks myself and I'll tell ya you need to be creative here for good returns.

For example, I have a client looking at duplexes and the last one we offered on (very strong offer, 10% above asking price) got 30 offers in less than a week.

Depending on your situation, I would suggest different strategies. I'll dm you and we can do a video consultation to see what would be a good fit for you!