Skip to content
×
Pro Members Get Full Access
Succeed in real estate investing with proven toolkits that have helped thousands of aspiring and existing investors achieve financial freedom.
$0 TODAY
$32.50/month, billed annually after your 7-day trial.
Cancel anytime
Find the right properties and ace your analysis
Market Finder with key investor metrics for all US markets, plus a list of recommended markets.
Deal Finder with investor-focused filters and notifications for new properties
Unlimited access to 9+ rental analysis calculators and rent estimator tools
Off-market deal finding software from Invelo ($638 value)
Supercharge your network
Pro profile badge
Pro exclusive community forums and threads
Build your landlord command center
All-in-one property management software from RentRedi ($240 value)
Portfolio monitoring and accounting from Stessa
Lawyer-approved lease agreement packages for all 50-states ($4,950 value) *annual subscribers only
Shortcut the learning curve
Live Q&A sessions with experts
Webinar replay archive
50% off investing courses ($290 value)
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x

Posted over 13 years ago

Tampa FL Income Producing Homes @ 15% Cap Rates.

Tampa, FL real estate has been red hot for us lately.  We have been able to buy REO/Bank Owned homes at pennies on the dollar.  Our system for real estate investors is simple.  To obtain the best purchase price, we typically take down about 5 homes at a time from the banks portfolio.  Prior to our firm closing, we fully inspect the home and budget for any repairs needed.  Once rehab begins, an investor may contract for the home to purchase.  In about 90% of our homes, by the time the investor closes, there is already a tenant in place with a 1 year lease through our preferred Property Management Company.

Capitalization Rates are running right around 15% for single family homes.  Tampa is one of the economic drivers for the state of Florida and has been getting a lot of attention from domestic and international investors.

If you would like to see a flyer of one of our recent Tampa homes, CLICK HERE.  The flyer will show you all gross income, NOI, expenses, pictures, etc.  So please be sure to preview it.

Rental Rates have been suggested and confirmed with third party property management firms.  References of Property Managers given upon request. 

 


Comments