All Forum Posts by: Aaron T.

 Yes, Blackstone and subsidiaries like Invitiation homes scooped up a lot of SFRs. 

do you offer HELOC on investment property? Or way to access the equity in it?

looks good. 

I normally run my numbers with a 12% property management, if I need to have them place a tenant and the monthly fee, and 8% vacancy which is one months rent per year.

@Jerry Padilla 

Is the 75 LTV standard for most or all of the lenders MFR?

I have called a few lenders today looking for pre-approval for a property, but a couple want it to be owner occupied and another wants 30% down.

I am looking to get pre-approval for a conventional/portfolio loan with 15% down, and I don't plan on occupying the property for more than 6 months.

Who are the local investor friendly lenders you have had good experiences with?

Jeremy, where are you buying these at? do you have to be accredited? 

I dont like to let my money sit around in a savings account. Its just sitting there not making any money.

What is everyone doing with money they are saving for a purchase and dont plan on using for 6 months or longer? say 10k, 15k 20k, etc..

I am not a fan of the stock market, so I dont like to put money in and out of there. 

Thoughts?

Merline,

Welcome. There are quite a few BP members from Tampa, so you are in good company.

I have been looking in the south tampa area. its very hit or miss.

Scott, I dont know if i would agree with red hot market for buy and hold. The properties i have found dont have the best ROI for the money you put into them. I may not be finding the best deals either.

Your realitor should be able to pull the comps for those properties that have sold.

I agree, there is a lot of old and new construction which makes it hard to really value the property, but you should be able to still get an accurate valuation. Rents will be pretty consistant in the area depending on the property size, location, add ons.