All Forum Posts by: Chris Michael

I am planning on purchasing either a larger multi family of 8 or more units or purchasing several income properties in the Tampa market. I am curious on pros and cons vs the two and overall where the better investment is. Any tips or advice? Thanks.

@Cecile Poyet Stop scaring your buyers. Look at other markets. My customers have been getting great appreciation in the Tampa Market over the last 5 years. I could bring up old data but the CURRENT market in my area does not support it.

@Russell Brazil I encourage you to look at the Pinellas County Florida Market. Please let me know if you have any questions about the area.

@Mike M.

Tampa Beach market features world famous beaches top rated schools avg purchase price in upper middle class suburbs start in the low 200s. New construction selling for low $300s. Hell you can get near acre of land for $20k. No recession here. Looking forward to the great migration from West Coast to East Coast.

@Jay Hinrichs rates at 4.5% are NOT slowing anything down. Does anyone remember the 80s? Agents using the climbing interest rate theory are making a quite novice claim in my opinion.

@Bjorik Mutize in Tampa/Clw we have top rated beaches minutes away from top suburbs and schools at avg price points in the low 200s.

I’d say we have a long haul up in the Tampa Beach Market. Come get some!!!! You can’t miss here.

@Scott Scheel why do think we will have a down turn?

I am definitely not seeing that in Tampa/Clearwater Beach St Pete market.

@Nick C. I am a newer agent with about a dozen transactions under my belt so my knowledge is growing a foundation to start learning the meat and potatoes. I want to begin flipping notes and distressed. I did part time field service work for a buddy of mine one summer in college (driving for dollars/evaluations). I grew up in our area and love where our market is at. Great demographics job growth tourism etc.

If you don’t mind, what areas are you targeting for investment?

I feel that I am biased to the North Pinellas and DTSP area because I grew up here-

@Ryan Pollack Dunedin, FL Safety Harbor, FL Tarpon Springs, FL. Small Beach towns on the gulf coast. $60k annually per rental unit.