All Forum Posts by: Courtney Allen

Hi Joseph,

I would love to connect with you! I have identified some properties that could cash flow well, but only on creative financing terms and looking to understand how the deal can be structured (1 seller is definitely willing). I am looking for other investors, or even realtors that may have some advice and insight. Thanks in advance!

@Khaled Morad - University Mall on Fowler... well... its more of a flea market at this point :) 

@Khaled Morad I moved from Tampa about 8 years ago, but most of my family lives down there, and I visit multiple times year round. I am so glad you prompted this question! I've been debating this with local friends and families, and perhaps more areas are changing than not. But here are my thoughts when it comes to STR:

For years they've been saying Ybor will get better-- they've finally bulldozed the Projects and it seems they are clearing the way for newer construction (perhaps a stadium? I hear the Rays owner wants it there, but MLB may not allow). This neighborhood is trash right now, but if you can create a little oasis out your STR, its convenient because of the access to the trolley, I-4, downtown, etc... And sure maybe things are changing and maybe the area is getting some momentum... I just don't know how fast enough.

Sulphur Springs is another area that immediately comes to mind--- again here, promises from the city to build up the corridor there from Seminole Heights. Not to say it won't ever change, but likely just not as immediate as other areas.

I would say near USF is slower to change, but folks would disagree. The mall is getting a complete makeover after they ran it to the ground (likely on purpose!), but any neighborhood dubbed 'suitcase city' doesn't sit right with me, at least in the immediate STR market. :) On the flip side, there are over 30K students that attend USF, with satellite campuses in other locations that draws traffic and perhaps STR revenue?!

W Tampa, Tampa Heights-- these are areas that seem to be changing right now. I'd imagine you could get a good deal there still and grow with the area (these used to be super sketch!)

Then there are areas like Veterans and Town n Country-- super nice, but is it where STRenters want to go? Not much going on out there, but maybe those coming for the short term just want warm sun, to be within driving distance of a great beach, and have a safe place to stay. 

I am excited to continue to research and understand from others who have STRs what they are seeing. This market is definitely hot, and like I said, more potential for positive changes than not,  just some initial thoughts as I evaluate today. 

What do you think?

Hey Eric- congrats on getting your STR home running! I totally second what Georgie said. I went to school in Tampa and lived there for many years. There are definitely areas I do not see changing for the better in the near future, but many amazing neighborhoods and some on their way. I don't think you can go wrong with the Channelside area/Bayshore/S Tampa area. Ybor is a popular spot for nightlife/restaurants but the area around it is SUPER concerning- I'd avoid! Without a major attraction or beach, it can be difficult to pinpoint where people may want to stay. I think for out-of-towners it may not be such a huge deal, but you will also want people to be safe! Let me know if you need any unbiased opinion :)
I am also looking for an STR and Tampa is at the top of my list (along with Orlando!).

Thanks for your responses and support! It is so nice to hear your positive and motivating messages.

@Jay Breitlow - LOVE Colorado, what a courageous move! Congratulations to you and your family- you are definitely in the right location for the business :)  I would love to hear more regarding your property mgt business-- I've really only explored the 'vacasas' of this area but want to understand what all is out there. Do you have a website?

Hi Tsipora! I am aiming for an investment property, but also do not want to lose out on the FHA loan opportunity. So I think purchasing a multi-family that I can live in and rent out would be my best option. Thanks for sharing your experience. I think the BRRR strategy would also work well for me for subsequent purchases. I like the idea of holding and build equity. What markets do you typically look in and will you be continuing your same strategy for 2022?

Hey BP Community,

I am brand new to the real estate world and have been researching for months (analysis paralysis?) getting prepared to purchase my first home. I am looking to network and learn from others, both experienced investors and newbies with their own perspective! 

What drew me to REI is the possibility for short term rentals; the hospitality industry has always been of great interest to me and I'd like to provide experiences in cities along the East Coast. In this initial stage though, I am searching for a multifamily unit, preferably in DC or the DMV area. I spend much of my time in MD, but currently live in NYC and work in NJ! Eventually I'd like to invest in several properties along the East Coast, including Orlando and Tampa, FL for short term rentals.

I would love to understand how you got started in RE, how you found deals (is there such thing as off-market deals in this climate?) and what made you successful in this industry. I am looking to network with this like-minded community, share ideas, and understand today's market in 2022. Looking forward to chatting with you!