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All Forum Posts by: Cynthia McGathey

Cynthia McGathey has started 0 posts and replied 34 times.

Post: Buying second vacation home/rental in Tampa Florida

Cynthia McGatheyPosted
  • Real Estate Broker
  • Treasure Island, FL
  • Posts 45
  • Votes 42

@Bao Chau Tran

Hi Bao,

Any beach property is a great investment. There is always high demand for rent and rates vary depending on if they are waterfront or not but all are strong. Like some of the other posts 20% down eliminates PMI but if you purchase the home as a second home you have more flexibility. The south beaches in Pinellas County such as Treasure Island, Madeira Beach and St Pete Beach are great areas as well as downtown St Pete.

Post: Long distance investing/ Building a team

Cynthia McGatheyPosted
  • Real Estate Broker
  • Treasure Island, FL
  • Posts 45
  • Votes 42

@Joe Gallo

Hello Joe. I am in Tampa area and have successfully assisted out of state buyers preview and purchase homes, most recently a buyer from California purchase an investment home in Pinellas County. I own several investment properties myself and have a great set of vendors that I trust including electricians, plumbers, contractors, pest control, etc. that I trust. I tour the homes and provide video and assessments and analysis of comparables. I then coordinate the inspection and babysit the closing process. It works really well having local boots on the ground to locate quality properties in good areas and then assist with the purchase process. Let me know what you’re looking for!

Post: How are you guys collecting rents?

Cynthia McGatheyPosted
  • Real Estate Broker
  • Treasure Island, FL
  • Posts 45
  • Votes 42

@Marvin Bobb

Zelle and Venmo

Post: What Area of the Country to Invest in? During Covid?

Cynthia McGatheyPosted
  • Real Estate Broker
  • Treasure Island, FL
  • Posts 45
  • Votes 42

@Guy Downes

The west coast of Florida (Pinellas County) is booming. Last 3 months sales up 12% 8% and 17% over last year.