All Forum Posts by: Jorge Vazquez

Relying on syndicators/wholesalers that provide accurate information on their property reports. And most of the time don't even hold an actual contract.

They are always looking for perfection! What I mean is that they are always looking for the perfect seller, perfect property and perfect buyer to do business with. I challenge you to take the hard ones and sharpen your skills and become more resourceful. 

Thanks for your feedback Rory and Phil! We appreciate your trust in us and look forward to a lifetime relationship. We would not have been able to do it without your support! You invest, we do the rest!

Thank you, Phil! 

No one does things as well as you do. What I mean is that it is way better to work with a company that can help you "buy, fix and rent" (New tenant, new rehab from the beginning, knowing your property intimately) versus buying someone else's problem. You have to ask yourself what is the motivation of the seller when selling a turnkey property.  Bad performance? Bad Tenant? No equity left? Why would a seller sell a property that is cash flowing well? That is the real question!!! Here is a good youtube video about it https://www.youtube.com/watch?v=xB5lOnPVVIA&t=564s 

Very controversial topic, before 2007 I would have said the same, keep leveraging keep buying!!! But after a lost most of my properties and had to build up my portfolio again, I think differently. To me, it is all about the type of mortgage (paying principal), the term (7-10 years) and to "stress test" the rental income of the property. If these three are good, then I agree with not leaving any dead equity on the property and using it for the next one. 

18 Years investing in real estate for cash flow! 

As a serious real estate investor it is your responsibility to seek out of your comfort zone and to look outside for the best deal! If that was the case no one would buy any stocks or bonds. Think about it it is like dealing with a captive financial advisor that can only refer you to buy the "in-house securities" only. It is all about the trust on the local team and market. Follow the cash flow! :)

Hi Micah, 

I have been investing, rehabbing and managing properties in Tampa for the past 15 years.  Let me know how I can help. It is important for investors to own properties in diverse locations, which can include multiple cities and counties. Furthermore, the high end of the lower end of residential housing continues in high demand, making metro Tampa Bay the perfect place for national and international investors alike.

These are the areas my team invest in: 

• Beverly Hills
• Brandon
• Clearwater
• Dade City
• Gulfport
• Holiday
• Hudson
• Inverness
• Jacksonville
• Lakeland
• Land O Lakes
• Largo
• Lutz
• New Port Richey
• Ocala
• Odessa
• Pinellas Park
• Plant City
• Port Richey
• Sanford
• Seffner
• St. Petersburg
• Tampa
• Tarpon Springs
• Valrico
• Wesley Chapel
• Winter Park
• Zephyrhills
• Winter Haven

With a focus in Pasco County this year.  

Hi Karen, 

I would start with finding the right city to invest in first (do your research on cap rate, vacancy etc...) don't settle with only your local inventory, and then find the right team that can help you "rinse and repeat" the process of buying one asset, stabilizing it, leveraging the equity on it (When the time is right) to buy the next. This type of investing has never been as easy as it is now, with the new private money options out there. 

17 years investing in cash flow properties in the Tampa area. 

Tampa is Growing! 

Many projects are ongoing right now, but some of the largest are set to have a huge impact on the way things are done, and what people enjoy about the city. Here are a few of the most notable projects in the works that are set to be completed within a few years:

Sparkman Wharf: The rendering of the new Sparkman Wharf shows it will be a modern outdoor park space with plenty of shops, outdoor eating areas, and other small attractions. One of the main highlights is meant to be the large outdoor biergarten. This project is near its completion and should open up in late 2018.

Water Street Project: This is a public project that will help to connect many of Tampa’s attractions and facilities together via walking paths, 13 acres of public park, gathering areas, and other outdoor infrastructure. Other privately funded buildings are also being constructed around the area. Tampa’s first 5-star hotel is being built as part of this project.

Ybor City Stadium: While currently delayed because of funding, this new $890 million stadium in Ybor City could be the next home of the Tampa Bay Rays. It’s set to be a gorgeous modern stadium with a clear glass roof, fantastic pedestrian areas, and sliding glass walls. If plans can be made for the Rays to adopt the stadium, it could be finished by 2023.

Midtown Tampa: Located just between North Dale Mabry and I-275, this multi-use project features a variety of open spaces. Plans include office spaces, residences, retail shopping areas, restaurant spaces, and entertainment venues. So far, the biggest commitment has come from Whole Foods, which plans to occupy a large retail space as the anchor store. The project is set to open in 2021.

St. Petersburg Pier: With the demolition of the old St. Petersburg Pier, the new pier is now being constructed. From renderings shown in the virtual tour, the pier is likely to contain entertainment spaces, park space, and more. Construction is set to be finished sometime in 2019.

Gateway Express: This tolled highway will help to ease traffic moving around Tampa, while making it easier to get to some of the major spots in the city. From the Gateway Express, you’ll be able to access the new St. Petersburg Pier as well.

Take Away

Tampa is in the midst of large-scale change. Within the next 5 – 10 years, the 6 projects listed here should be completed. Tampa’s virtual tour of the future shows an attractive picture of what the city could look like, which may help you visualize it better while the construction is still ongoing.