All Forum Posts by: John Saible

Welcome Stetson! Good to have you here. Have you defined your buyer criteria? Are you looking to stay in NWA. I like the Arkansas market myself and am always looking to connect with local individuals like yourself. Feel free to connect. 

Good evening BP. I just wanted to introduce myself. I, along with my business partners, are looking to acquire MHP in the Little Rock metro area. We flew out last week and looked at multiple parks and have a few LOIs out. In addition to connecting with other investors and owners, my question for the group is what seems to be the average lot rent that you are seeing in this area? Many of the properties we are looking at seem to be around the $325 mark, however, I feel the average is probably closer to $370. Would love to hear your thoughts and look forward to connecting. 

Hi Thomas and welcome to Tampa. My business partner and I are mutlifamily investors based out of Tampa focusing on commercial properties between the 40-80 units in the Central FL region. Would love to connect when you have some time. 

John   

Hi BP, 

I recently moved to the Tampa area and am looking to start investing in the Orlando area as prices are lower than Tampa. I originally started looking at duplexes and other multifamily units but started to realize that there are a lot of investors doing SFH STR in the area. There is a tremendous amount of people moving to the area as well as visiting at all times of the year. It wasn't in my original investment strategy but I am curious as to what other investors think or have experienced by doing STRs in the area. Also, if there are any real estate agents that anyone recommends, that would be greatly appreciated.

John 

Hey Moises, 

I agree with Shawn on this one. I live in the Tampa area and can tell you 7k will not get you much. Yes, Tampa is cheaper than Miami, but Tampa is not cheap. Even in the suburbs with only 10.0% down, you will be looking at some pretty rough areas. Not saying it cant be down, but it will be hard.

@Shawn Bhatti I am curious as to why you say Ybor is rough? I am new to the Tampa area but many investors have mentioned that its a decent area that is up and coming. 

John