All Forum Posts by: Joseph Stern

Absolutely there are still plenty of opportunities in these areas that cash flow, just a matter of being creative. It can range from $200 a door to $1000+ a door. I would be lying if I said it's as easy as it was a few years ago but still tons of properties that are in the green. St. Pete legally allows you to rent ADU's and Tampa has parts of the city that allow you to Airbnb your ADU, as a whole the Tampa area is relaxed on STR laws. I personally STR/MTR some of my secondary units on airbnb and furnished finder and they are constantly booked. The area still poses amazing opportunity for cash flow, value add, and appreciation.

@Connor Benn Hey Connor, I specialize working with people that want to house hack, I house hack myself. In tampa I would stay west of 275, the east side can be rough in most parts. West tampa, Seminole

Heights, south tampa, and tampa heights would be your best bet. In st Pete I would stay between

1st Ave N and 46th Ave N, jungle terrace is a solid area as well. Largo, Seminole, Clearwater all present opportunity as well. Reach out if you have any questions or need advice!

I have went through several attorneys and CPA's in the Tampa area the past few years and I have yet to find too great of service. Has anybody out there worked with CPA's or attorneys they can recommend well suited for real estate and smaller businesses? Not looking for the corporate style firm, more mom and pop owned. Thanks in advance!

Hey Mark, Tampa is a great area for Airbnb with a lot of opportunity still. Unless you're in an HOA, Tampa is pretty lenient. I would look in the west tampa or seminole heights area. They are both close to downtown, the airport, hyde park etc. With a good cleaning crew and a handyman it is quite feasible to run the airbnb from out of state!

I would check out the moving to tampa bay facebook groups or rooms for rent fb group in tampa, you may be able to find a temporary housing situation for a good deal on there! I have one unit less than 10 minutes from the airport that may interest you.

Welcome! If you have any questions on the Florida market feel free to message me! I would network with a lot of realtors, to see who their clients have used for property management and handyman services and they actually recommend. From there I would have a list of at least 5-10 contacts per trade so if one falls through you have several others to fall back on.  

I would go with option 1, or find a different city for option 2. Jackson will not even invest in their own infrastructure, why should you? The cash flow may look good on paper but usually that is not the case. Historically most single family homes end up having repairs that wipe out a lot of the cash flow anyway so I would invest in the area you know Aurora, at least you will reap the reward of appreciation for your hard work!

Hey Matt, I'm doing seller finance deals in the Tampa area if you want to connect!

Tampa, Orlando, Miami, Broward, Jacksonville and their surrounding areas are all booming right now and can be great long term hold plays that still will cash flow if you find the right deals. General rule of thumb, stay away from the bad parts of town because you will always have tenant turnover and issues. I recommend googling "(City name) comprehensive plan" every city has a city plan that shows where their major commercial projects are heading. You could aim to purchase near those areas that are already or set to boom even more with large commercial projects going on. 

Hey Quiana, I'm currently sourcing off market multi family property in Florida, primarily Tampa where i live and invest.

1. Taxes have definitely rose which has cut into cash flow, but the market is still extremely hot. Appreciation has continued steadily and there is a very high demand for any decent rental property so finding a quality tenant is not difficult. We also have many hospitals, universities and employment opportunities. 

2. My advice for finding contractors is go on acela citizens access, this is the public portal that shows all the permits in Tampa. From there you can see which licensed professionals have failed many inspections and which were able to do work quickly and up to code. As far as an agent and property manager, BP is a great place to start there are a lot of professional people on here that are great to work with. 

3. I have still been able to get decent rates on policies but it is still definitely something to keep in mind. 

4. Wood frame houses in FL often have termite damage so definitely have that inspected, get your sewer lines inspected that can be an expensive problem that is very avoidable. Also make sure the property you purchase is zoned for what you intend to use it for.