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All Forum Posts by: Josh Green

Josh Green has started 21 posts and replied 346 times.

Post: Looking for a good property management referral in St Petersburg Florida area

Josh Green
Posted
  • Realtor
  • Tampa/St Pete/Clearwater, FL
  • Posts 369
  • Votes 337
Quote from @Chris Call:

I'm considering investing in the St Petersburg FL market. Any good property managers in the area that any one is familiar with?


 Hey Chris,

Feel free to DM me, I'd be happy to send you a great one!

Post: Moving - rent before buying?

Josh Green
Posted
  • Realtor
  • Tampa/St Pete/Clearwater, FL
  • Posts 369
  • Votes 337
Quote from @Account Closed:

My family and I are planning on moving to Florida within the next 18 months. We currently own our home, and upon the sale, will have about $200K in cash. We are looking at a townhome to purchase, but my wife is leaning towards leasing a townhome in a gated community for a year or so in order to get acclimated to the area, schools, shopping, amenities, etc.

From a financial POV, a lease would be between $2300-2500 per month, with a monthly maintenance fee of $105 (lawn, cable, garbage, etc.). A new townhome purchase, based upon what we can afford, would be between $2500-2700 per month, plus a $35-50K down payment, and HOA, which is typically $500-800 per month).

I'd be curious to get some feedback and opinions on the pros and cons of the above.

Any advice is greatly appreciated

Thank you

*we are looking in Palm Harbor, Apollo Beach and Dunedin

 The short answer is: it depends on your long term goals and immediate financial position.  If you plan to stay for at least 3 years, by and far I would recommend purchasing as soon as you’re able. Prices in Dunedin and Palm Harbor are not going to come down. I would anticipate at least 5-10% higher home prices within the next 6-18 months as rates are projected to continue to drop.  Rents will undoubtedly increase next spring as it tends to lag behind increases in home prices as well. 

Post: Clearwater, FL or Murrells Inlett, SC

Josh Green
Posted
  • Realtor
  • Tampa/St Pete/Clearwater, FL
  • Posts 369
  • Votes 337
Quote from @Bien Nguyen:

My husband and I recently launched our STR end of December 2023 near Savannah, GA and are already booked through mid-April 2024 with some bookings in May 2024. Hurray!

We are looking for our next STR opportunity and interested in a beach property that we can use from time to time.  Two areas that stood out to us were Clearwater, Florida and Murrells Inlett (near Myrtle Beach) South Carolina.  

Anyone with feedback in those areas as to pros and cons?  For example, what are property taxes like in Florida?  I know SC is steep for non-primary residents.  

Thanks in advance!

Bien Nguyen
Sweet Retreats Vacation Properties LLC

Hey Bien,

if you’re looking in Clearwater/St Pete or the greater Tampa area feel free to connect.  I have purchased 3 STRs personally in the last 18 months and have closed on at least 25 for clients in the past 12 months.  I have a furnishing and design team to help out if you’re not wanting to come down personally and I also co-host at a discounted rate for my clients.  Congrats on the launch of yours in Savannah!  

Post: Looking for a STR real estate agent in Tampa

Josh Green
Posted
  • Realtor
  • Tampa/St Pete/Clearwater, FL
  • Posts 369
  • Votes 337
Quote from @Michael Klein:

I'm an agent in PA and have a client that is looking to invest in a STR. She's based in Tampa and currently have a portfolio of long term rentals. She's interested in Tampa area, Clearwater and Panama City. Does anyone have a recommendation for a STR real estate agent in these areas?

Feel free to connect - I’ve personally bought 3 the past 18 months and manage 10+ for clients at a discounted rate. I also have a furnishing and design team that makes it really convenient for buyers who are out of state or simply don’t have the time to do what it takes to get a top performing listing as they are a huge logistical undertaking. 👍🏼

Post: Investing around Tampa, Fl

Josh Green
Posted
  • Realtor
  • Tampa/St Pete/Clearwater, FL
  • Posts 369
  • Votes 337
Quote from @Danaysi Ramos:

Hello BP community! My husband and I are looking to start our real estate investing journey this year. We have been reading BP books, podcasts and this forum to be as educated as possible. 
We have $50-70k to get started. Looking for SFHs and small multi-units. We would like to maximize cash flow although our initial capital is a bit limiting.

 We are looking at surrounding areas like Lakeland, Brandon, etc.

Looking for insight for the best areas to invest in the Tampa area for CoC ROI of 5-8%. Is this even doable without strong local relationships?
Should we consider out of state investing to achieve this? 

Thank you so much! 
Excited to start interacting more. 

You're very unlikely to get 5-8% CoC on an LTR without a combination of a few factors:

1) Creativity to push the income up (ie STR)

2) Rehab in the project

3) House-Hacking

Post: New to REI. Nervous, should I get training?

Josh Green
Posted
  • Realtor
  • Tampa/St Pete/Clearwater, FL
  • Posts 369
  • Votes 337

A lot of good insights here.  It really boils down to asking yourself the “why” and then making a plan and taking actions toward the plan.  If you’re looking into wholesaling or flipping, merely for a “quick cash fix” then that goal and action plan will be very different than trying to build wealth or passive income.  

Listen to the BP podcast episodes on house hacking.  There’s rarely a better way for a new investor to start!

Post: Math on a house hack

Josh Green
Posted
  • Realtor
  • Tampa/St Pete/Clearwater, FL
  • Posts 369
  • Votes 337
Quote from @Thomas McNeil:
Ok,

Total newbie. I know about the 1% and 2% guidelines for rental incomes, but, what should someone be looking to bring in for rental income on a house hack in order to make it worth it to buy the house?

I have a place I'm looking at that is $400,000 but has rental income of approximately $1800. Seems like a good deal to me, but, still trying to understand whether it is or not.

Thanks for your help!!

 If this is in the Tampa Bay area, definitely can do better than that.  Could be a decent deal in another market, if that state has super low insurance and property tax but here, you could point your finger anywhere and do better :)

Post: Tampa Realtor / Agent Referrals with personal Hacking & Rental Experience

Josh Green
Posted
  • Realtor
  • Tampa/St Pete/Clearwater, FL
  • Posts 369
  • Votes 337
Quote from @Lucas Foley:

My girlfriend and I are looking to house hack a SFH with the intention of turning it into a 100% rental at the end of a year. She's a nurse at St. joes and the current plan would be to find a home suitable for a co-living MTR / STR marketed toward nurses.

Multi Units are being considered but we think we like the idea of a SFH and putting up with roommates for a year and renting by the room. Of course, cash flow will win and we are still in the pre-approval process for an FHA.

if you are a realtor and have house hacked, own rentals, please comment or text me (# in profile) Anyone else, would love to connect and welcome you to all-state colleagues, friends and partners.

🙏🙏


Hey Lucas,

I've done 3 house hacks myself with a mixture of room by room, long term renting a separate unit, mid term renting and short term renting a unit. I've also helped maybe a dozen people do house hacks this past year alone in the Tampa bay area from Pinellas county to Hillsborough and manatee counties.

Sounds like you're willing to give up a little comfortability for profitability in a house hack which is great - the most successful house hacks and house hackers out there get creative and make these sacrifices to push the profitability up and I've done that myself as well.  Love the St Pete area for house-hacker as there are so many strategies to it. I'm actually under contract for a client doing their 2nd house hack in north St Pete and working with another looking all over Pinellas county. If you're seriously looking, feel free to reach out and we can talk next steps 👍🏼
 

Post: House Hacking in Tampa/St. Pete

Josh Green
Posted
  • Realtor
  • Tampa/St Pete/Clearwater, FL
  • Posts 369
  • Votes 337
Quote from @Aaron A.:

Do you think it’s better to buy a single family rental in the Saint Pete or the Tampa Bay Area? and what about flood insurance. Would you even consider a property in a flood zone in either area?

Thank you in advance!

SFH and LTR

I think that's a little more of a personal preference question.  Typically, the biggest factors that will play a larger role for a house hacker are (in no immediate order):
1) location restrictions (need to commute to work somewhere)
2) budget/inventory (if you're open to both, I'd be looking at both areas and choose based on the property itself and how it meets your needs/goals better than the other)
3) property specifics (need a certain size or amenities for yourself)

Rents and prices are pretty comparable between the two.  Inventory depending on the type of property as well can be pretty comparable but it depends on what your buy box is.  That also plays a role in competitiveness to get the property and typically I see more in St Pete being more competitive but it depends on the buy box. 👍🏼

Post: Bank Recommendations in Tampa for First-Time Househacker

Josh Green
Posted
  • Realtor
  • Tampa/St Pete/Clearwater, FL
  • Posts 369
  • Votes 337
Quote from @Naya Marquez:

Hello! I'm looking to purchase my first house hack early next year in the Tampa/Clearwater/St. Pete area and want to know if anyone has recommendations of banks I should go to to inquire about a loan? Preferably local banks / credit unions that are familiar with the househacking process and willing to work with someone getting into it for the first time. Any help is appreciated!!

I recommend getting with@Raymond J. Rodrigues he and I have done a lot of house hacks for people in the St Pete/Clearwater area!