All Forum Posts by: Kristina Kuba

@Tucker Bone

Most multi families in Tampa proper (city of Tampa limits) will be competitive and expensive compared to what your budget might be. Also, factor in that flood maps are changing every year and although you may underwrite your house hack with no flood insurance and average homeowner’s insurance…you could be required to cover flood and the latter could skyrocket in coming years.

I still recommend using the 3.5% down FHA house hack. Fastest way to build wealth. Start your search in northeast Hillsborough County. 33612 is a great zip code.

Best of Luck!

@Yona Azaria I would second the elite investor meet up in Tampa.  I know James Lascara personally and him and his speakers give a lot of value

@Abraham Cisneros

If your intent is to wholesale, Have the seller talking 80 percent of the time and you 20 percent of the time. Instead of asking questions where the homeowner can answer them in one word like how old is the roof… ask “What remodeling have you done in the kitchens and bathrooms in the last 5 years?”

Sellers sometimes can get inundated with the same questions, how old is the HVAC, how old is the roof? Etc.

Ask questions like … What is the speed limit outside the house? (why because we want to gauge if this is family friendly neighborhood)

Is there an aggressive dog on either side of the home? (why because if you plan to flip the house and I can’t tell you how many times I know in the agent community that a deal was killed because of unruly neighbors or their possessions rather than the house itself)

Always be kind, Ask open ended questions for while building value in yourself, and uncovering objections

Hi @Leon Keeling

It would depend on what you define as a good deal. Unlike Austin/ California where prices are softening. Tampa is steady. In July 2023, Tampa home prices were up 1.2% compared to last year, selling for a median price of $430K. On average, homes in Tampa sell after 18 days on the market compared to 11 days last year. So a tad bit longer on the market and prices are still up for metric purposes.

TD bank is still provided RELOC's.  Just checked with the South Tampa branch a few weeks ago for another client.

Producing content and provided content on Instagram/ Facebook is the #1 way to attract organic leads. Most of my retail clients have come to me organically and I know of wholesalers that do the same.

I know of some DSCR products that don't have citizenship requirements.

I just did this for an investor in NY for a 2.5 million dollar STR on Indian Rocks Beach and it grosses 400k per year. In his situation, he only needed about 250K plus closing costs as his entry point and he will net more than his very first year.

Take a peak into Tampa Bay

I think the biggest hack since you're not a FL resident is to use a 2nd home loan with only 10% down to buy something. I just did this for an investor in NY for a 2.5 million dollar STR on Indian Rocks Beach and it grosses 400k per year. In his situation, he only needed about 250K plus closing costs as his entry point and he will net more than his very first year.

So your 80k will get you a 700k home which will easily gross over six figures.

@Sam Chicquen

Look into property taxes for Texas, most counties have an average 2.8% tax rate. So a 1 million dollar house is almost 30k in taxes in Texas. Even in the nicest neighborhoods in Tampa, a 1 mil property tops out at about 12k.

If you need assistance with mutlifamily, I have a rolodex of trades and project managers that can manage it efficiently for you remotely.

@Brenton Rodgers

PM me and I will give you my hard money guy in Tampa.  Fast pre-approval and quick closings for flips.