All Forum Posts by: Mike DeBuccio Jr.

Hey BP World!

I would like to get some feedback from investors around the country. 

When planning to get into an investment property would you rather:

1. Get into a full rehab project that may take a few months, has a higher risk, but will get higher return on your investment

or

2. Get into a project that is strictly cosmetics, get in and out of the property quick, lower risk, and smaller return on your investment. 

Looking forward to a good conversation on here!

@Graham Williams

Hey Man! I work down in Tampa Fl as a wholesaler. A lot of my rental investors use Sherman Bridge Lending, they offer a good refinance program and competitive rates. If you're interested let me know and I can set you up with one of the loan officers over there!

Mike

Hey Miguel!

I'm a wholesaler down here in Tampa Bay, and get about 30-40 properties a month throughout Hillsborough and Pinellas county. I think I would be able to add some value to your search for off market investment properties. I'll shoot you a PM man!

Hey @Michael Montesino,

Down here in Tampa you would be able to work with 30K and a hard money lender on smaller purchase price SF properties. I will PM you to see if I can answer any questions for you man. 

@Will Crayger Welcome to BP brother,

Looks like you are heading in the right direction!

Continue hitting those networking events, they have definitely helped me expand my professional real estate network down here. I attend a bunch every month.. this Thursday is the "Florida Real Estate Shark Tank" at Tampa Hilton Westshore 6pm. Usually a pretty good turnout for sure!

Also, you referenced looking for deals on the MLS. In such an active market, it is hard to find any good deals on market. I can help you gain access to multiple off-market properties a month in Tampa Bay.. along with assist in rehab estimates, competitive market analysis, etc. If I can help you out in your search for investment properties/answer any questions you may have, lets connect and discuss further.

Best of luck!

Hey @Garrett Sanford,

I completely agree with @Ellie Perlman! If you look at past and projected job/population growth statistics in Tampa/Orlando, they're astounding. Also many people seem to overlook Lakeland in-between Tampa and Orlando.. its another hot market to definitely keep in mind. But since you are located down here in SW Florida, I wouldn't give up your search for multifamily properties here just yet. 

http://www.tampabay.com/news/business/Tampa-Bay-ar...

Don't let the bad deals that you are seeing discourage you.. there are definitely multifamily deals out there. If you'd like to chat I'd like to pick your brain and hear more about your future investment strategy. 

Goodluck my man!

Hey @Christian Beebe

100K in cash has you sitting pretty nice with a bunch of opportunities ahead. If I were you, I would look into leveraging that cash and maybe getting into a project or two for "fix&flips". You can use hard money to leverage your cash, and if you find the right projects you should be in and out of rehab in 2 months with the properties on the market for resale. 

Quick easy ROI as long as you have the right team that is reliable and sticks to your time frame.

Hey guys,

I'm a wholesaler out of Tampa/St. Petersburg. There are definitely deals to be found in these markets, Tampa in particular we get about 15-20 properties a month. But we are also currently expanding into Polk County (Lakeland area).. There are so many deals out there for the taking, and it seems to be a pretty untapped area that investor have an interest in. 

For those who do not know, Lakeland is between Tampa and Orlando. Its definitely a hot area for rentals, and there are also plenty of fix&flip plays. 

If you're looking for investment properties I'm sure I can provide value to your search down here!

Hey @Account Closed for property management for sure. 

There are a lot of good deals around the Tampa/St. Petersburg/Clearwater area, you just need the right person/team to provide them for you. What kind of deal are you looking for? Multi-Family, Single Family? What is your investment strategy (Fix&Flip/Buy&Hold).

I'd love to chat more to see what your future plans are for investing. 

Mike

Hey @Michael San Roman,

Florida overall is a great spot for investing right now. Along with Jacksonville, I would most definitely check out the Tampa Bay area. I moved down here because of the crazy amount of growth going on in this city.

Both cities growth statistics are pretty similar.

Down here in Tampa, the most desirable areas for fix and flip, or buy and holds are definitely South Tampa, Tampa Heights, Ybor City, Seminole Heights, Carrollwood, Temple Terrace, and a few more. Key factors are major projects that have been approved by the city such as a 21.5 million dollar project in Tampa Heights, next to UT. Currently under construction is a waterfront community right on the Hillsborough River, including Amateur Works (dining and bar scene), apartment complexes, event halls, and commercial business offices, ect.

http://www.tampabay.com/news/business/realestate/t...

Jeff Vinik and Bill Gates have also began a plan to invest 3 billion dollars into rejunivating the city, which in result is increasing the values of all the suburbs surrounding the city. Along with attracting many new residents to the area. 

If you want to chat about the market down here let me know man.

Mike