All Forum Posts by: Miguel Lozada

📍 Tampa, Fl 33603

Attention developers and investors! We are excited to present a one-of-a-kind development opportunity in the highly sought-after La Vergne neighborhood of Tampa. This expansive lot offers immense potential for creating new homes in a prime location.

🔹 Property Details:

• Price: $250k
• Property Type: Residential (RS-50)
• County Land Use: 0100 (Single Family Residential)
• State Land Use Code: 001
• Lot Size: 0.351 acres (15,275 SqFt.)
• Subdivision Name: La Vergne 1st Addition
• School District: Hillsborough County
• Municipality: Tampa

🏗️ Development Potential:

The existing structure on the property has succumbed to fire damage, but the land itself is a blank canvas for your vision. Zoned RS-50, this lot allows for the construction of two new single-family homes. With over 15,000 square feet of space, you have the flexibility to design and build according to your preferences.

🌟 About the Neighborhood:

La Vergne is a well-established and desirable neighborhood in Tampa, known for its charming homes and tree-lined streets. The area offers a peaceful residential setting while being conveniently located near shopping, dining, entertainment, and major roadways. Families in the neighborhood are served by the Hillsborough County School District.

💡 Create Your Masterpiece:

This is your chance to contribute to the beauty and charm of the La Vergne neighborhood. Whether you envision building luxury homes or modern family residences, this property provides the perfect foundation for your next project.

Don't miss out on this rare opportunity to acquire prime real estate in Tampa. Contact us today to learn more about this property and how you can take advantage of this development opportunity!

📞 (914)318-5890

📧 [email protected] (just like that)

#TampaRealEstate #DevelopmentOpportunity #LandForSale #LaVergneTampa #RealEstateInvestment #TampaDevelopers #BuildYourDream

Well said!

I'm almost done with David Greene's book on Long Distance investing... he has some great insight on interviewing & working with contractors.

Once you get more information about the property, such as the expected purchase price and reasonable estimates of the rehab budget and the ARV, you should then reach out to some local pro's like @Abel Curiel. Experienced professionals will let you know if the deal has any flawed assumptions and if there's room in the deal for your exit strategy. 

If the deal looks good to your realtor, then it's time to look at financing. If you have a decent credit score and some cash liquidity, then you'll have no trouble finding a rehab loan. My pro tip for finding a good broker or loan officer is to reach out to several sources, but go with the guy who returns your calls and knows his stuff when you ask questions. 

This goes for contractors as well. Start establishing those relationships by emailing them pics of the property and ask for their input on rough budget and scope of work. 

Best,

Hey @Miguel Lozada

I agree with @Moe Ibrahim, you want to build a relationship with the owner/potential seller since this will be the toughest part of the deal. The analysis, pricing, marketing and buyer negotiation will be easier tasks once you have the trust of the owner.

First thing you want to find out is if they have considered selling their property. Many will say "no" which is fine. One of your objectives will be to find out what their motivation is for holding onto the property or potentially selling. You also want to find out where they would go if and when they sell. Then you want to dive into their timeframe for potentially off-loading the property. 

All of these data points (desire to sell, motivation, plans after selling, timeframe) will help you determine how often you'll need to follow up with them until they ultimately decide to sell.

Most homeowners require several follow-ups (usually around 8-10) before they take the next step with a Realtor or Wholesaler.

In the meantime, you want to establish a rapport by finding out about what is important to them and genuinely caring about them and their situation. 

Hope this helps!

Abel

This definitely seems like a great way to "drive for dollars" while you actually complete your own job.  Defintely give MGMT a call, and sign up for a service where you can find the owners contact information and try calling/ emailing/ texting them.  Have you gotten your preapproval/ purchase documents in order?  If you submit them an offer early on that will grab their attention and increase their chances of responding.  Just curious what areas of the Bronx do you usually cover?  I own a few investment properties in the South Bronx and have cash flowed very nicely

This sounds like an opportunity to drive for dollars while getting paid for your other job as well. If you see a home that looks neglected and needs some work then write it down and look it up when you get home. Find out information on the owner contact, run the comps in the neighborhood, figure out what number makes it a deal, and call the seller. Getting the seller is the hard part,  but once you have it under contract all you have to do is find a buyer and if you got a deal that won't be hard! By the way, I'm not an expert, I'm just a guy trying to give friendly advice!

@Miguel Lozada have you tried calling these management companies and asking them about the properties?