All Forum Posts by: Solomon Stavis

Hello, I'm looking to buy my first SFH in the Great Tampa Area. My price point is around 150K. Do you think it's better to buy now or wait a year to see if prices start to cool off?

Hello! My name is Solomon and I'm interested in buying SFHs in the Tampa and surrounding areas. Any ideas of good neighborhoods in the Greater Tampa Area for SFH for under 150K value?

My goal is to purchase my first SFH in an area that demonstrates both some upside as well as cashflow. Since this would be my first purchase (hopefully more to come), I'm not trying to do anything to fancy regarding rehab.  For my first purchase, I'm mostly interested in something that is near turnkey ready (maybe it needs a coat of paint) so I can learn, build relationships and then launch into more complicated structures such as BRRR. 

Thanks for your help!! 

Thank you @Tom Parris and @Brian Holt! 

Brian, I would love to chat and hear your thoughts on why you are looking to branch out of the Tampa area! Is this mostly to diversify your portfolio and take advantage of a new market?

Tom, I completely agree that it's very important to get a clear understanding of my goals and to develop a long-term strategy that can get me there. This is what I'm working on now. I'm new to this world but my current thoughts are it will likely be a combination of BRRR and house flipping with a focus on 100K single-family homes in the Tampa and Lakeland areas. I chose single-family homes as their appreciation tends to be strong, and I won't have to compete with the more experienced multi-family buyers who can come in with cash and get the best deals. As for condos, I admit havent spent a lot of time researching them mostly because of the HOA fees which cut into the cash flow. However, I agree though that the younger generation is flocking to them for the many services they provide!

Hello BP community! 

This year, my soon to be wife and I are looking to invest out of state. Our goal is to buy our first investment property in the Tampa or surrounding area. Her family lives in Lakeland FL and is also into real estate which provides some comfort.

I have a steady job and make good money but I’m quickly realizing I’ll never have financial freedom unless I take action. I’m investing out of state since I live in Washington, DC and the price to rent ratio is really low; hence my focus on Florida where there seems to be a lot more opportunity.

Since this is my first investment property, I'm debating between keeping it simple and buying a turnkey property that will help me learn the ropes or taking a bit more risk and doing a BRRR.

So wanted to reach out to this amazing and helpful community to see if you'd have suggestions, resources or advice that you've worked with before based in the Tampa or surrounding areas?

I have saved around 20K and putting 1K away each month. Hoping to take the plunge in the fall or early next spring.

Thank you!!