With determination and a skilled team, we transformed the property into a beautiful rental.

The house had incredible potential, and I knew that with a little creativity and hard work, we could transform it into a haven for our furry companions.

The house had incredible potential, and I knew that with a little creativity and hard work, we could transform it into a haven for our furry companions.

Tampa, the main seat of Hillsborough county, has seen a cool off just like the rest of the country and getting a 4 unit in that price range is attainable.I know you are in Clearwater but I am I am bullish on Tampa because of Bill Gates multi billion dollar investment into downtown Water Street and the GasWorxx projects, both are transforming large swaths of the downtown and the urban core.Feel free to reach out with any questions!

Purchase price: $72,000 Cash invested: $83,600 Sale price: $225,000 The biggest transformation yet!

Check with the city or county to determine what is required for all approvals including site plan and building permits, proffers, water/sewer tap fees, bonding requirements, inspections and CO process and time frame for all approvals.You also need to check with the utility companies and get an idea of availability and cost estimates from them for water, sewer, power, gas, cable, installation and connection requirements, tap fees, hookup charges, transformer location and relocation, power line and power pole relocation issues.Check to see if you have to install any manholes, fire hydrants, curb, gutter, sidewalks, street signs, street lighting any specific street design or access requirements,.Check DOT requirements for access, stop lights and permits, traffic studiesDWQ requirements for permits, permit fees, time framesThis is a broad overview of the process and your civil engineer can handle all of this but it's good for you to know exactly what's required.

Some of the neighborhoods that are currently experiencing revitalization and have become popular areas for real estate investment include:West End: A historic neighborhood with Victorian homes and a growing commercial district.Kirkwood: A family-friendly neighborhood with a mix of historic and new construction homes and a vibrant commercial area.Reynoldstown: A former industrial area that has been transformed into a trendy residential neighborhood with a popular Beltline trail.Edgewood: A neighborhood that is seeing rapid growth and development with new retail, restaurants, and residential properties.Old Fourth Ward: An area that has seen significant investment and development in recent years, with a mix of historic homes, new construction, and popular attractions like the Atlanta Beltline and Ponce City Market.When investing in gentrified areas, it's important to consider the potential for future growth and development, as well as the current demand for rental properties.

The wild card for me is I'm thinking of building a duplex which would allow me to get rid of my lowest potential properties and transform that capital into my highest performing properties.I have almost a remaining 300K in tax losses from 2008 that I can basically sell property tax free and not have to do a 1031 into an existing property which gives me some options.Again, being debt free gives you options.GLTA 

I agree, it is a great feeling when you get to see someone's eyes light-up as they learn how investing in real estate truly can transform their financial situation. 

For example, is there a two or ten-year method to transform Detroit into a highly desirable location to live in?