Updated about 10 years ago on . Most recent reply
Newbie looking to invest in Multi-Family in Tampa area
Hey everyone!
My boyfriend and I live in Queens, NY and are looking to make our first real estate investment purchase. My parents own a home in Lakewood Ranch (near Bradenton) but most of the properties there do not meet the 1% rule. We are now looking in the broader Tampa area and are trying to decide which areas are the best to both generate a positive cash flow and hopefully see some appreciation.
We are looking for a multi-family and to stay under $150,000. All advice is highly appreciated!
Melissa
Most Popular Reply
you will only find multifamily in bad areas for that amount of money in the tampa area. Even St Pete would be a tough sell at 150k. Doug Marriott could help you locate MF in St Pete, he is very familiar with that area.
Tampa does not have a large amount of multifamily 2-4 units. The ones they have are either in bad areas or very high priced areas. I am closing on a duplex right now, but its upwards of 300k, in a desirable area.