I would look into Tampa I have been investing in Tampa for the past 20 years.
Tampa continues to rank as one of the best cities in the U.S. for real estate investing, with a booming economy and strong job growth, along with affordable investment properties featuring generous cash flow and equity growth.
Here are 5 top reasons why Metro Tampa Bay is one of the strongest real estate markets for real estate investing in the country. They include:
Investment Property Affordability
Cash Flow and Equity Growth
Tampa’s growing economy is largely a result of a city government that advocates for economic development that has furthered a real estate investment boom, making Tampa one of the most popular destinations for millennial entrepreneurs. So much so, these entrepreneurs are called “Tampreneurs.”
Tampa has the diversified economy millennials seek, led by financial services, STEM-related occupations, health care, research, education, tourism, retirement, and military bases all making significant contributions to jobs and growth. The local economy is worth about 130 billion dollars, putting Tampa Bay among the fastest-growing metros in the country.
Furthermore, businessmen Jeff Vinik, owner of the Tampa Bay Lightning hockey team, and Bill Gates have partnered to invest in Tampa. Together, they formed Strategic Property Partners, the driving force behind downtown Tampa’s most ambitious redevelopment project, Water Street Tampa. This nine million square foot multi-use project on the Tampa waterfront will consist of commercial, residential, educational, entertainment, cultural, and retail space. The total investment will exceed three billion dollars.
All good points @Jorge Vazquez
Thanks @Jorge Vazquez . What areas in Tampa is still good for cash flow?
@Vanessa Li avg prices are up 20% over the last year, whereas rent is "only" up 7%. So it isn't as easy to find a solid rental but I've found being quick to act and having creative vision really helps.
Originally posted by @Vanessa Li :
Thanks @Jorge Vazquez. What areas in Tampa is still good for cash flow?
East Tampa, Seminole Heights, Sulphur Springs, South St Pete. A little more up north Pasco and Polk county. 20 years of investing in the area.
@Jorge Vazquez Thanks. It's very helpful. I will check out these neighborhoods.