Tampa Florida as out of state investor real estate ?

[Liz C.]

Hi all , I have been investing on New Jersey market in past 3 years , recently Oman to invest Tampa Florida . The rechearch I did online was very mixed some say is great area to invest other says no so good because is over priced already . For those you know the market what do you think of investing Tampa Florida ? ROI and appreciation. ? Is the population still growing is it landloard friendly ? Thank you!

[Alfredo Diaz]

Good Morning Liz,
We have one rental in the Seminole Heights are and it was VERY easy to rent. This was our primary residence and we moved out a few months ago. We did not intend to use it as an investment, but our PITI is about 1800 and we are renting it for 2250. So after cap expenses and maintenance cost there is not much of cash left. the Seminole Heights is a very up an coming area but it’s hard to find an affordable deal.... lots of construction going up in any parcel they can find, regardless how small the lot.

We actually just started doing some research on the market this week for a multi family under 150k. So I’m curious what others think would be a good area to invest.
Take a look at the Wesley Chapel area, it’s about 25 minutes north of Tampa and is growing rapidly.
From our initial research, it seems like the Tampa area jobs and population is expected to continue to growing for the next few years, and it would be a good area to invest in this high market. I personally have not seen very mixed review...but this is just our initial research ... and disclaimer, we are still part time newbies.

What type of property are you looking for if you don’t mind me asking? If we come across anything we can send it your way.

All the best!

Alfredo