Question about investing in Tampa Florida

8 Replies

Is Tampa too over valued now to invest? Was seriously considering picking up some single family homes however, I think it looks like there was a huge run up in property values in the last year.

You have to buy right and cannot pay FMV with the expectation of profit. I have a friend that is an agent in the area and he consistently buys good deals and makes great money.

Thank you for responding John.

John Thedford, can you pass on your friends info, tampa is an area im looking into moving to, id love to talk to a seasoned agent and investors in hat area. 

Not good place for deal now. Ohio has a lot high ROI deals

@Laura greany

"Is Tampa too over-valued"

No. Right now it's at the level of stable.

You'll be hard pressed to find fantastic deals, but the market is nowhere close to over-valued but rather it is at - value.

I.e. Adjusting for inflation, Tampa is currently around where prices were prior to the 08 crash.

Whereas most of the county is currently above pre crash levels - there are a few markets that are finally pushing past that line.

Originally posted by @Eric Delcol :

@Laura greany

"Is Tampa too over-valued"

No. Right now it's at the level of stable.

You'll be hard pressed to find fantastic deals, but the market is nowhere close to over-valued but rather it is at - value.

I.e. Adjusting for inflation, Tampa is currently around where prices were prior to the 08 crash.

Whereas most of the county is currently above pre crash levels - there are a few markets that are finally pushing past that line.

 Eric, (or anyone for that matter) can you define your idea of fantastic vs acceptable deals? I'm trying to re-calibrate coming from the San Diego market.

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