Strategies in Tampa Market

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Strategies in Tampa Market

Alec Strahl
Rental Property Investor · Tampa, FL · Member since 2015 · 23 posts · 19 votes

Looking to pickup my first rental property in the greater Tampa area. I finally have enough money to invest but struggling with this current interest rate environment and inflated prices in Tampa. I have about 75k to invest. Does anyone have any advice on approaches when it seems that cash flow is non existent? Should I just continue to stockpile cash until I can put like 50% down on a property? Any local realtors in the area that specialize in investing that would be willing to connect with a potential investor like myself?

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Katie Southard
Member since 2024 · 46 posts · 22 votes
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Following as I'm interested in this market as well. Slightly less cash, but a home in CO with equity that i need to sell by July 2026 to avoid cap gains with roughly 200k equity (as of now at least).

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  • Mick Pristas
    Real Estate Agent · Member since 2021 · 62 posts · 15 votes
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    Hey Alec, I have succesfully bought and cashflow on multiple properties here in Tampa all within the last 2 years. I would reccomend the BRRRR strategy, I like West Tampa in Hillsborough or Lealman/south st. Pete to cashflow. I would section 8 rent these to get the max cashflow. I can help you if you need

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  • Jorge VazquezBusiness Member
    Real Estate Broker · Tampa, FL · Member since 2017 · 1k+ posts · 679 votes
    1y

    Hey Alec—welcome to the Tampa market. I’ve been investing here for a long time (20 years) , and I get the frustration. High rates and inflated prices make traditional rentals tough right now. But there are still smart plays out there.

    With $75K, you’ve got room to work with. My team just locked in two deals with seller financing—one at 5% and another at 4%—both with low down payments. These kinds of creative deals can make the numbers work when conventional financing doesn’t.

    Subject-To and seller finance are real tools in this market. Might not be on the MLS, but they're out there. Happy to share more if you ever want to kick around ideas.

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  • Katie Southard
    Member since 2024 · 46 posts · 22 votes
    1y

    Following as I'm interested in this market as well. Slightly less cash, but a home in CO with equity that i need to sell by July 2026 to avoid cap gains with roughly 200k equity (as of now at least).

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  • Alec Strahl
    OP
    Rental Property Investor · Tampa, FL · Member since 2015 · 23 posts · 19 votes
    1y

    @Jorge Vazquez Would love to have a conversation with you. Can I give you a quick call sometime? Seller financing in this market definitely seems like a good play. Cash flowing 7% deals is just too hard to find now even with the influx of new inventory.

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  • Nick Velez
    Lender · Member since 2019 · 250 posts · 219 votes
    1y

    @Alec Strahl

    A good portion of your basic LTR's from the MLS won't cash flow in todays environment but if you are willing to be creative, theres an endless amount of ways to still successfully invest. I personally like STR's which will require a bit more cash but one of my properties was still cash flowing with a 10.375% rate. In my local market of Gainesville, I have investors purchasing on market properties near the university and cash flowing with rent by the room models.

    Tampa is one of my favorite Florida markets right now and theres plenty of good deals to be had. I would connect with an investor friendly agent like @Josh Green who can run you through all of your options based on your financial position. 

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