New investor in St. Petersburg

New investor in St. Petersburg

Saint Petersburg, FL · Member since 2017 · 11 posts · 6 votes

Hey everyone, I just wanted to say hi and introduce myself in the local Florida forum. My name is Jenna Michael, I'm 28 with a degree in entrepreneurial business management and a degree in photographic arts. I recently moved from Hobe Sound to St. Petersburg in 2017 and absolutely love the area. I have had a passion for real estate since I was a kid and just recently ponied up the money for a pro membership on BP as I plan on taking REI seriously. Currently I am saving up, running numbers (to the best of my ability), and plan on making my first real estate investment in 2018. At the moment, I am currently looking at the BRRRR method / renting out single family homes as there just really aren't very many multifamily option in the area that I have found.

I have a lot of beginner questions so if they seem silly its just because this is pretty new and I am trying to learn. I am very interested in networking locally and in the BP community with hopes of finding a mentor in real estate. I am interested in finding a job in the real estate field as well so if anyone has something please feel free to PM me about it. Look forward to learning from you all and hopefully contributing some useful info as well!

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Riverview, FL · Member since 2018 · 2 posts · 1 vote
8y

Hi @Joseph Mattucci,

Im new here myself and looking for my first investment property in Tampa. Good luck to you!

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  • Raymond J. RodriguesBusiness Member
    Lender · Miami, FL · Member since 2017 · 1k+ posts · 797 votes
    8y

    Hello @Jenna Michael and welcome to bigger pockets. I went to school over in St. Petersburg, Florida and have a degree in Business Management/Administration from USFSP. I moved back to Miami two years ago but St. Pete is home to me.

  • Residential Real Estate Agent · Tampa, FL · Member since 2014 · 177 posts · 122 votes
    8y

    You are going to learn that there is ridiculously low inventory in the Tampa/st. Pete Market.  Finding deals is definitely the hardest part. As you correctly me too ed, there isn't a lot of multi family properties here, single family rentals do fantastic here (I have 6 of em) but conventional mortgage rules make it difficult to purchase when you surpass 4 mortgages.  

    Good luck!

  • Investor · New Port Richey, FL · Member since 2017 · 13 posts · 4 votes
    8y

    Welcome @Joseph Mattucci

    I’m wondering how everything has progressed since your post!

    There are a certain number of tough facts in the market right now – prices are rising, the economy is in change & since multifamily became so fashionable there is scarcity.

    Money fortunately can be made in a wide variety of ways. I think you will succeed with the following: Hard work, willing to take risks, don’t follow the herd, use leverage carefully, and learn as much as possible esp. here on BP. 

    If you ever wish to swap notes reach out to me maybe we can do a deal in 2018!

  • Riverview, FL · Member since 2018 · 2 posts · 1 vote
    8y

    Hi @Joseph Mattucci,

    Im new here myself and looking for my first investment property in Tampa. Good luck to you!

  • Real Estate Broker · Tampa, FL · Member since 2018 · 13 posts · 4 votes
    8y

    Hi @Joseph Mattucci ! I moved here about a year ago from Miami Got my license and I'm loving Tampa, pm me if you have any questions.

  • Mountain View, CA · Member since 2018 · 4 posts · 4 votes
    8y

    Love Tampa, should be back there with work in a few months.  Places to visit, Ricks on the River, if you drive there it is through the c or d neighborhood, but the water taxi will take you right there.  Things to do, The water taxi.  I actually saw a 4 plex in Indian Rocks, west of St. Pete. It is on the intercoastal, they wanted 950K, i do not think it would cash flow at that price though.

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