Best county to invest in Tampa-metro

Real Estate Agent · Saint Petersburg · Member since 2023 · 48 posts · 19 votes

I currently live in saint Petersburg what's the best county to invest in in the Tampa-metro area ?either for a fix and flip or a fix and hold for long term investment .

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Abel CurielBusiness Member

Real Estate Agent · Queens, NY · Member since 2016 · 2k+ posts · 1k+ votes

Hello @Edgar Sanabia!

I'd recommend reaching out to @Jeremy Haley who lives and works with investors in the area!

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Abel CurielBusiness Member
Real Estate Agent · Queens, NY · Member since 2016 · 2k+ posts · 1k+ votes
3y
Hello @Edgar Sanabia!

I'd recommend reaching out to @Jeremy Haley who lives and works with investors in the area!
REbuild Team - eXp Realty5239 Reviews
Website View Page
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Jeremy Haley
Real Estate Agent · Clearwater/St Pete · Member since 2023 · 2 posts · 2 votes
3y
Hi @Edgar Sanabia,

Thanks @Abel Curiel! Lately, I've been running numbers for fix and holds in Tampa and Pinellas and both areas are about equal on the properties I've analyzed with Triplexes usually winning in cashflow over duplexes and quadplexes. I've ran a few on SFH, but lately they haven't made sense over 2-4 door properties, but they are out there. For short-term rentals though, if it's fixed up nicely with a beach feel, Pinellas usually gets better rates, even if it's not particularly close to the beach.
Hope this helps!
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Dan Maciejewski
Realtor · PInellas County Largo, FL · Member since 2016 · 902 posts · 810 votes
3y
I would definitely say in your backyard - in Pinellas. It may be harder to get a "deal" but we are bringing in more and more higher paying jobs and housing is in high demand. And with our lack of buildable area, we shouldn't see any major drop in prices anytime in the future.
There are a ton of fixable opportunities, too.
The city of Tampa still looks good, too!
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Luke Rorech
Real Estate Agent · Greater Tampa Bay · Member since 2017 · 392 posts · 290 votes
3y
@Edgar Sanabia
Pinellas County is a solid choice. With recent appreciation over the past 24 months, not a lot of properties pencil. What's nice about Pinellas though is that you have the option of single family homes as short term rentals and more small multifamily properties (2-4 units) than anywhere else in Florida. So you have some options.
Pasco County is also showing a lot of promise long term as people look for more affordable housing solutions.
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Edgar Sanabia
OP
Real Estate Agent · Saint Petersburg · Member since 2023 · 48 posts · 19 votes
3y
Quote from @Dan Maciejewski:

I would definitely say in your backyard - in Pinellas. It may be harder to get a "deal" but we are bringing in more and more higher paying jobs and housing is in high demand. And with our lack of buildable area, we shouldn't see any major drop in prices anytime in the future.
There are a ton of fixable opportunities, too.
The city of Tampa still looks good, too!

thank you , I agree I'm leaning towards Pinellas I just wanted a second opinon.
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Edgar Sanabia
OP
Real Estate Agent · Saint Petersburg · Member since 2023 · 48 posts · 19 votes
3y
Quote from @Jeremy Haley:

Hi @Edgar Sanabia,

Thanks @Abel Curiel! Lately, I've been running numbers for fix and holds in Tampa and Pinellas and both areas are about equal on the properties I've analyzed with Triplexes usually winning in cashflow over duplexes and quadplexes. I've ran a few on SFH, but lately they haven't made sense over 2-4 door properties, but they are out there. For short-term rentals though, if it's fixed up nicely with a beach feel, Pinellas usually gets better rates, even if it's not particularly close to the beach.
Hope this helps!

Thank you .
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Daniel Apke
Investor · Greater Cincinnati · Member since 2018 · 25 posts · 12 votes
3y
I live in St. Pete as well! The key is to buy at the right price in such a hot market. I personally love the St Pete market. Rental demand is strong here and prices are a little more affordable than markets like South Tampa etc. The cash flow will be lower in a market like this due to high buy prices. Example a 400k 3/2 house may only yield 2,500/month which you'll be in a negative cash flow situation. Like most investments, the key is buying at the right price.
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