I'm a former resident of Tampa who moved out of state to MA a few years ago. I still hold some assets in the Ybor area, but I am looking to get into small multi-family properties (6-20 doors depending on opportunity). Interested in Tampa area as well as Orlando / Kissimmee.
I'm looking to connect with investor-friendly realtors who are currently working these kinds of deals. My focus is going to be on cashflow with a secondary emphasis on appreciation, probably following the standard formula of looking for upgrade opportunities, such as C quality properties in B areas and then upgrading units to increase NOI.
Would love to hear how the market is these days for small multi-families in the area. All insights appreciated and starting dialogues with realtors / wholesalers with this kind of focus is -most- appreciated!
@Damon D. I see from what you write that you seek value add. Can you confirm this?
I would be happy to help you purchase a good multifamily investment property. Since you are looking for more than 4 doors, you will be in the commercial realm. This will make choosing a broker, financing, and your due diligence more difficult than a residential property. What information can I get for you so you can get started ?
Being out of state now, I don't have a great gut sense of which markets are over-heated vs still good value. I think I'd love to start taking a look at some smaller available multi families just to see what's available. 6-10 units sounds like a good start. Obviously, rental history and repair history of any such properties is a must.
My investors and I have done these types of deals over the past several years and had a lot of success. If you have any questions, I am more than happy to help.
Hey Damon - I am also interested in Multi-Family units in the Tampa/Kissimmee area. Would like to keep in touch to see how things pan out for you! Best of luck!
Would love to learn more. I'm researching the market there right now and would love to take a look at some opportunities.