Tampa submarkets buy and hold for OOS investor
2 Replies
Gordon D.
Rental Property Investor from Southampton, NJ
posted over 1 year ago
Hello,
I am an OOS investor looking for buy and hold properties in the Tampa submarket. I have one property so far in Valrico.
I am in Tampa looking at some properties in North Riverview. There are a lot of new construction projects happening there. Are there any other investors that do buy and hold in Riverview?
I wanted to get some input on the rental market and thoughts about future growth of that area. I noticed there is a new mall planned for the South Riverview area as well. Would you invest in Riverview or are there other submarkets you'd recommend?
Thank you
Johnny Heiss
Specialist from Tampa, FL
replied over 1 year ago
@Gordon D. Glad you are looking in the Tampa submarkets. They have great value and upside potential with a lower initial cost.
As far as the rental market- I think you are looking in the right spot. The rental market in the Riverview/Valrico/ClairMel is awesome. I have a client that recently purchased a duplex in Riverview, put some lipstick on it, and already has one side rented out. He is very happy with his decision with a long term hold in Riverview.
Let's connect and talk more about this. I have plenty more insight.
Johnny Heiss
Jeremy Kloter
Real Estate Broker from Tampa, FL
replied over 1 year ago
@Johnny Heiss good to see you in here lol! Johnny is a great guy and yes the market is good. I grew up about 15 minutes from there and know the area well. We're leasing properties pretty quickly down there and its still within 30~ minutes to Tampa and other surrounding areas that are going through massive changes. It is also still a relatively short drive to beaches and such without a stout price tag. Happy to chat more just message me.