TJ global Investmenting in tampa
Investor · Tampa, FL · Member since 2016 · 12 posts · 1 vote
TJ global Investmenting in tampa
9 Replies
- Property Manager · Calgary, Alberta · Member since 2015 · 41 posts · 9 votes10y
@Paul Hutton did you ever find anything out about this group? Interested to hear about them.
- Investor · Tampa, FL · Member since 2016 · 12 posts · 1 vote10y
yes i went and met them at thier office in tampa last week and we went on a tour of some properties in hudson and port richey to get a feel, also some face to face time to get a gut instinct on the people. i never felt pressured or got a bad feeling and my gut never lets me down. They work hard so you dont have to and be a passive investor with prop managers and renovators in place already. the properties they show me offer about 10% cap rates and are turn key for 50-60k I am going to buy one this week and another shortly as they come up for me to review and either pass or accept as i feel comfortable. these properties are primarily desigend for the buy and hold investor as flipping in the hoods they buy in are not upscale but what i would called washed blue collar neighborhoods. I did some city data records searches of the areas and they are predominantly white single family areas with no shell casings or dime baggies on the ground.in fact the first house i am buying is a cottage style on a dead end street and would even stay in it myself.hopefully tampa will continue to grow and clean up and this will work itself out for me over the long term. next question is how to defer any taxes from the income i get because i am a foriegner?
- Real Estate Investor · New Smyrna Beach, FL · Member since 2014 · 15 posts · 1 vote9y
Hi Paul
Wondering if you have any update of your experience working with or purchasing an investment home with TJ Global? Wondering if you thought it was a good deal, would you buy another?
thanks
Scott
- Investor · Tampa, FL · Member since 2016 · 12 posts · 1 vote9y
hey Scott sure and I have one in Tampa available if your interested. It needs some rehab now that i dont have time for so im selling it for what i have i it. I will be looking for something less work and smaller return as a result to to my time constraints but this one is in a good neighbourhood,no multi-tenent nearby, called belmont heights area of tampa. Look up the address on maps 3425 e powhatan ask is 43k. as far as purchasing from TJ they send offers to you can accept or decline and keep checking your inbox every once in awhile i can update you further if i hear back
- Investor · Tampa, FL · Member since 2016 · 12 posts · 1 vote9y
ok an update after my first purchase. I was sold a lie like its great needs a liitle work it will go fast, so I jumped in as it was rented already albeit for 550 for a 2 bedroom house in Tampa,poor area. Tenant moves out no notice 90 days after I close. I drive down to see what rehab I am going to need and the place is a teardown, paid 35000 plus 6k for homes 4 income finder fee. It has extensive termite damage wavy floors all windows don't work it needs about 20 k in rehab which will put me under water for the values in the area. homes 4 income insists its a good buy can make money, a different realtor for the area is shaking his head at me for my stupid. I think it best to say homes4 income has their interests not yours in mind when they push their "finds". based on this experience I would give them a d- rating your better off working with a local realtor which I have now for my next 2-3 purchases
- Property Manager · Calgary, Alberta · Member since 2015 · 41 posts · 9 votes9yWow - That's shocking really. Sorry to hear things didn't go better. Why would anyone who does turn key put their customers in a poor neighborhood...? Unbelievable! Hopefully they are not selling this vision to other unsuspecting investors. That would be terrible.
- Investor · Tampa, FL · Member since 2016 · 12 posts · 1 vote9y
update.Since the tenent moved out on nov 30 i have had one break in with a squater and one home invasion at this address.when i sent the painter over for a quote he said it looked like someone was living in it. I dismissed that back in mid december. then in early jan i sent a flooring guy to look and he said a naked man jumped up off an old mattress he was on and made some explanation as to why he was there. It was then i decided to get in my truck and drive down to see for myself. I arrived to find a 18 yr old kid in the place he admitted to staying there over a month. After hearing his story i allowed him to continue to stay until the reno work begins then he would have to move on. I have been loading materials for the crew that is coming feb 1 but someone in the neighborhood must have seen it because at 6 am this past saturday there was a home invasion by 2 men who slipped in thru a bedroom window to try and steal my materials. There was a struggle between my guest and the intruders and he managed to fend them off.I assumed the intruders thought the place was empty. I am glad he wasnt hurt only a few razor scrapes on his forearm and some blood spattered on the door and walls, and by being a good samaritan to him in return he was able to save me from losing about 8 windows and some other materials I had stored there. I have also been giving him food money and trying to employ him cleaning as the prior tenant had a dog and did not use a clean cloth in over 10 yrs so we are scrubbing everything down so hopefully the paint will stick. Being from Canada we dont experience these types of nocturnal activities and i am unprepared for this type of invasion of home and privacy. I am just anxious to rehab it and rent it to people who can handle this sort of thing or wont be victims because they are just as tough as the criminals who try to take advantage. Next time when i buy i will drive the neighborhood first before making a decision , I will most likely need to buy extra insurance for this one. My next purchase will not be in east Tampa I am looking farther north now.
- 9yJorge VazquezBusiness MemberReal Estate Broker · Tampa, FL · Member since 2017 · 1k+ posts · 679 votes
Originally posted by @Paul Hutton:
ok an update after my first purchase. I was sold a lie like its great needs a liitle work it will go fast, so I jumped in as it was rented already albeit for 550 for a 2 bedroom house in Tampa,poor area. Tenant moves out no notice 90 days after I close. I drive down to see what rehab I am going to need and the place is a teardown, paid 35000 plus 6k for homes 4 income finder fee. It has extensive termite damage wavy floors all windows don't work it needs about 20 k in rehab which will put me under water for the values in the area. homes 4 income insists its a good buy can make money, a different realtor for the area is shaking his head at me for my stupid. I think it best to say homes4 income has their interests not yours in mind when they push their "finds". based on this experience I would give them a d- rating your better off working with a local realtor which I have now for my next 2-3 purchases
Thanks Paul for updating your initial post after our meeting. I think we clarified the nature of our process and Im very glad you will continue working with us and look forward to more properties coming down your way (or up since youre in Canada!). Glad to have you as one of our VIP Clients.
Graystone Investment Group4.6268 Reviews - 9yJorge VazquezBusiness MemberReal Estate Broker · Tampa, FL · Member since 2017 · 1k+ posts · 679 votes
Originally posted by @Paul Hutton:
update.Since the tenent moved out on nov 30 i have had one break in with a squater and one home invasion at this address.when i sent the painter over for a quote he said it looked like someone was living in it. I dismissed that back in mid december. then in early jan i sent a flooring guy to look and he said a naked man jumped up off an old mattress he was on and made some explanation as to why he was there. It was then i decided to get in my truck and drive down to see for myself. I arrived to find a 18 yr old kid in the place he admitted to staying there over a month. After hearing his story i allowed him to continue to stay until the reno work begins then he would have to move on. I have been loading materials for the crew that is coming feb 1 but someone in the neighborhood must have seen it because at 6 am this past saturday there was a home invasion by 2 men who slipped in thru a bedroom window to try and steal my materials. There was a struggle between my guest and the intruders and he managed to fend them off.I assumed the intruders thought the place was empty. I am glad he wasnt hurt only a few razor scrapes on his forearm and some blood spattered on the door and walls, and by being a good samaritan to him in return he was able to save me from losing about 8 windows and some other materials I had stored there. I have also been giving him food money and trying to employ him cleaning as the prior tenant had a dog and did not use a clean cloth in over 10 yrs so we are scrubbing everything down so hopefully the paint will stick. Being from Canada we dont experience these types of nocturnal activities and i am unprepared for this type of invasion of home and privacy. I am just anxious to rehab it and rent it to people who can handle this sort of thing or wont be victims because they are just as tough as the criminals who try to take advantage. Next time when i buy i will drive the neighborhood first before making a decision , I will most likely need to buy extra insurance for this one. My next purchase will not be in east Tampa I am looking farther north now.
oves out no notice 90 days after I close. I drive down to see what rehab I am going to need and the place is a teardown, paid 35000 plus 6k for homes 4 income finder fee. It has extensive termite damage wavy floors all windows don't work it needs about 20 k in rehab which will put me under water for the values in the area. homes 4 income insists its a good buy can make money, a different realtor for the area is shaking his head at me for my stupid. I think it best to say homes4 income has their interests not yours in mind when they push their "finds". based on this experience I would give them a d- rating your better off working with a local realtor which I have now for my next 2-3 purchases
Thanks Paul for updating your initial post after our meeting. I think we clarified the nature of our process and Im very glad you will continue working with us and look forward to more properties coming down your way (or up since youre in Canada!). Glad to have you as one of our VIP Clients.
Graystone Investment Group4.6268 Reviews
Join the conversationCreate a free account to reply, vote on answers and follow this thread.