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All Forum Posts by: Doug Merriott

Doug Merriott has started 5 posts and replied 251 times.

Post: Tampa Bay Meetup

Doug MerriottPosted
  • Residential Real Estate Agent
  • Tierra Verde, FL
  • Posts 276
  • Votes 130

Great meeting and great turnout. Thanks a lot to all in attendance!

Post: Tampa Bay Meetup

Doug MerriottPosted
  • Residential Real Estate Agent
  • Tierra Verde, FL
  • Posts 276
  • Votes 130

@kevin cook we run until about 3:30-4:00. I think the library kicks us out at 4.

Post: Tampa Bay Meetup

Doug MerriottPosted
  • Residential Real Estate Agent
  • Tierra Verde, FL
  • Posts 276
  • Votes 130

Calling everyone from Clearwater, Largo, Pinellas Park, Palm Harbor, Safety Harbor and Dunedin. Calling all Oldsmar, Tampa and Brandon folk. Those of you on the beaches, Clearwater Beach, Indian Rocks Beach, Reddington Beach and Treasure Island too!. Calling north Pinellas, Port Richey, New Port Richey and Holiday (even though you're Pasco).

WE look forward to seeing you all tomorrow!

Post: Newbie from Spring Hill, FL

Doug MerriottPosted
  • Residential Real Estate Agent
  • Tierra Verde, FL
  • Posts 276
  • Votes 130

@Amanda Sutherlin welcome to Bigger Pockets. We have a great community here. We also have a great community in Tampa Bay. Come down to see us at one of the REIAs if you get a chance. My wife and I have to find a babysitter to get away together so we could only imagine how difficult that would be for a single momma! Sounds like you are on the right track and we wish you the best.

Post: Moving from Virginia to Tampa, FL

Doug MerriottPosted
  • Residential Real Estate Agent
  • Tierra Verde, FL
  • Posts 276
  • Votes 130

That would definitely be a question for a Mortgage Broker or Lender.

Post: Moving from Virginia to Tampa, FL

Doug MerriottPosted
  • Residential Real Estate Agent
  • Tierra Verde, FL
  • Posts 276
  • Votes 130

Very interesting perspective @Kevin Cook

Post: Moving from Virginia to Tampa, FL

Doug MerriottPosted
  • Residential Real Estate Agent
  • Tierra Verde, FL
  • Posts 276
  • Votes 130

@Forrest B. makes very valid points. The multi-family would be yours to keep and profit from for a very long time and when you are ready to sell it will have appreciated and made you much more money in the long run. VA loans have very advantageous terms. Stay below four units and you could have your first multi-family property making money for you in a few months!

Make sure you read all the posts on being a landlord including Brandon Turner's 13 Rules Great Landlord's Follow.

I also believe that this podcast Small Multi-family with Mike Sherwood was where I first heard to never let your tenants know you are the owner.

Post: Moving from Virginia to Tampa, FL

Doug MerriottPosted
  • Residential Real Estate Agent
  • Tierra Verde, FL
  • Posts 276
  • Votes 130

You are quite right.

Post: Moving from Virginia to Tampa, FL

Doug MerriottPosted
  • Residential Real Estate Agent
  • Tierra Verde, FL
  • Posts 276
  • Votes 130

@Kevin Cook the reason I got my license was to be able to make any bids I want without having someone roll their eyes at me!!!

Post: Moving from Virginia to Tampa, FL

Doug MerriottPosted
  • Residential Real Estate Agent
  • Tierra Verde, FL
  • Posts 276
  • Votes 130

Hi @LaShelle S. Welcome to Tampa! Well, that may be a little early, but I mean it nonetheless.

We have a huge REIA scene here in Tampa Bay. When you get down here start shaking hands and kissing babies.

I am not an experienced wholesaler by any stretch, but I would say that five months is a long time in the world of wholesalers. You have to be able to flip a contract in just a few days so with five months before the move you have a lot of opportunity cost at stake if you are not at least "practicing" up in Virginia.

I hope you see you around when you make it down here.