All Forum Posts by: Josh Green

As some have heard today - starting this November conventional loans now allow owner-occupant multi-family purchases with a 5% downpayment!

This is big news - something I wish I had an option of doing on my first 3 house hacks over the last couple years.

This couldn't come at a better time for a buyer with Q4 being a strategically good time to buy here!  

...Now got to figure out if I want to do another house hack this quarter or another investment property 🤔🤔

#tampa #stpete #clearwater #househack #str #strhousehack

 Bryce!  Check out my brokerage: Graystone Investment Group.  We are a 1 stop shop for investors and we have: property management, off-market acquisitions, hard money and conventional lending, and the real estate brokerage of course.  With over 20 years of investor experience in the brokerage here there are so many opportunities to learn and grow and I'd highly recommend it.  Just let me know if you want to learn more!

 Great questions and ones I get all the time.  I'm on my third house-hack personally and based on my experience, I'll echo what they say on the BP podcast: "It all depends on YOU and your comfortability to profitability scale".  Tampa Bay is a great market for many reasons - we have a strong outlook on appreciation and although new investors don't put enough weight into that, those of us who understand the long term benefits always shift our focus to that.

We also have a top of opportunity to be creative.  For a small/new investor, your only real advantages are going to be speed & creativity.  Speed is going to 50/50 on you and 50/50 on your agent (getting, analyzing, seeing and offering within a 48 hr period in my opinion is par for me and my clients).  Next, is creativity.  That's going to 80% on you and 20% on your agent as they will help you understand what creative things you can do to push yourself in one direction or another.  

The other strengths of your agent I think should be standard (though they are far from that): communication, experience, good track record, high recent volume, market knowledge, etc.

Lastly, no matter where you stand on the comfortability to profitability index, at the end of the day you have to play the field and take what the defense gives you (David Greene mentions this a lot).  I was very adamant when I first moved here I'd repeat doing house-hacks with multifamily residences.  Well, there were none at the time that worked or made sense and very few options that fit into my long-term goals with my family so I pivoted and found a great luxury house-hack (pool house w/guest house) and to make the numbers work I got creative and began mid-term and then short-term renting it to boost the revenue.  This is just the surface of what it took to do this and I'm not even mentioning the incredible impacts of my team such as @Nick Velez , my insurance agent, my inspector, my contractors, and brokerage that all played a role into finding opportunity and capitalizing on it.

1) State License through FL DBPR

2) Local county or city license.  You'd need to call your local municipality to find out if its a county or city license.
..3) there could be additional requirements based on the community the property is in.  

 Michelle - glad you're reaching out for help.  I'm also 28 and am an active Real Estate investor and Realtor here.  I have helped a lot of people in their early stages of investing - I was there not too long ago!  If you'd like some personalized guidance, feel free to shoot me a DM and I'd be happy to put some time on the calendar for us to chat for 20-30 min.  It's important to understand your options and to make and work towards a plan or goal first. :)

 Hey! I'm a local realtor and investor in the Tampa Bay area. Especially when it comes to short-term rentals, the space gets a little trickier.

I got a great insurance agent that really is a benefit for my clients - his quotes are so much more competitive than you'll find trying to find it yourself or with an agent that doesn't specialize in this.  Important amenities like a pool heater I have a vendor that is thousands cheaper. What about management? I actually Co-host properties too cheaper than anyone else.  What about furnishing/design? I also have helped launch that business as well for those wanting that service and we are better and cheaper than you'll find online.  This is just a few of the angles that will cost or save you money in this kind of investment - there's also advanced strategies like using solar as an investment and other strategies I bring to the table based on your needs whether it's a flip, buy & hold multifamily or short-term rental.  Feel free to DM me if you're serious about the Tampa Bay area and we can see if it'd be a good fit to work together 👍🏼

@Adam Weinstock

Oh yes actually already am 👍🏼

@Adam Weinstock

Hey Adam! What brokerage are you with?

Just a PSA I also get ~20-40 off market properties mostly single family but the occasional multi family or commercial. About half of those are in-house and the other half through various contacts here. 👍🏼

Thanks @david for the kind words - really appreciate that!

@James, I think the better angle here is to ask you: what's your questions and concerns with Tampa Bay multifamily investing? What's your situation, goals and current experience as a real estate investor?  Hard to provide good solutions without a good understanding of the problem.

With that said some general advice:

1) know your goals and buybox

2) be diligent and patient; this market is competitive

3) be realistic and creative or you'll be forever stuck in analysis paralysis and get burned out and give up

4) get your financing in place

5) pick a good investor agent

6) time in the market > timing the market