All Forum Posts by: Josh Green

@Amelia Casalenuovo

Good talking to you this evening. After reviewing all the numbers and details, I think this opportunity is worth pursuing further 👍🏼

Feel free to reach out anytime if you have any questions on anything further on this deal or afterwards as you prepare to launch and begin your hosting journey 😃

@Todd Goedeke

No it's all based on the FEMA flood map. There are different flood zones/codes. Zones X or X500 do not require flood insurance on a financed purchase. Other zones (A, AE, etc) require flood insurance on a financed purchase. Flood insurance is very variable in cost - there's several factors that are in play making it hard to estimate the cost without getting a quote.

@Amelia Casalenuovo

Personally, I have a hard time seeing this deal making sense especially with flood insurance being tacked on. I'd highly recommend you have a strong idea of the flood insurance cost before going under contract or within your inspection period.

As an agent that does a high volume of STRs in the greater Tampa bay area, I have a hard time seeing this opportunity in Brandon being the best choice, even at the lower price point of entry (sub $400k).

@Joe Yuhas

What are those specific code differences that make this unusable in Hillsborough vs Pinellas or Pasco?

 Personally, Pinellas County (clearwater/St Pete) is excellent.  The land here is limited - it's a peninsula surrounded by water.  People, investors, tenants are all going to consider Pinellas first and that's reflected in the demand for property here.  Much like Tampa, St Pete is seeing a lot of business growth and population growth.  Another reason I really like this county is generally speaking, it's just a lot safer/less street by street than Tampa metro.  

Another county I think is going to see the biggest growth/change is actually Pasco county - on the north border of Pinellas and Hillsborough.  The amount of infrastructure, new business growth, and new development is tremendous.

@Amy E Good

Reach out to AMZ title in Tampa. They're investor friendly and will tell it to you straight

@Flo Baker

Okay no worries 😄 I just DM'd you his info

 I got a really good insurance agent.  He consistently finds me the best rates out of everyone I've used.  DM me and I'll send you his contact info.

@Nick Fritchen

SW FL, or the Tampa Bay area what you're going to find is lower cash flow than the Midwest in general for LTRs. What you're getting here is a high growth and appreciation market. Most LTRs are going to be around the 0.7% rule but sometimes you can find higher. This is just to speak in generalities. MFRs are in low supply here and in high demand.

@Amanda Swanson

What's your budget? Tampa bay has great options still. A good sweet spot is the $450-$550k price range and if you do it right - I have clients doing $100k-$125k+/yr in revenue in that range.