All Forum Posts by: Josh Green
Josh Green has started 21 posts and replied 365 times.
Post: SFR Investing in Tampa
- Realtor
- Tampa/St Pete/Clearwater, FL
- Posts 389
- Votes 351
@Jin Zhang
Define "very high". Yes, insurance prices are higher than they used to be with the supply of vendors suddenly decreased. Due to insurance fraud and losses, many vendors pulled out of Florida. There are still insurance options obviously and the cheapest is typically the state discounted one citizens. I would connect with a good insurance broker (I got one) when looking for insurance here. You aren't going to be using online quote finders and find anything useful or reasonable (think Geico, allstate, etc).
At the end of the day it is just a part of the cost of doing business here - insurance is higher in Florida than most states. Property taxes are a little above the national average so for some they are high and others they are low. What really matters is if the deal is profitable or not.
Post: STR Deal Analysis (AirBNB VRBO) in Tampa Florida (Brandon area)
- Realtor
- Tampa/St Pete/Clearwater, FL
- Posts 389
- Votes 351
@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 😃
Post: STR Deal Analysis (AirBNB VRBO) in Tampa Florida (Brandon area)
- Realtor
- Tampa/St Pete/Clearwater, FL
- Posts 389
- Votes 351
@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.
Post: STR Deal Analysis (AirBNB VRBO) in Tampa Florida (Brandon area)
- Realtor
- Tampa/St Pete/Clearwater, FL
- Posts 389
- Votes 351
@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).
Post: Tiny Home on Wheels
- Realtor
- Tampa/St Pete/Clearwater, FL
- Posts 389
- Votes 351
@Joe Yuhas
What are those specific code differences that make this unusable in Hillsborough vs Pinellas or Pasco?
Post: Where to invest in Tampa?
- Realtor
- Tampa/St Pete/Clearwater, FL
- Posts 389
- Votes 351
Quote from @Nadia Daggett:
Where to invest in Tampa? I am always asked this question as the broker of Graystone Investment Group and have spoken with many investors who suggest investing in downtown Tampa's outer ring. As downtown Tampa keeps expanding with channel sides remodel, sporting teams growing, and great new features to Tampa on the outer ring, including armature works and more, properties in those areas are increasing, and investors are buying them up. With many investors in this forum, would you have any suggestions for other places to invest in Tampa?
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.
Post: Quit Claiming Properties into an LLC in Florida
- Realtor
- Tampa/St Pete/Clearwater, FL
- Posts 389
- Votes 351
@Amy E Good
Reach out to AMZ title in Tampa. They're investor friendly and will tell it to you straight
Post: Any insurance recommendations for the Tampa area?
- Realtor
- Tampa/St Pete/Clearwater, FL
- Posts 389
- Votes 351
@Flo Baker
Okay no worries 😄 I just DM'd you his info
Post: Any insurance recommendations for the Tampa area?
- Realtor
- Tampa/St Pete/Clearwater, FL
- Posts 389
- Votes 351
Quote from @Flo Baker:
My insurance doubled over the last 2 years. I know it has increased for everyone, but my increase has been steep so looking for insurance agents recommendation to start shopping? Thank you.
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.
Post: Looking to start investing in Flordia
- Realtor
- Tampa/St Pete/Clearwater, FL
- Posts 389
- Votes 351
@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.