All Forum Posts by: Josh Green

Quote from @Bhargav Hirapara:

Looking refinance  Cash-out on 3 or 4 single family houses in Tampa area. All of them long term hold rental properties. Please share good mortgage broker or lender in area. greatly appreciate input. Thank you 

 Hit up @Ray Rodrigues.  He's got excellent rates and is a great investor lender!

Quote from @Raymond J. Rodrigues:

@Gopichand N., @Josh Green is a great realtor in the area. 

 Thanks, Ray!  I just DM'd Gopichand and am excited to share with him my resources and team members that he can utilize. Despite not specializing specifically in Lithia, chances are I can definitely still help out in several ways. Always happy to help!

@Nathan Harden

With a midterm rentals I'd expect somewhere between $5000-$6000/mo for a 4bd. Could be higher or lower depending on the amenities and exact location. The midterm rentals market is largely untapped here in the Tampa Bay area. Occupancy rates are also excellent with this strategy but in most months you do make a more on a short term rental at the expense of more time for managing it.

@Kalea Sanders

Anytime 👍🏼

@Raymond J. Rodrigues

Honestly I got no input for lithia! I focus on the Tampa Bay area and intend to keep investing at an aggressive pace here.

@Graham Reblitz

Location is factor but there can really only be generalities made here. A lot of the "bad" areas are street by street. Even then, depending on your goal/buybox and budget, you might consider some of these properties.

Depending on your goal and details to your buy box, I have a hard time seeing you get a cash flowing property with what you've described. A turnkey house in that range, for example, won't cash flow more than likely unless you're putting 20-25%% down. A condo is similar due to the HOA eating up your profit margin. This changes depending on how you're renting it out and what level of work is done to the property.

Depending on your goal and buybox, you're likely going to be pretty limited by location already. It's at that point I would discuss with your realtor what fits in your criteria and which ones have what pros/cons based on location.

@Kalea Sanders

As others mentioned, Tampa is on the radar across the nation for many reasons. Somehow, there are still opportunities for new investors. The amount of population growth and projected growth over the coming years is strong. That is supported by the billions being invested into infrastructure, new buildings, etc. The skyline here is set to double in the next decade or so. The mix of amenities and tax friendly laws are attracting businesses, investors and out of state migrants. For a long term hold investor looking in Florida, Tampa is a strong location to consider for cash flow and appreciation.

Quote from @Adam Shelton:

Hello BP community,

I am working towards establishing my real estate investment business and am looking to build my core team and make mutually beneficial contacts within the community. I currently reside in Spring Hill, FL but through work I travel the entire Bay area. We have only lived in the area for a short time and do not know a lot of people here. I welcome the opportunity to meet other like-minded individuals and build valuable and profitable relationships for us both. 

Hi Ad,

Nice to meet ya! I'm just about 30 minutes south of you actually.  I'm an active RE investor here in the bay area and also a real estate agent working with mostly investors new and seasoned.  Feel free to dm me and I'd be happy to do a video call just to discuss where you're at and where you're trying to be and see what advice I can give ya!

@Jason T.

@Nick Velez does!

@Nathan Gesner

I respect your opinion but it is definitely a separate category commonly accepted among investors nationwide. While a mid term rental may resemble a typical LTR with a lease, it is arguably more similar to a short term rental due to factors such as insurance, local municipal laws defining tenancy lengths, and how it is distinguished from a management standpoint (cleaners, furnished space, utilities and other amenities included, etc).