All Forum Posts by: Josh Green

Hi,

Quick question for landlords in Tampa area. Have any of you had success with section 8? We have done section 8 in a couple of markets and been happy with it, but the Tampa Housing Authority has been very hard to get a ahold of and I can't seem to figure out how to even enroll my homes in the program. Is it worth the hassle down here?

Thanks ! 

I own a house in the Wellswood neighborhood across the river from Seminole Heights in the city center of Tampa. We are looking to sell and wondered if it would be better to sell "turn key" with furniture and renters or turnkey with furniture or neither. It can be used as a 4/2 with a private attached studio, or as 4 room rentals with a separate studio (which is what we currently do) or as a 5/3 SFH. The first link to the property does not show the additional studio.

The house listing: https://www.furnishedfinder.com/property/762288_1

The studio listing is: https://www.furnishedfinder.com/property/652295_1

@Rafael Ramos if you're looking to make some solid returns and open to short term rentals as you had mentioned, reach out to @Josh Green. He is an expert in the short-term rental space, is an investor himself, run's a STR property management company, and is also one of the best realtors that I know that can provide you with solid guidance when it comes to making investments in the Tampa area. He helps all of my clients.

Is anyone doing mid-term rentals in the greater Tampa area? Who is your target audience... traveling nurses? Would love to talk and meetup for coffee if you're local. I'm only in LTRs currently but realizing MTRs may be a great addition. The STR market was great 2yrs ago but is now saturated.

Hi guys! I can afford a 700K home with 25% down on a 6.5% interest rate. I'm comparing this to investing in an ETF fund, which in the long term averages out to 10% returns per year.

25% down plus all all the closing costs and various expenses could be more than 200K. Given that real estate, in the long term, increases in value on average 4% per year, does purchasing a home make sense?

Things to consider-

-I pay $2,500 rent now.

-Although a home appreciates at 4%, it's 4% of 700K, whereas i'm only earning money on 200K with an ETF stock. 

-I will have more various home expenses in the long term that I would never need to pay if i stayed a renter.

At first glance, my thoughts are i'm not paying $2,500 / month in rent so of course buying a home is a better investment. However, upon further consideration i'm not clear which is a better investment. 

Happy Money Monday everyone!  My name is Tammy Williams and I am just starting my rental property investment journey.  I’m extremely excited and thankful to finally be starting…. I am looking for Duplex Properties in the downtown area of Miami, Florida.  Are there any realtors from that area that have a preferred lender they can share with me (and the rest of the community)?

Thank you in advance.  Everyone have a great week!
-Tammy

I am looking to sell a STR, Are there buyers who buy a fully furnished property? or do I need to empty it? What should be right way to find these investor buyers in the market? I am out of state and don't know a lot about the Jacksonville market today.

The property also has firepit in the backyard, smart door lock, cameras, thermostat, and router installed. The appliances are also all brand new installed this year- fridge, dishwasher, and washer/dryer.

Hi everybody I was wondering if you could help me. There is a home in Tampa I went UC with a wholesaler and told him I was closing it conventionally which they were fine with.

Long story short the home is a triplex and zoned as a SFH so the lender will not lend on the property forcing me not to close and the wholesaler took my EM. Even though a DSCR loan or any other loan would not lend on the property. Is there any way to get the EM back or make sure title is not aloud to give it to them.

Hello Bigger Pockets CFL community. I am looking into the STR and STR/bonus appreciation strategy as a way to offset W2/short term income. Since the market pre-May 2022 just is not comparable anymore I am interested in anyone who has done this in CFL from around May 2022 onward successfully and how it went.

The goal would be to aquire a STR that would cash flow itself, or at worst break even and also use that to maximize deductions to lower W2 federal income tax. I've read about strategies to do this and bonus depreciation and how the 1 year bonus depreciation is being phased out. While Orlando is a huge STR market, I'm also aware that it is currently a tough and saturated market.

If anyone has successfully done this in CFL, please give as much detail about how you did it and how it went. Or if you tried it and it failed also let me know. Another caveat: there are a lot of STRs out there that are breaking HOA/local government/state/federal laws or strongly bending the rules, and I'm looking for people who did not do that or who mitigated risk there.

For myself, I am a high income W2 earner and I currently have FEIE foreign income tax exclusion but at some point I have to be able to return to the USA fully or at least hedge against that possibility. So I am looking at this as a way to decrease my federal income tax if I lose FEIE. Otherwise I would start getting hit with very nasty taxes. I also am looking at this strategy for a family member who is in the area with W2 income.

Thank you!