All Forum Posts by: Kaulin Galluzzo

I'm no expert on this specific program but Tampa has a program called "Dare to Own the Dream" its a downpayment assistance program.

Depending on your income they can fund up to $50k toward the downpayment on the house.

Here's a link to some of the information I've found. 
https://www.tampa.gov/housing-and-community-development/prog... 

Due to the affordability issues in a lot of markets different areas may have similar programs. 

If you have any other questions, feel free to DM me anytime!

Hey Quin, the biggest challenge post college graduation can be the financing and search aspect of that first deal. I purchased my first deal in Cleveland and since it was a new market for me I wanted to partner up with an agent that not only understood the market from a retail perspective but also from investor mindset. It was more challenging than I initially thought it would be. After I found that good local agent it made my life a ton easier. 

In addition I can't recommend enough going to local meet ups. I go to the REI on Tap in Tampa. Looks like the next meetup is April 16th.

If you need help understanding the area, finding deals or just want to talk to about the market overall feel free to DM me!

Hey Robert, always love to connect with builders they always have a great pulse on the market. I just sent you a DM. 

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $180,000
Cash invested: $20,000

A multifamily property where a significant amount of work was needed to get two of the three units to market rent. Did much of the work ourselves.

What made you interested in investing in this type of deal?

Owner-Occupied a Value add multifamily.

How did you find this deal and how did you negotiate it?

This was a competitive on market property.

How did you finance this deal?

Owner occupied traditional financing.

How did you add value to the deal?

Did many of the repairs ourselves!

What was the outcome?

Added value through repairs and renovations and brought the property to market rents.

Lessons learned? Challenges?

DIY can be very challenging depending on the work required. Cosmetic work can easily be done by a small team but major repairs like bathroom remodels and electrical can be trickier to do by yourself and I highly recommend getting a team to work with it.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $180,000
Cash invested: $20,000

A multifamily property where a significant amount of work was needed to get two of the three units to market rent. Did much of the work ourselves.