All Forum Posts by: Mariana Lopez

@Mariana Lopez Tampa is a great location but @Michael Haynes brings up great points. It is extremely tough to find a solid 2-4 unit for a good price in an area you would be comfortable living in. Not to say it can't be done but this isn't the current time in the market cycle to think it'll be super easy to find what you're looking for. For sure a big investment, it may be worth making the trip and familiarizing yourself with the different areas. 

Hello Mariana Lopez. I would say that if you cannot fly down to Tampa and spend a month looking around the whole of Tampa Bay for the location that you would live in, then, stop where you are at. You are a disaster waiting to happen. The Vultures are looking for someone just like you. Real Estate Investing is not like Stock picking. The difference between Stocks, Futures and Options Markets and Real Estate is that Stocks are instantly Liquid and you could wait a year to sell the wrong house. You live in N.J? Stay in N.J. and make your mistakes close to home.

I use 7% in Tampa...

Hello Mariana Lopez. Regardless of what you will hear from the Pros on BP, I as a burned out, 30 year landlord with the rest of my properties in Brazil...the worst idea is to buy SFH's etc. many miles apart from each other. You will spend your whole life driving around taking care of your Rental Portfolio. The smart guys 30 years were "farming" a certain neighborhood, so, they could self-manage easier at less cost. The second worst idea for me is to try to be an Absentee Landlord...