All Forum Posts by: Obed Calixte

@Frank Nguyen     How familiar are you with the Tampa Bay area? 

What's the scope of work?

Did you use AI to generate your posts, you slick dog...

Haha, but in all reality AI is useful as a complementary piece for day to day activities. For analytical activities I still leverage trusty Excel and other data crunching tools. 

I’m not aware of major plans for that specific neighborhood, but it does abut and is near very major planned and ongoing developments (Ybor Harbor, Gasworx, Ybor District, Channeside/Water Street).

It will garner more interest as more progress is made on those developments. How long- I am unsure but may be worthwhile if you find a great deal.

Save and wait unless you can find a killer seller financed deal.

And by relative willing to lend  you $2000 - you will want to ensure it is a gift (a true one).

There is a difference between lend and gift and it can have a meaningful impact on if those funds are valid for financing sake.

Buyers are more discerning as they have more choices now in Tampa than the past couple years. 
A savvy qualified buyer would condition their offer on you replacing the full roof. Most effective action as shared above is to replace the full roof.

Talk to a qualified lender to go over your intent and run over your income to see your current qualifications.

They will be able to help formulate to plan of action for you to achieve your goal. 

If you need recommendations, let me know and I'll send a few over. 

I've seen my share of mls wholesale deals.

Sometimes they result in solid deals and plenty other times they are laughable.

It all comes down to do they meet or exceed your financial goals.

Had your wholesaler brought you the exact same deal (property and terms) but it was off market, would you still have the same gripe.

Welcome!

Get connected with the local real estate investment groups.

There are quite a bit of real estate minded individuals in the Tampa Bay area.

@Joshua Christensen hit it on the head.

Even if CAP rate were meaningful for residential property, what do you intend to do with that information.

Figure what the most important factors are to you from purchasing an asset.