All Forum Posts by: Mya Toohey

@Ashish Chadda in any case, if the seller has instructed their agent to decline any offer being of a certain contingency, like, FHA and it doesn't qualify, the agent has the right to speak for the seller if given explicit instructions to do so. Agent act on behalf of their sellers, and if the terms didn't match what they wanted up front, no need to waste the sellers time. The agent on other hand does not have that choice to make on their own. I once had a seller that wouldn't accept any contingency for inspections being longer than 3 days. If the buyers couldn't do it, regardless of how good the offer was, it was a hard NO. So, I had to turn down offers as soon as I git them with a note, 3 days or less or no deal.

@Greg R.

I'm in Tampa Florida, I have 4 listings on VRBO. Two of them get spammed all the time. Twice today actually. Lol...I do get good people too. My rates are higher on VRBO so when I get bookings they are worth it. My problem is the tax info not being updated and them just depositing into any account or not all for months. I'm putting my listings on Houfy and Lodge Lovers. Both new platforms with the host in mind.

@Vandross Ikoro

Hello and welcome from the Tampa / Clearwater area! I am a Realtor here and our market is still going strong.

@Alexis York

You want to use a DSCR loan. It's made for us self employed type investors. I'm in Florida, Tampa, Clearwater area. That's my business model. DSCR is a great way to invest when you can't get conventional funding.

@Antonio Coa

I'm in Tampa Florida area. I live in Clearwater. Right down from the beach. If it were me, I would ride the STR market wave. Find something commercially zoned, use it as STR while it's hot, then if the market crashes, you have the option of turning it into retail, long term vacation rental, or a community living space( rent it to a sober living, foster care or private home facility). Leverage your cash. Put 20% down and finance if it's long term goals you are going for. If it's short term, buy a STR cash, set it up, and sell it as a functioning business. Investors now have DSCR loans just for that type of investment. I just did it with a client. We BRRRR then set it up and sold it to a cash investor as a STR. She made 120k in 90 days. Then went on to buy two more to do it with. If I was only as savvy as you are at your age! Congrats!

@Matt Sora

Hi Matt, I am in the Clearwater area of Tampa Florida. I deal with only investors and income producing properties. A really smart move is to Ling term rent one or two units for steady cash flow and Airbnb out one or two. I specialize in STRs here and it's a money maker. Especially, when you have multiple revenue streams from one property. If I was buying for me right now, that's exactly what I would do here! We are very restricted, so, make sure you work with someone that knows the areas well. I'd be happy to chat about it!

@Brec Bassinger

I'm in Tampa and I'm a notary and Realtor. I've set up many LLCs here. I can help you.

@Chris Wilson

Hi Chris, I'm in Tampa Florida area and our market is finally slowing down as well. Appraisals are a matter of an unbiased opinion. There are no standards in which appraisers shooter their comps. It won't make a difference on anything. You can use it as a guide to price the home, but, if more houses near you that are comps, they will use the ones within .5-1 Mile, same beds and baths and within 180 days. They have the choice to pick which ones they use and add or subtract value according to finishings, lot size, garage and so on. Given the market went up in the last 180 days, you may even get a higher appreciation than the one you have and if yours is referenced, it could be used against you. Keep it safe and let the listing agents do their magic. Best of luck.

@Jonathan Taylor

Thank you for that info. We did close using a bridge loan and if the lender, who is a mortgage broker would have told us that, we would have gone that direction. It actually wasn't the lender, it truly was the Tampa Apraiser who made the choice.

@Jordan Garcia

I know, so, were we!!! Yes, the lender specifically said STR and YES we all got in a huge argument with lender and appraiser when this happened. The lender couldn't any other person to do it that was approved by them. Ot was a fiasco. We did close today. Thanks god!! They turned it into a bridge loan amd all was good.