Did you find a suitable candidate to work with yet? If not, please check out our Website at http://www.irptampabay.com. We specialize in working with international investors, locating off the market distressed properties, and property management.
Dwight A. McDonald PA
Broker, RealtorÂ® CDPE,ABR,CPMS
CDPE-Certified Distressed Property Expert
ABR-Accredited Buyer Representative
CPMS-Certified Property Management Specialist
Certified Fannie Mae CreditSmartÂ® Trainer
Please note our address has changed:
International Realty Plus-Tampa Bay
1313 Providence Road
Brandon, FL 33511-4885
Phone (813) 629-6954
Fax (813) 569-1772
I am a broker and work with other investors like you. If you wish to interview me please feel free to call anytime. I am one that does answer the phone as well as email, text etc. My career started in 1984 and still very active and building my business here in Florida. Thank you for your time.
Living Waters Realty LLC
Have a great day,
This is not a hard task, but you're going to have a hard time getting any realtor to put forth much effort if you're not purchasing a property or properties over a certain amount. If you are purchasing $250,000 of more, you'll attract more experienced realtors than you would at $100,000.
Unless you are paying cash, (And Can Prove Funds in Advance) you should concider taking the most basic step to get pre approved to obtain a letter and be willing to deposit at least $5,000 or 5%, which ever is more, in a Title Company's Escrow account.
Take my advice and the process will go a lot smoother for you.
See Rental Property Loans below
Steve McRory http://www.pro-option.com
There are two aspects to consider when looking into the purchase of an investment property; the return on revenue you can reasonable expect based on the purchase price and the location and how it might be affected by future price appreciation.
When looking at project returns you need to carefully evaluate the purchase price and ongoing expenses like association fees, property taxes, insurance, etc. You also need to thoroughly investigate the current rental climate in the area surrounding the property. What are similar properties renting for, how quickly are the renting, how many similar properties are out there for rent, etc.
You also need to carefully evaluate the condition of the property and determine what expenses may be incurred in getting the property into rental condition. Many of my clients prefer to put hard surface flooring throughout as it stands up to wear and tear better than soft goods. One thing many investors overlook is if you are in an association will they accepts pets. Many pet lovers have a difficult time finding home that will accept their pets and this can be a huge benefit to investors. If you find a pet friendly situation it will make it easier in most locations to find tenants willing to pay a little more.
Future appreciation is hard to put a precise number on but the better the location the higher that appreciation will probably be. You can expect a little lower up front returns (in my area from 4% to 6% cash on cash returns) compared with up to 10% in less desirable areas and product types.
The best thing you can do is locate a qualified Realtor who can properly assist you in locating good opportunities and be ready to act quickly when the right opportunities present themselves. If your search brings you to Palm Beach or Martin Counties I would be very happy to work with you towards meeting your goals. The current market is really a perfect storm and in my opinion Florida real estate in the right location is one of the absolute best investment opportunities we will see in our lifetimes.
Best of luck and if I can offer anything additional please let me know.
Always at Your Service,
Tom Priester e-PRO
"Results Driven Real Estate"
Keller Williams Realty
let us know if we can help.
727 439 4400