Home Buying in Tampa>Question Details

Steve, Home Buyer in Jersey City, NJ

Rental Investment

Asked by Steve, Jersey City, NJ Fri Jun 6, 2014

What would be good areas for rental investments under 60K. Ex: Condos, 1 or 2 Bedrooms

Looking for where its easy to rent.
Not low income
Decent returns
Not have to worry behind it

Thanks again.

Help the community by answering this question:



Finding property in New Jersey for that price range is pretty tough... and that's why we buy our houses in Tampa, Florida. In fact, we're the largest seller of investment grade real estate in Florida, and we have 10 houses right now in your price range. Many of the houses are cash deals, but some of them may qualify for financing.

You can check out our entire inventory of wholesale investment properties here: http://btgh.com/tampa-florida-investment-properties/. If you see something you like, call Matt at 813 205 1291. He's our top investment consultant and a seasoned real estate investor who works almost exclusively with out of state investors.

0 votes Thank Flag Link Fri Jun 26, 2015
Hi Steve,

In the $60k range the majority of the tenants will be lower income.

I would just watch for extra Community Development District Taxes and do a lot of research before buying. You will want to see the financial statements and at the least the last years of Board of Director meeting minutes to see if there are known stuctural issues or the possibility of an upcoming Special Assessment.

Did you have your Realtor show you my listing on Abonado? It's $48k and the owner may be negotiable.

All the best,
Alma Kee
Sold On Tampa Team
0 votes Thank Flag Link Sat Jul 5, 2014
You can most likely find affordable rental units in parts of Port Tampa. It's right near the Air Force Base and you could rent out the homes to servicemen and women looking to live off base.
0 votes Thank Flag Link Thu Jun 12, 2014
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