For these reasons, and more, you should investigate Tampa Bay, which was ranked among the top 10 locations for real estate investors in 2015.
Tampa’s Top 10 Ranking for Real Estate Investing
In a recent study, Bigger Pockets analyzed the 50 largest U.S. MSAs to determine which markets were most likely to produce outsized returns for residential real estate investors.
The results showed that Tampa was the 6th best market for real estate Investors in 2015, and the 9th best market for residential property appreciation.
What is Drawing People to Tampa?
People are drawn to Tampa by its major employers and a growing job market in sectors such as education, communications, and government services. The area also attracts families, which is why some of the most popular and sought after properties have three bedrooms, two baths, and two-car garages, according to the Tampa Bay Times.
Because of everything Tampa has to offer in attracting people to the entire metro area, Tampa is also ranked as one of the best U.S. cities for renters, which also creates an ever increasing opportunity for real estate investors.
2007 Housing Crash an Opportunity for Tampa Real Estate Investors
Though the 2007 housing crash made some people shy away from investing in real estate, professional investors immediately saw an opportunity and ramped up their real estate investing in Tampa.
Wall Street investors bought thousands of Tampa Bay rental properties, quickly followed by smaller investors. As a result, Tampa continued its reputation as a preferred real estate investment market in the United States and abroad. Therefore, the investors who stayed the course during, and after, the 2007 housing crash have handsomely profited from Tampa’s real estate market.
Finding Investment Properties
In today’s investing climate, Americans believe that real estate is the best long-term investment.
The problem for many people is in finding profitable investment properties. Many investors fail from a lack of experience, and/or the lack of time to dedicate to the training and research required to locate these properties.
As a result, large and small real estate investors rely on reputable real estate wholesalers like Graystone and T J Global Investments to purchase properties, which they flip for a fast profit or use as rental homes to produce monthly cash flow.
Graystone Investment Group
Graystone is an experienced Investment Group, wholesaling properties in the Greater Tampa Bay market. We have researched Tampa Bay neighborhood-by-neighborhood to determine where investments are likely to have the highest returns.
Unlike other wholesaling groups, we find properties that we resell to investors at discount prices, while also connecting them with private financing. We also coordinate with rehab and management companies we’ve worked with for years, at no extra charge.