Ever since the U.S. 2007 housing crash, institutional and individual investors have been taking advantage of lower home prices by investing in Tampa real estate.
These investors often use a real estate wholesaler to find and purchase investment properties, which they rehab and either flip for a fast profit or convert to rental property to produce long-lasting wealth.
So in this article, we want to share some of the reasons Tampa investment properties are so desirable, and attractive to the most sophisticated investors.
Tampa Bay Booming Economic Conditions
Tampa Bay is composed primarily of Tampa, St. Petersburg, and Clearwater. Besides these 3 cities, there are several more communities in the greater Tampa Bay area that have excellent investment properties. Some of these communities are coastal beach communities, and others are rural communities.
The 2007 recession caused major damage to much of our nation’s economic infrastructure. Many areas have yet to recover, but Tampa’s economy is doing very well, so much that demand for homes is outpacing supply.
Perhaps the greatest sign of economic strength and growth is employment. And when it comes to choosing a location to invest in real estate, a strong job market that is attracting new residents is of utmost importance.
Since the low point of 2009-2010, Tampa’s employment numbers have been steadily rising, and are forecast to continue rising.
Diverse and Growing Economic Base
The Tampa area is home to a variety of large and small businesses that are thriving. Companies such as Home Shopping Network, Microsoft, and Amazon all have a large presence in the Tampa Bay.
Another reason for booming employment in Tampa is a billion dollar, 40 acre waterfront project labeled The City Center Master Plan.
As a result of these short and long-term employment opportunities, the Tampa housing market will continue to benefit, and real estate investors will have continued opportunities to profit.
USF’s Growing Presence
The University of South Florida provides strong employment opportunities by drawing high-tech workers and students to Tampa. Research and development businesses are discovering the positive qualities of Tampa, and the benefits of a technological workforce.
All these factors add up to a growing job market in Tampa, which results in a steady demand for housing. For real estate investors, Tampa’s growing demand for homes is an opportunity to profit by flipping houses and owning rental properties.
Quality of Life in Tampa
When thinking about Florida, people think of a high quality of life, often while vacationing or during retirement.
Tampa is one of the best places to live. In addition to having some of the best beaches in the world, Tampa’s weather is outstanding, there is an abundance of cultural and recreational activities, and there are high paying jobs.
Tampa, therefore, attracts a diversity of people with different needs and desires. There are families with children, college students, career-minded post college graduates, retirees, part-time winter residents, and vacationers. All of this helps to make Tampa a perfect location for real estate investors, especially if they are seeking to develop a diverse real estate portfolio.
Graystone Investment Group
Graystone Investment Group is a real estate wholesaler. We have researched the Tampa Bay area neighborhood-by-neighborhood to determine where investments are likely to have the most most return on capital.
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.