investing in rental properties in tampa florida
TRANSCRIPT
Our property sourcing methods
Factors that drive the single family home market
Florida: (Very) Brief Overview
Why we love Tampa Bay, and parAcularly Pasco County
Recent turnkey rental properAes we have sold
Brief summary of what we do in Tampa Florida
Frequently Asked QuesAons
Topics of discussion
Next Steps
What do we do?
Wholesalers & MLS
Proper5es Targeted
Single family homes in safe middle class areas
Typically 3 bed 2 bath homes measuring 1200 – 1500 sq U
Concrete block construcAon, valued at $75,000 -‐ $110,000
Direct MarkeAng
Our property sourcing methods
Public & Private AucAons
Many reArees downsizing and renAng, parAcularly in Florida
Consider the following trends
Highest number of renters in history. 35% of all US housing is rented.
Nearly half of all renters are families living together
Low homeownership rates, growing populaAon and relaAvely low construcAon = very fer5le ground for investors
RenAng is considered an acceptable lifestyle choice
What is driving the market for single family homes?
Millenials have different aspiraAons to previous generaAons
Florida – There is a lot more to it than sunshine
A $130 billion economy & biggest job creator in Florida in 2014-‐2015
Very large student populaAon. USF alone has more than 50,000 on campus.
Low cost of living, strong healthcare, year round sunshine and affordable housing
Mix of economic, cultural and natural advantages that is very hard to replicate
PopulaAon of 4 million, growing by 85,000 per year (Top 20 in the US)
What is special about Tampa?
US Central Command base and 7th largest commercial port in the naAon
Quality middle class stock available for less than $100,000
Huge pent up demand for quality rentals
Very strong rental returns: unusual for SFRs to deliver 8-‐9% net
Very well connected with Tampa´s vibrant economy
Easy access to major highways, schools, beaches, employers
PopulaAon esAmated to grow by 20% in next ten years
Why Pasco County?
Property 1: Avery Rd, New Port Richey (Tampa)
Big renovaAon included new roof, kitchen, flooring, creaAon of 4th bedroom and landscaping
Property 2: Jenner Ave, Port Richey (Tampa)
New roof, kitchen, paint, flooring, fenced yard, remodeled open plan living area.
Property 3: Farley Drive, Holiday (Tampa)
New floors, paint, addiAon of third bedroom and yard work. Roof & A/C were preiy new.
Wouldn´t it be beier to invest closer to downtown Tampa?
Who is responsible for renovaAng the properAes?
Is finance available for these homes?
Does this part of Florida have a high crime rate?
Are hurricanes and floods big problems in this part of Florida?
Frequently Asked Ques5ons
What is the purchase process?
Please email me at [email protected] and let´s schedule a conversaAon
Next Steps
Telephone: +1 321 806 1195 / +44 207 193 4024 / +353 1 4434 466 / torcana-‐colin (skype)
This is a very compeAAve market and we have a limited supply of properAes to sell
Further InformaAon: info.torcana.com (blog) & www.torcana.com (main website)