Florida is more than just the sunshine state but a potential gold mine. Florida is a fascinating state when it comes to the real estate industry, especially owning and buying rental properties. There is currently an increase in demand for homes, especially single-family homes, which sometimes doesn’t translate to more homebuyers. Though Florida prides itself in low housing prices statewide, people often opt for renting rather than buying, which in turn has skyrocketed the rental rates of Florida.
Amidst these complications is the low property tax and insurance, as well as no state income tax. Florida is an excellent state for retirees, and many who prefers enjoying the comforts of life. In short, Florida’s real estate market can be said to be one of the most complicated in the world. If you are an investor, you need to be clear about where to buy an investment property in Florida if you’re going to meet up with investment goals.
You can work with the number 1 wholesaler in Tampa, Florida to get the best investment property now!
Where to buy an investment property in Florida
Increasingly, the population in Florida keeps growing, with over 20 million people currently living in the state. This population boom translates to much potential for home buyers and property investors. So, once you know where to buy an investment property in Florida, you definitely wouldn’t have any problem selling or renting for good returns in the market.
However, can you easily find distressed homeowners in Florida, a place with one of the best opportunities for buying, renovating, and selling houses? Knowing where to buy an investment property in Florida is a difficult task for new investors who are conscious of investment success. There are many options of where to buy an investment property in Florida, however, if you’re looking for a ripe market that can yield returns quickly with less stress, think of Tampa, Florida.
The Investway Group, provides adequate resources for Tampa, Florida real estate investment.
There is currently an increase in home prices in Tampa, Florida. However, intelligent investors can still find properties at affordable prices, rent them out, and generate wealth. Tampa’s economic prospects have boosted the city’s attraction for rental property owners. It is a fact that the year-over-year employment growth of Tampa beats the Country’s average. U.S. nonfarm employment rate increased approximately by 1.6% from 2017 to 2018, while Tampa managed a staggering 2.3% increase, according to the Bureau of Labor Statistics.
Tampa’s employment sector consists of one of the top-10 fastest-growing occupations in the Country following BLS Employment Projections. Healthcare and Social assistance are the most common employment sector in Tampa, with jobs like; nurse practitioners, home health aides, physician assistants, and personal care aides.
Highlighted below is a breakdown of some prominent figures to consider when looking for where to buy an investment property in Tampa, Florida.
- Median list Price – All homes: $312,995
- Median list price – Condo: $239,900
- Median rent: $1,405
- Rent list price: $1,527
- Average 30-year fixed mortgage rate: 4.40%
- 1-year job growth rate: 2.3%
- 5-year population growth: 12%
The projection of Tampa’s population is perfect for potential property owners and investors. Since the year 2013, Tampa’s population has increased by an impressive 12%, which is one of the highest in the Country. Tampa’s local economy is worth a staggering $130 billion, making it one of the best locations to buy and own rental and investment properties.
Having understood the potential of the Tampa real estate market, investors will agree that it is one of the best places to buy an investment property in Florida. However, one cannot just jump to the field and start buying without knowing full well where to buy an investment property that can yield high returns. Check out the Investway Group of Florida who has been providing profitable investment property for about a decade.
Getting the best leads
For better investment decisions and direction in Tampa’s complicated real estate market, it is better to work with an established investment company with hands-on experience in the Tampa market. More reason why you have to work with the InvestWay group, to get investment properties that can fit your financial and investment goals.
The InvestWay group is a real estate investment company with the best wholesale investment properties in Florida. We have been operating in the Florida real estate market for close to a decade and has so far established ourselves as the wholesaler where other wholesalers purchase their wholesale investment properties. We are buying investment properties with a high potential market value in the as-is condition, spruce them up and resell for good profits, which enables us to deliver high investment returns to our partners and investors.
If you are looking for where to buy an investment property in Tampa, Florida, think InvestWay Group. Working with our dedicated team gives you a lifetime guarantee of success in the Tampa, FL real estate business.
If you are excited by the investment possibilities in Tampa, Florida, get in touch with us at the InvestWay Group today, the cheapest place to buy investment property in Tampa, Fl.