Tampa Real Estate Market Has Hit Bottom!

Posted on January 6, 2013 by

Isn’t that a great headline! Wouldn’t it be great to have hit the real estate bottom in Tampa?

We all know that the real estate market in any city is micro economic. This means that you can pick an area that is white hot… and within one mile of that location you will find an area that is dead like week old fish. You need to know where the white hot areas end and the dead fish areas begin: these are micro-niches. You need to find the micro-niches—YOU NEED INFORMATION, information that I can help you find.

If you are an investor who is determined to buy real estate immediately, then this information is for YOU.

Okay, you’re determined, but you don’t have $200,000 stuffed in your mattress, and you’re nervous about investing. Everyone is, but the good news is that the market is looking better—and there are experts like me in the field with good information. The Tampa market is moving forward with investors who have a business model of buy and hold. The buy fix and sell is being done on a very limited basis. The end product for your buy fix and sell has to be priced aggressively and have superior finishes.

In the Tampa area, investors are buying properties at a rate of 60% of the total sales. 50% of the total sales in the hot zip codes are cash sales. This is a buyer’s market. You need to get in the game NOW! The wholesale business strategy is working but they have to be priced right!

If you want the keys to your dreams and to your wealth machine, keep reading. Right now, you may not even know what you need to know! Below I’ve provided the kind of information that you will need to collect and, as your mentor, I will teach you how to find it and how to use it to your benefit.

I know what you need to know:

You need to know that the fourth quarter figures are in: the Tampa market is looking much better than it did earlier this year. You need to know that the phantom inventory is still there, and that the bank owned sales are not keeping pace with the foreclosure rate. The Phantom inventory is growing ever so slightly (3%). If you are a land-owner, the bank is on your side. You need to know that the banks are keeping the prices artificially higher and that the absorption rate of houses in the Tampa market below $100,000 is flat.

You need to know that right now, the white hot areas of the city are in the zip codes below. These are areas where you can cash flow. You can do the buy fix and sell business model and most definitely the buy and hold. The zip codes outlined below have the highest number of properties being sold below $175,000. The price point below $50,000 is shrinking and prices are drifting up.

Hillsborough County

  1. 33573  cypress, Del Webb, W, BFH
  2. 33578 BFS, BFH
  3. 33610 W, BFH, BFS
  4. 33511 BFS
  5. 33647 BFS
  6. 33604 W, BFH
  7. 33570 BFS
  8. 33614 W, BFH
  9. 33594 BFH
  10. 33612 W, BFH

Pinellas County

  1. 34698 Ambrelea, Barrington hills BFH, BFS
  2. 33710 Sheryl Manor/ lake Pasadena/ jungle BFH, BFS
  3. 33756 BFH, BFS
  4. 33702 W
  5. 33709 W, BFH
  6. 33707 BFH
  7. 33763 W, BFH
  8. 33705 W, BFH
  9. 33771 W, BFH

BFS= Buy Fix Sell, W= Wholesale, BFH = Buy, Fix and Hold

You need to knowthat the dead fish areas are those located in the zip codes. The zip codes have the lowest number of homes sold below $175,000. If you’re looking to buy or sell in these areas you’re going to be waiting a long time.

Hillsboro County

  1. 33527
  2. 33565
  3. 33567
  4. 33598

Pinellas County

  1. 33762
  2. 33704
  3. 33715
  4. 33776

I know what you need to know. When I meet with my real estate group on the first Tuesday of each month, I know that I am giving everyone valuable information. I have become increasing successful in real estate over the past 30 years. I am qualified to coach and mentor you. I know this because I have mentored many people who are now extremely successful.  I don’t live in the Tampa area, but I know the hot areas in Tampa and the dead fish areas. If you’re interested in getting this type of quality information then you will want to schedule with me a time for your education.

I want you to be one of these people.

You need to BUY NOW!

What are your next action steps? Wholesale and build your wealth portfolio.

Get into the game! Start wholesaling!

I want to thank Lynne Florian (813-220-5278) for helping get this data.

Please contact me for affordable, 1 hour on-line coaching sessions twice a month at low cost of $49 per month.

Russ HinerRuss Hiner is an active real estate investor, coach and mentor. Russ is currently the leader of the Atlanta REIA Creative Deal Structuring Group and Atlanta REIA Mastermind Group. Russ also teaches several workshops throughout the year on a variety of real estate investing topics such as Negotiations, Wholesaling 101, Wholesaling 401, Real Estate 101, Property Management and more.

Contact Russ Hiner

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