Residential houses in Tampa
Classic buy-to-let at very affordable prices
Double digit net yields available from professionally renovated and managed foreclosure property - full turn key solution.
In common with many US cities Tampa has suffered as a result of the financial crisis. Many families have lost their homes through the foreclosure process but for investors in the city, there is much to be optimistic about:
Low property purchase prices
Rental market strong
High average rents
Shortage of social housing
Growing population - maintaining future demand
Wall Street Journal “Top 5 investment markets”
Third largest city in Florida
Our Partners in Tampa are the largest wholesale buyers in the City and also have a mature, long established management company into which investor Clients properties fit seamlessly into. Nothing about the Tampa proposition is open to guesswork because of the vast experience available on the ground.
This selection of properties is from the existing managed portfolio comprises both block built and wooden houses. Our recomendation would be that Clients go for block built for long term durability but we respect any preference.
We wanted to give our Clients a personal insight into the personality and aspirations of the man behind the most successful wholesale and management company in Tampa.
lee interview combined.pdf
Adobe Acrobat document [434.4 KB]
Typical Cash Flow Forecast
The purchase price shown is a total price for the property purchased at foreclosure/auction and fully renovated to include all legal and closing costs.
Buying a property in Tampa
We actively encourage Clients who are interested in Tampa property to visit the city and organised trips are arranged to this effect. Houses can be purchased site unseen but we would prefer you to visit if at all possible.
If this would be your first US property purchase you need to consider the following (all of which we can help you with):
Consult UK / US tax specialist for advice on tax
Set up trading platform with FX company
Apply for ITIN number (US non resident tax payer ID number)
Open US Bank account
Owning a residential property in Tampa will provide you with a professionally renovated house, managed by a highly experienced team and which will earn you a very high rent and place you in the right market zone to capitalise on any future growth potential. The existing rental market is very robust and rentals are generated both on the open market and via the US Governments HUD or Section 8 programme. The Section 8 programme is popular with private investors because all, or, a portion of the rent is payable via the social housing programme directly to the landlord. More Details can be found on the HUD website - HUD Section 8
Best of all, we are confident with our US supplier and management company that you will have a seamless purchase and ownership experience simply based on the fact that the existing model is already in existence and you are not just buying an investment property but aligning yourself with a highly professional management company.
Alternative Investment in Tampa
- You want to invest pension money
- You don't want the hassle of overseas property
- You have some funds, but not enough
If you like this idea but fit one of these categories, there is now a fantastic alternative set up by the Promoters and Management Company and secured by an FSA regulated Trustee here in the UK.
If anything it is even more secure than direct purchase because a third party Trustee holds a charge over the properties and there are clearly defined dates and amounts of interest that is paid as well as a pre determined exit date.
For more information click HERE or click on the logo below to go to the web site.
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