How is the House Flipping industry in Tampa?
Hot as a frying pan would be little to tell the truth!
It is summer, temperatures reach 90 ° F almost every day, the sand of the beaches boils and children enjoy their holidays to have fun in the parks. It is no wonder that Florida is known as The Sunshine State. Some cities in this state have aroused the interest of big investors - really big investors.
Esse é o caso da região de Downtown em Tampa, que desde 2017 tem passado por uma renovação para se tornar uma metrópole moderna. Um projeto de 3 bilhões de dólares assistido por Bill Gates — entendeu quando eu disse que eram grandes investidores? — e Jeff Vinik, dono de duas das maiores arenas de eventos da cidade.
If you, like me, still do not have a few billion dollars to invest in Downtown, do not be discouraged, the sun shines for everyone.
In the same climate, the Tampa triangle, St. Petersburg and Clearwater, a region where the Fix & Flip sector is as hot as asphalt at midday, is inserted.
Map data ©2019 Google
On June 4, 2019, ATTOM Data published its report on 2019 Q1 about House Flipping and noted that among all the homes sold in the US 7.2% were Flip homes , a year ago this percentage was 6.7%. In the Tampa, St Petersburg and Clearwater regions this percentage is even larger, 10.1% points out the study , that is, for every 1000 homes sold in the region, 101 are flipped, making this one of the 10 Best Markets for House Flipping in the United States .
This growth is visible to anyone who has experience with Flip from homes in this region.
Every day new investors and houses on offer to flip with good prices also appear on the market. So for those who like the southern sun, they'll find me at Fix and Flip Beach in Florida for quite a while!
