ep14 – Tampa Real Estate Market: a Florida Economic Enigma?

The Tampa Real Estate Market marches to the beat of its own drum.  While the beach communities of Manatee, Sarasota and Pinellas follow the State’s tourist market, Hillsborough and Polk counties have a solid industrial and transit base. Tampa International Airport is the largest in the area and Ports Manatee and Tampa are significant players in the bulk and container maritime markets.  Tampa, however, was slow to emerge from the real estate downturn and has had a history of surges followed by uneven growth.  Tim Becker, Director of the Bergstrom Center at the University of Florida, talks about the economic base in Tampa and what the future holds for the Tampa market for 2015 and beyond.

Tim Becker, Director, Bergstrom Center for Real Estate Studies, is our special guest for this third of a four part series of the State of Florida’s major real estate markets, in preparation for the Center’s Trends and Strategies Conference February 26-27 in Orlando, Fl.

 

If you are an active or aspiring real estate investor in the Florida markets, you will definitely want to catch all four parts of the series.

 

Check out this episode!

EP13 – {Podcast} When Did You Start Investing in Real Estate?

…this investor considered buying his first property shortly after buying his first car! Listen to more:

tony Muniz tampaTony Muniz, a Tampa, Fl native, started off in real estate investing at the ripe old age of 18, with no money and little real world experience.  Tony bought his first home in 1979 for $5,000 by convincing an owner to provide him financing.  By the age of twenty two years old he owned approximately eighty homes throughout Ybor city and Sulfur Springs.

Like every other real estate investor in America Tony was affected by the economic downturn of 2008, but he not only survived he came out stronger and shares his his experiences on tough markets.

Quotes and Tid Bits of Advice:

  • Real estate investors, especially, have to live within their means.”
  • Have the ability to realize when you are simply not fit for an investment.  Tony reveals that sometimes you need to, “Do what you do best”.  You should not waste your time, energy, or resources on tasks that you are not able to complete successfully.
  • Sometimes its better to me lucky than to be good…..Tony believes that Tampa’s bubbling economy contributed greatly to his real estate success.
  • Losing money is not necessarily a bad experience. The only way to know how to not get your nose bloodied is to get your nose bloodied and then make sure it does not happen again

Is he still in the Market?

Tony is currently looking to invest in retail centers that are anywhere from 20,000-50,000 square feet.

Most influential educational tool? Nothing Down: How to Buy Real Estate With Little or No Money Down ~ Robert Allen.

Favorite Restaurant –  Carmine’s in Ybor City.

The best way to reach Tony is his email Tony@gabrieltampa.com or his cell phone number which is 813-932-7944.

EP12 – Orlando Real Estate Market: It Is More Than Mickey Mouse

Mobile:

Desktop:

Tim Becker, Director of the Bergstrom Center for Real Estate Studies at the University of Florida talks Orlando in the 2nd of 4 part series, covering the major real estate markets in the State of Florida.  In anticipation of the Bergstrom Center’s Trends and Strategies conference February 26-27 in Orlando.

Check out this episode!

EP11 – Florida Investor Overcomes Obstacles to Own over $1m in Real Estate

Pinellas Real Estate InvestorTony Montanez was stuck in the daily grind of his carpentry and handyman business, but he dreamed of taking control of his professional life and longed for financial freedom. He saw real estate ownership as the potential solution.  The problem, however, was that the downturn in the market had hurt his credit and it was challenging for him to acquire the debt necessary to make ownership of real estate in critical mass a realistic possibility. But, Tony did not let his dream die quietly. Armed with the skills he had learned as a tradesman and the willingness to network whenever and wherever, Tony set the wheels in motion.  Creativity and open mindedness helped this Pinellas County investor obtain success in a very short period of time..

Listen to how Tony overcame his personal obstacles to put him on the path to realizing his goals and dreams.

Check out this episode!

Show Notes:

Quotes:

“One of the worst things an inexperienced investor can have is good credit and some money”
“You can only do so much behind a computer.  Deals are done meeting with people.”

Favorite Florida Restaurant:

Bonaire – St Petersburg Beach – 36:30
Email 
tonymontanez.com
Tony’s Band – Big Moon Rocket

EP10 – What is Happening in Miami Real Estate Development? Where Is the Market Headed?

The Miami real estate market is one of the most resilient markets in the world and certainly the strongest market in the State of Florida.  It was left for dead after the 2008 market downturn and even optimistic projects estimated it would take at least a decade to rebound.  Fast forward to 2015 and the Miami market is seeing eye-popping growth, not only in construction starts, but also a rebound in prices.

193x257_TimBecker_9988Tim Becker, CCIM & Director, Kelley A. Bergstrom Center for Real Estate Studies, is our special guest for this first of a four part series of the State of Florida’s major real estate markets, in preparation for the Center’s Trends and Strategies Conference February 26-27 in Orlando, Fl.

In this part of the series Tim gives a brief overview of what is moving and shaking in the Miami real estate development scene and some areas of potential concern.  If you are an active or aspiring real estate investor in the Florida markets, you will definitely want to catch all four parts of the series.

 

Check out this episode!

Contact info:

Twitter
Linkedin
Stutzin Hall
PO Box 117168
Gainesville, FL  32611-7169

EP8 – Flood Insurance Changes Coming….How Will the Changes Affect Florida?

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UPDATED JUNE 1, 2015 —–> More Flood Insurance Changes

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Storms and potential flood issues are of considerable concern for the Sunshine State. The coastal areas are the ones that people assume are associated with flood insurance, but low lying areas throughout the State are also subject to flooding issues.

FEMA has recently created new flood maps that have been put in to place. These new maps are placing more areas into flood zones and that’s creating the need for more Florida flood insurance.

26082_103991646307528_1113589_nYour homeowner’s insurance policies only cover so much. Investors and homesteaded property owners alike should carefully review their policies and need for coverage on a regular basis.

But, change in FEMA maps are not the only changes that have caused alarm in the pas couple of years.  Changes at the legislative level in 2012, referred to as the the Biggert Waters Act, intended to gradually phase-out subsidized rates flood insurance rates for about 20% of property owners.  As soon as the Biggert-Waters laws were passed, there was a public outcry about the changes.  Florida was hit harder than most  states in terms of insurance rate increases and the law threw ice water on a real estate market that was just starting to emerge from one of the worst downturns in history.  But, seemingly, as soon as the law was passed, it went away…or did it?

On March 13, 2014, Congress amended the 2012 Biggert-Waters law with the “Homeowner Flood Insurance Affordability Act.” The 2014 Amendments strive to resolve many of the unintended consequences due to implementation of Biggert-Waters, but many concerns still exist.  Chris Coleman of the Coleman Insurance Agency in Dunedin, Florida join us to discuss how the laws will affect the market and what investors can expect for the future.   This is a show you will not want to miss as making a mistake on calculating flood insurance for the future could prove to hazardous to your bottomline on your real estate investments.

Chris Coleman can be reached at —->
Website
727-239-4971

New & Noteworthy iTunes

Thank you to our listeners. The Invest Florida Show has been up for only one month but yesterday we made the New & Noteworthy section on ITunes. This is an accomplishment. Evidently there is an interest for information on making real estate investments in Florida.   Below is a screenshot of a post on Facebook made by one of our listeners

New and Noteworthy itunes

We hope to provide actionable information on investing with a focus on Florida. Podcasting is a terrific medium that enables learning while still pursuing a hectic schedule. Anybody who invests in real estate can certainly attest to hectic schedules.

We will continue to produce quality shows with informative hosts. Please stay with us and grow with us.

 

EP6 – Sale-Leaseback from a Seller and Investor Perspective

saleleaseback-1024x361A sale-leaseback is when a business entity sells its commercial real estate property to an investor with prearrangement to lease the property to the seller, typically with a long term lease. The business entity receives the market value of the property and gains liquidity, while the investor earns a return on his investment from a credit worthy tenant with a track record and commitment to the property.

Sale-Leasebacks can be a win-win situation for Investors and Sellers.  What type of sellers should consider this structure? What can investors expect and look out for when taking advantage of these opportunities?.

Check out this episode!

EP5 Dan Pepper – 5 Pitfalls of Conducting Due Diligence on Real Estate

Dan Pepper is a young guy with a lot of experience.  He is a value added real estate investor. While he has invested in many different asset classes, his focus is on multifamily Dan Pepper - Tampa, Floridadwellings.  He is going to share with us his 5 biggest pitfalls of conducting reviews of investment properties.  Due Diligence …the nuts and bolts of real estate decisions.

Check out this episode!

 

 

Show notes:

Linkedin Profile

Tip for Investors – Asking questions

Advantages of being being a landlord in Florida

Favorite Restaurant – Sally O’Neal’s 

Meaningful Educational Text – 

Dan’s Company – Palm Communities Apartments