Saint Petersburg, FL Before I jump into this article, I should begin by discussing why I chose to invest in real estate in the first place. The year was 2020…
Dealing with contractors can be complicated at times. How do you go about finding the right one? How do you know they’re good? Are they charging too much? Will they do a good job? Will they be easy to work with? Will they give you the run-around and mark up their prices? For good reason, these are questions that you’ve probably asked yourself.
The United States is not just one market, but rather it is a mosaic of thousands of real estate markets. During the same time that a city like Detroit could be hurting, a city like San Francisco could be flourishing. If you only invest in your hometown, you are forfeiting many potential investment opportunities in other markets all over the country.
In order to begin to attract investors, starting a business is one of the first key steps. For someone to invest in your business, you will need to develop the credibility that comes with being an expert and an educator in the industry. Of course, if you are just starting out, you will need to build this reputation from scratch.
The property at 61st Way N in Saint Petersburg, FL is one of the first investments I made as a real estate investor. It is a single-family residential home, a 4-bedroom, 3-bathroom 2,250 square foot home 15 minutes from downtown Saint Petersburg and 15 minutes from St. Pete Beach.
Once you’ve completed the necessary renovations and have made your property move-in ready, you are finally at the stage of looking for tenants to occupy the home. Pricing rents can be tricky. Charge too much, and no one will rent your property. Charge too little, and you’ve locked the property with one tenant paying sub-market rents.