Purchasing an Investment Property in Clearwater, Florida...What You Need to Know

By
Mortgage and Lending with Your Tampa Bay Mortgage Source

Clearwater FloridaAre you thinking of buying an investment property in Clearwater, Florida?  Maybe you are interested in future planning for your retirement.  Or, maybe you are planning to take advantage of the market in Clearwater.  Whatever your long term goal for the property, there are some important guidelines to follow when purchasing your property.

Here are three guidelines to follow to purchase your Clearwater investment property:

1. Find out what you can afford and the best way to finance the property that meets your long term goals

When a consumer sets out to become a real estate investor, the first step should be securing financing.

2.  Work with a local Real Estate expert

In my experience, most investors need to have the consulting services of a local professional who knows the market and the real estate.  For Clearwater Beach Florida, your contact is Cyndee Haydon, Real Estate Consultant.  Cyndee and Jack Haydon use their local knowledge to research all the options for their customers.

It is easy to get answers to these questions in more by contacting Cyndee.  The Haydons can also help you search the Clearwater MLS for all the available properties.

3  Do the homework and work the numbers

Every property will have its own figures that will make or break the property.  Working with a mortgage and Realtor team will give you the consulting services to make an educated decision on each option.

When you make the decision to invest in Clearwater real estate it is important to have a team of professional consulting every step of the way.  Whether you are purchasing a condo, townhome or single family residence for the investment, our team can help you secure a future investment that will leave you smiling in the sun.

~Read more information on Clearwater Real Estate on My Tampa Mortgage Blog

Smiling Sun

 

 

 

Comments (14)

Joe Adams
Major Mortgage USA/Branch Manager - Montrose, CO
Iteresting and timely for me as I am trying to narrow down some future retirement spots. Thanks
Jun 18, 2007 11:55 AM
Kaushik Sirkar
Call Realty, Inc. - Chandler, AZ
I always add in...have a decent sized cash reserve.  Vacancies, repairs - they always tend to rear their heads at the most inopportune times...
Jun 18, 2007 12:15 PM
Cyndee Haydon
Charles Rutenberg Realty - Clearwater, FL
727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes

Leah - thanks for highlighting the opportunities for investing in Clearwater and all our beaches. They're not making any more beachfront - so it's always in high demand. Right now we've seen some great buys on beach condos and homes - we'd welcome the opportunity to work with those who want to know more.

Thank you for the kind words. Jack and I appreciate having a mortgage expert like you to work with.    

Jun 18, 2007 12:38 PM
Thomas Weiss
Thomas R. Weiss - West Palm Beach, FL
Well it's nice to know all of the info you provided on clearwater, don't tempt us you don't want any new brokers moving there.Big Smile......
Jun 18, 2007 01:42 PM
Jeff Belonger
Social Media - Infinity Home Mortgage Company, Inc - Cherry Hill, NJ
The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

Leah....  as you mentioned, the biggest thing that so many do at the end, is doing their homework. And when they do crunch numbers, they are shocked that many investments are gold mines at first, unless you put some money down. From what I see, they want to put little down, but still make money in the first year.  good post.

                                                                                                          jeff belonger

Jun 18, 2007 05:25 PM
Katrina Madewell
Charles Rutenberg Rlty- More than 5,000 agents(813) 777-1196 - Tampa, FL
Tampa FL Homes for sale | Tampa Bay - (813) 777-1196
Nice Post Leah, way to support Jack & Cyndee Haydon.  They give 100%, like me.  I would certainly refer clearwater clients to them and I may have one coming up soon.
Jun 19, 2007 08:55 AM
Jack Haydon
Charles Rutenberg Realty - Clearwater Beach, FL
Clearwater Beach Condos - Real Estate Homes for Sale

Leah,

Great post! You can't go wrong buying a beach condo on the Gulf of Mexico, and we have some of the best beaches in the country.

Jack

Jun 19, 2007 03:11 PM
Peggy Edwards
Future Home Realty - Westchase, FL
REALTOR - Green Designation, e-PRO, Tampa Bay, FL
Hi Leah, very nice post.  I'm with you regarding Cyndee and Jack.  They would be my first choice for referrals to their area.
Jun 23, 2007 03:29 PM
Kaye Thomas
Real Estate West - Manhattan Beach, CA
e-PRO, Manhattan Beach CA
Leah- good points for potential buyers to kknow.. and Cyndee is the best..
Jun 23, 2007 04:20 PM
Leah Ross
Your Tampa Bay Mortgage Source - Tampa, FL
Tampa, Florida Mortgage

Joe, glad the article was helpful!  We are here to serve!

Cyndee, I only speak the truth!  You and Jack are the go-to source in Clearwater for real estate!

Tom, thanks for the comment!  I will allow certain brokers in the area :)  Qualifications to follow..haha!

Jeff, thank you for the comment too!  Just when you thought you were done with school, more homework!  The good news is, when you are working with the right consultants, they will do much of the research for you!

Katrina, thanks for the comment!  You are right, giving 100% is the key, that is why you are in my circle...I surround myself with the best :)

 

Jun 24, 2007 12:31 PM
Leah Ross
Your Tampa Bay Mortgage Source - Tampa, FL
Tampa, Florida Mortgage

Jack, honestly, who wouldn't want to live on the Gulf of Mexico?!?  Today the radio forecaster said the water in the Gulf was "like bath water"...need I say more :)

Peggy, thanks so much for the comment.  Glad you also feel the same about Cyndee and Jack! 

Kaye, thanks for the comment and stopping by!  Kudos to Cyndee!

Jun 24, 2007 12:33 PM
Susie Roscoe
Signature Realty Associates - Brandon, FL
Real Estate Specialist | Brandon, FL
Leah - you're right!  Can't go wrong with Clearwater Investments or using Cyndee and Jack Haydon! 
Jun 24, 2007 09:38 PM
Phillip Cross
TBD - In transition... - Seal Beach, CA
ePRO Realtor - Relocation Spec
Leah, Terrific post. Nice information and easy to follow layout. Great photo by the way, the water looks sooo inviting.
Jun 26, 2007 05:12 AM
Leah Ross
Your Tampa Bay Mortgage Source - Tampa, FL
Tampa, Florida Mortgage
Phillip, thanks for the comment!  You will have to come check out our Gulf waters, they are so inviting!
Jun 26, 2007 06:38 AM