Rental houses in tampa bay area news,equity real estate las vegas nv,foreclosed homes in illinois for sale free tv - Videos Download

05.04.2014
Moneyed investors hunting home bargains haven't let rising prices slow them down, and in recent months have amassed a stronghold of Tampa Bay homes worth more than half a billion dollars. Eight big investors from New York, California and beyond have led an unprecedented land rush, gobbling up 4,000 local homes since early last year with more than $560 million in cash, a Tampa Bay Times analysis has found. Leading small armies of contractors, agents and analysts, investors are aiming to renovate their homes and rent them out to a swelling submarket of foreclosed former homeowners and long-term renters turned off by the prospect of owning a home.
A Times analysis in March found five of the biggest players a€” the Blackstone Group, American Homes 4 Rent, Silver Bay Realty Trust, the American Home Real Estate Partnership and Fundamental REO, now called Progress Residential a€” had spent $280 million in the last year buying 2,200 homes. But in the three months since, their holdings of single-family homes have ballooned even further, to more than $460 million spent grabbing up more than 3,200 homes.
With no signs of slowing down, they have been joined by other investors a€” Colony American Homes, Beazer Pre-Owned Homes and Waypoint Homes a€” that helped bump Tampa Bay's big-investor shopping spree past the half-billion-dollar mark.
The alpha dog of investors remains Blackstone, the New York private equity titan that owns SeaWorld, the Weather Channel and Hilton Hotels. While local property records show Colony has spent $57 million buying up nearly 400 homes, CEO Justin Chang says they own more than 1,000 across Tampa Bay, and have spent $170 million buying and fixing them up.
Some real estate watchers have predicted investors would quickly wind down their buying as price gains bit into their bottom lines.
In a Securities and Exchange Commission filing last month, Silver Bay said it had spent more than $100 million buying and renovating its 900 Tampa Bay homes, half of which were rented. Investors said they are still set to buy up some of the thousands of homes repossessed through foreclosure and now winding their way to auction.
About half of all Tampa Bay home sales these days are paid in cash, but it's not all from the big guys. Investors are still casting their nets mostly in suburbia, where homes are often bigger, newer and cheaper than their urban counterparts.
Though they came here seeking bargains, their competition has helped drive prices upward, with the average investor home sale in Tampa Bay climbing from $100,000 in May 2012 to $162,000 last month.
One of the first big investors to jump into home rentals, Carrington Holding, has started to jump out by selling its homes, saying climbing prices and rampant competition has served to sour the deals.
And in a national ORC International survey this month, nearly half of polled investors said they planned to cut back on buying in the coming year. Investors also are encountering what longtime landlords say is the toughest part of the business: property management. When he complained, he said, Blackstone's Invitation Homes quickly dispatched contractors he thought were unlicensed, and whom he refused to let inside. Within weeks, he said, the firm had sent out licensed contractors to fix up the home, but he worried the same problem was happening elsewhere on a massive scale. Ultimately, the level of care investors show for their homes won't just affect their tenants. In one Valrico subdivision, Josette Paresi, 64, recalled when her next-door neighbors moved out in the middle of the night, leaving their yellow cookie-cutter home abandoned for months. In January, when American Homes 4 Rent bought the home for $250,000, Paresi expected the new owners would finally cut the overgrown lawn, clean the pool and fix a falling-down fence. Enjoy the Tampa lifestyle in this pet friendly, 3 bedroom, 2 bath home in the city of Tampa. Mirroring the activity of many popular markets, housing trends in the Florida Gulf Coast dictate that the affordability of new homes in Tampa, FL continues to increase.
The three Easton Park communities (The Winds, The Breakers, and Nature’s Corner) offer buyers an excellent location nestled in the best of both worlds, giving a rural feel while seconds away from city life. In contrast to the statewide figures, one of Florida’s most desirable living areas, located on the Gulf Coast, continues to experience a price decline.


For example, the report stated that the median sales price for homes in Tampa FL for May 09 to Jul 09 was $144,001. Mira Lago offers one to two-story new homes in eight roomy floor plans and four elevations.
Set along the Little Manatee River and Tampa Bay, these Tampa Bay homes for sale offer you a relaxing peace of mind with small town surroundings.
In a single day's itinerary you might include breakfast at a waterside cafe, a visit to Busch Gardens Africa, The Florida Aquarium, a streetcar ride to Channelside for shopping, see a Tampa Bay Buccaneers game, topped off with a stay at one of our luxury hotels or resorts. Of course there is always the sugar sand beaches, jet skiing, sport fishing, parasailing, and snorkeling.
If you want to live in such a first class world destination, check out Palm River - Cascade Collection community. To check out, Palm River - Cascade Collection by KB Home go to 4812 Palm River Road, Tampa, FL 33619.
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Use the form below to delete this In May 1981 A Gigantic Sinkhole Developed Over The Course Of Day image from our index. The firm's subsidiary, Invitation Homes, has since August spent more than $250 million acquiring 1,650 homes in the Tampa Bay area a€” a rate of $840,000 a day.
Many home sales are registered under throwaway companies, bought in secret or delayed before becoming public record, masking the full fury of their gold rush. We're buying there every week," said Chang, whose Arizona investment trust is owned by private equity firm Colony Capital. And it's not just happening here: Blackstone has spent $5 billion across the country buying and renovating 30,000 homes, a spokeswoman said. In the past half year in Hillsborough County, bidders tied to five of the biggest investors spent $75 million buying 600 homes in foreclosure auctions alone, records show.


Big investors' home buys represent only a fifth of the 20,000 cash sales since February 2012, as smaller investors and mom-and-pop landlords have swamped the market. Deutsche Bank, the mega-lender that has fronted Blackstone's home-buying arm more than $2 billion, is planning to dole out money for smaller investors looking to get in on the action.
Those homes, investors said, are also more attractive to a family crowd tired of apartment life. About 85 percent of Invitation Homes' online rental listings are priced above $1,200, the average rent for a single-family home in the bay area. Most said they planned to hold onto their rentals for five years or more to sop up the cash flow from rising rents. She worried vandals would break in and trash the place, but she couldn't just bang on the door or rally the neighbors. Placed within one of the most popular areas in Tampa, these homesites are ideal for commuting to jobs, schools, hospitals, and the University of South Florida – all within easy access to downtown Tampa. If desired, new owners can enhance their homes even further with the help of a 5,000 square foot design center. The Trulia report for Tampa Market Trends disclosed that in the week ending August 5, the average listing price of Tampa Bay homes for sale was $329,035. No one can say for sure, but if the rise of home prices statewide is any indication (see below), it may be wise to act sooner than later.
Rich with history and community, residents at Mira Lago can enjoy fishing, boating, water sports and everyday living in this tropical paradise. Then on to historic Ybor City where the Cuban sandwiches are spicy and crunchy, the cigars are hand-rolled, and the colorful streets are lined with excitement. In January join the party as rowdy swashbucklers invade Tampa Bay for the Annual Gasparilla Pirate Festival.
Each townhome floor plan offers 3 story homes, 2-3 bedrooms, 2.5 bathrooms, 2-car garage, spacious kitchens, and is ENERGY STAR qualified, prices starting at $129,990. In fact, from April 28 to May 4, the eight investors tracked by the Times spent $20 million, one of the busiest weeks yet. Those loans, of $10 million to $50 million, could turbocharge the market by freeing investors from having to fund their investments with cash.
Area schools include Dickenson Elementary, Webb Middle, and Jefferson High, and Skyway Park should make access to outdoor recreation easy. Other bonuses include Energy Star Certified appliances, a 30 year structural transferable warranty, and a Brinks security system. Mira Lago offers Tampa Bay homes for sale within a gated community located near the river and the bay its self! So grab your flip flops and sunglasses and prepare for an unforgettable getaway in fun-filled Tampa Bay! This community sounds more like a resort with a pool, cabana, conservation areas and ponds throughout the community. For community amenities, Easton Park offers something for everyone: paved, partially covered walking paths, a sparkling pool, and (of course!) a tot-friendly playground.
Close to shopping and beaches, the community features a resort-style pool with cabana, sparkling lakes, and a nearby park. With perfect amenities for families or the just starting off new home buyers, Mira Lago is overflowing with designer accents, upgrades and features throughout these new homes.



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