Dillon Cook
DealCooker
Dillon Cook

Video - Buyer / Investor

PadSplit Location & Parking: Avoid These Mistakes!

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00:00

I know floor plans are crucial, right? You have to have a good floor plan. It's not just how much square footage...

00:15

the wrong property? >> Yeah. Yeah. Yeah. I'll I'll touch on both. Right. So, one is if you think about this, you...

00:30

You can, but you don't have to be, but you need to have some other rentals around cuz you're going to have...

00:43

houses out in the middle of nowhere, they're going to have to drive and you're going to need more room for parking.

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Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

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  • 00:00 I know floor plans are crucial, right? You have to have a good floor plan. It's not just how much square footage…
  • 00:15 the wrong property? >> Yeah. Yeah. Yeah. I'll I'll touch on both. Right. So, one is if you think about this, you…
  • 00:30 You can, but you don't have to be, but you need to have some other rentals around cuz you're going to have…
  • 00:43 houses out in the middle of nowhere, they're going to have to drive and you're going to need more room for parking.

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Caption transcript. This text is pulled from YouTube captions and may contain minor wording errors.

[00:00] I know floor plans are crucial, right? You have to have a good floor plan. It's not just how much square footage that plays a role, but you know, I don't know like what other blind spots do you think that there are for investors when they're when they're when they're actively buying so they don't buy like

[00:15] the wrong property? >> Yeah. Yeah. Yeah. I'll I'll touch on both. Right. So, one is if you think about this, you don't want to be the only rental in a community and especially you don't want to be the only padsplit rental, right? So, you don't have to get in a 100% rental community.

[00:30] You can, but you don't have to be, but you need to have some other rentals around cuz you're going to have a few extra cars. Again, if we have an eight-bedroom house, typically we don't have eight cars. About half the people drive. The closer you are to the city, the less they drive. These one-off

[00:43] houses out in the middle of nowhere, they're going to have to drive and you're going to need more room for parking.

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Related Questions

Questions this video helps answer

How do I buy and sell at the same time?

It is a juggling act, but it is doable with the right plan. The key is timing your sale and purchase so you are not stuck paying two mortgages or left without a place to live.

Sometimes that means listing your current home first with a flexible closing date. Other times it means making the purchase contingent on selling your current home. There are also options like rent-backs, short-term rentals, or using equity to bridge the gap. I walk clients through each scenario and the numbers behind it.

How far in advance should I plan if I am relocating to Tampa Bay?

Ideally, start planning three to six months in advance. That gives you time to research neighborhoods, get pre-approved for financing, schedule home tours, and arrange moving logistics.

If you are selling a home in another state, I can coordinate with your local agent so the timing is more controlled and you are not stuck in limbo between closings.

How long does it usually take to close in Tampa Bay?

Most closings in the Tampa Bay area take 30 to 45 days from contract to keys in hand. Cash deals can close in under two weeks, while VA, FHA, and conventional loans often take closer to 45 days.

The biggest factors affecting the timeline are financing, inspections, repairs when necessary, and appraisal. I help keep the process moving by coordinating directly with lenders, inspectors, and title companies.

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