Flipping houses stays red hot and Tampa Bay remains one of its favorite markets

Daniel Paloscio has an enviable record flipping homes. Last April, he and a partner paid $275,000 for a house in a coveted South Tampa neighborhood. After renovations, they sold it in November for $515,000 — a gross profit of $240,000. That wasn’t their only impressive flip. A Tarpon Springs house Paloscio snagged for $170,000 last year sold six months later…

Which Tampa Bay neighborhood home values will rise most this year? The answer may surprise you.

Most Tampa Bay residents have never heard of Westminster Heights. But the St. Petersburg neighborhood could give a lot of bang for the buck when it comes to investing in real estate this year. Lying south of Central Avenue between 49th and 58th Streets S, Westminster Heights tops Zillow’s list of the five bay area neighborhoods expected to show the…

Tampa is the second best city in the nation to invest in real estate, study finds

It has a hot, muggy climate, dangerous mosquitoes and a never-ending string of bizarre-o happenings. Still, Florida remains one of the nation’s best places to invest in real estate, and Tampa is one of the best cities to invest in. That’s according to GoBankingRates, which ranks Tampa second among the top 15 U.S. cities in which to own investment property….

Study: Property values increase in areas where Trader Joe’s locates

In addition to triple ginger snaps, orange chicken and wild mushroom & black truffle flatbread, here’s another reason to like Trader Joe’s: It might drive up property values. Both nationally and in the Tampa Bay area, homes near Trader Joe’s markets have shown a greater increase in value from time of purchase than homes near the stores of rival chain…

House flipping still paying off in Tampa Bay, though inventory shrinking

Last fall, Tampa-based Badger Investments paid $86,100 for a bank-owned house in St. Petersburg that was showing its age. Out went the wall-to-wall carpeting and the window air conditioner. In came granite countertops and stainless steel appliances. Badger put the house back on the market and sold it in May for $149,000 — a 73 percent gross profit. But those…