INSIGHTS SPRING
2022
TAMPA OFFICE 2202 N Westshore Blvd. Suite 200 Tampa, FL 33607 MIAMI OFFICE 2332 Galiano Street, 2nd Floor Coral Gables, FL 33134
Imperial Asset Management specializes in opportunistic real estate acquisition and strategic funding opportunities.
Imperial Asset Management
YOUR FLORIDA INSIDER
Mark
Tampa Housing
DEMAND FOR GOOD RENTALS IN THE AREA There is no doubt that Tampa Bay has the hottest housing market in the country. While housing prices in the Tampa Bay area have increased over 27% and the Tampa housing market is still growing steadily, individuals, investors and businesses from around the
2 /
INSIG HTS
country are drawn to the Tampa Bay area due to the still relatively low housing prices (compared to other metropolitan areas), strong economic growth, and great location and weather. In fact, companies like Zillow and Redfin have leapfrogged Tampa to the #1 spot in
the country’s housing market with housing prices increasing over 27% since mid-2021. Add this to the fact that the inventory of homes for sale in the Tampa Bay area is down by almost 36% over the last year and you have a formula that equals a great place to invest in a home.
ket
“Our average rental price is currently $2,100 with new rentals coming to the market soon and our homes have appreciated at an average of 31% already with our last property appreciating 20% within a month!”
“...with our own in-house property management team, we have our rentals streamlined and ready to go with quick, efficient and professional service.”
The rising cost of homes across the area has also pushed Tampa to the #1 spot in the r ental market with rents skyrocketing over 30% since 2021. Individuals and businesses from nearby cities like Atlanta and Miami are flocking to Tampa Bay because it is more affordable even if the prices seem to suggest otherwise. However, with the rising prices, many first-time home buyers are finding it hard to compete and help drive the demand for good rentals in the area. The rental market has attracted the attention of institutional investors, such as Imperial. The median rent in Tampa alone for a 2/2 home is $2,200 an increase of 25% over last year. Additionally, 48% of households in Tampa rent rather than own. For these reasons, Imperial has
chosen to focus on the Tampa Bay market for purchase of its single-family homes and condominiums. We focus on those properties that have the greatest potential for rental income and long-term appreciation. We are not looking to flip homes, we are in it for the long haul. So, how are is Imperial doing so far – are we measuring up? Our average rental price is currently $2,100 with new rentals coming to the market soon and our homes have appreciated at an average of 31% already with our last property appreciating 20% within a month!
With the Tampa market not looking to slow down anytime soon, Imperial will keep looking for the best property investments in the area and around the state. We have a great team of real estate management and investment professionals watching the market daily to choose the best investment homes. Also, with our own in-house property management team, we have our rentals streamlined and ready to go with quick, efficient and professional service.
We encourage you to view the videos of our homes on our updated website at www.imperialamg.com.
IN S IG H TS / 3
What
Take Advantage HOW CAN I TAKE ADVANTAGE OF THE MARKET?? We are all aware that the housing market is up all over the country and there are many homeowners who want to benefit from the hot seller’s market and make some quick gains in order to have cash on
4 /
INSIG HTS
hand for emergencies, projects or investment. However, if you do not have a second home to move into and are not wanting to throw your hat in the highly competitive rental home race, you have now become a buyer in this ultracompetitive market and those gains you just
received are pretty much gone. So, how can you benefit from the equity in your home without selling it? A Home Equity Line of Credit (HELOC) offers homeowners the opportunity to tap into their home’s equity and use it as
t to Do
“...how can you benefit from the equity in your home without selling it?”
cash to their financial advantage. Due to home values soaring on a national scale, homeowners have more equity in their homes than ever. Many homeowners need extra cash right now for emergencies, home improvement needs, education or just some extra spending cash. HELOCs can be easier to qualify for than other types of loans and can give additional financial and tax benefits. In fact, part of the equity from the home can be used to earn a steady stream of income and pay off that same line of credit, earning you tax benefits and potential credit score increases, while using the remainder of the equity for whatever you need the extra funds for. This provides the homeowner with a win/win/win situation – stay in your home, use the equity and benefit financially!
Talk with your Imperial professional today to learn about the best options for you.
IN S IG H TS / 5
Retur
Tax-Deferred
STILL THINKING ABOUT YOUR IRA CONTRIBUTION? Although the contribution window for IRAs for 2021 is still open, you only have until April 15 to get your money in the account for it to qualify for that tax year. We are all aware that contributing to an individual retirement
6 /
INSIG HTS
account (IRA) is a great way to boost your retirement savings and benefit from tax-sheltered investment growth. However, as we work extremely hard every year for that money, to put away and save so we can one day retire and enjoy the fruits of our labor, we need to ask ourselves: is our money working just as hard for us? If not, it may be time to investigate what your money is actually earning as there are ways to
make your money work harder and more successfully for you. As Ralph Waldo Emerson stated, “Money often costs too much.” Imperial’s program allows IRAs and pension accounts to earn tax-deferred returns. Ask your Imperial professional how this can be set up for you and sit back and start letting your hard-earned money work for you.
rns With our help, sit back and start letting your hard-earned money work better for you.
IN S IG H TS / 7
TAMPA OFFICE 2202 N Westshore Blvd. Suite 200 Tampa, FL 33607
MIAMI OFFICE 2332 Galiano Street, 2nd Floor Coral Gables, FL 33134
Imperial Asset Management, LLC, is a proven real estate asset management firm, focusing on value-driven opportunities across the country, focusing primarily in the Tampa Bay market currently. Imperial opportunities generate stable, above-market, monthly income returns, and for those interested, the Imperial program even allows IRA and Pension accounts to earn on a tax-deferred basis.
“The best time to plant a tree was 20 years ago. The second best time is now.”
8 /
INSIG HTS
END
IN S IG H TS / 9