Hello from Tampa, Florida! The three of us (including our kitty, Susie) survived yesterday’s long travel day and are settling in to our new temporary home. Our car and belongings are still en route so we’ll be living out of backpacks and on an air mattress for a little while—but of course we’re used to that 🙂
Earlier this year I mentioned our big plans to travel and then move to Florida to start a real estate investment company, but I wanted to share more details around that decision.
Most of you know I’ve been doing this home renovation thing for a while, and it’s always been a goal of mine to become a full time investor, which is why I finally made the leap last year with the Cottage House Flip.
Lucas had a career in technology sales, but after he took a break and spent some time traveling on his own, he realized his work was no longer fulfilling. Investing in real estate was always an idea in the back of his mind, and with my experience and background, joining forces and starting our own company together just felt right.
Introducing the next chapter in our lives, DreamStone Homes. We’ll be buying and rehabbing properties in the Tampa Bay/St. Pete area, both as flips and buy & holds.
Why Florida? Well, largely due to the investor-friendly real estate market. As much as we love California, the availability of deals are slim to none, and the cost of entry is outrageous. We considered other markets like Austin and Chicago, but in the end decided we’d rather live in Florida. Lucas went to college there (UT) and some of you may remember that I lived in Jacksonville for a few years (my sister still lives there).
We love the weather, the beaches, the city amenities and low cost of living. I don’t think we’ll end up staying here forever—mostly because I crave change too much—but we believe it’s the perfect place to jumpstart our business. We haven’t purchased any properties just yet, so we’ll be living in an apartment until we find a place that makes sense to move into.
As always, I’ll be taking you guys with me on this journey, which now involves much more than renovating/decorating and traveling. Starting and operating any successful company from the ground up is quite the task, especially when there’s no Plan B. Failure is not an option for us!
Just like I DIY’ed my way through rehabbing 4 houses, we’ll both be doing the same while trying to learn the ins and outs of RE investing. We’ve spent months researching and putting our plan together, and now it’s time to execute. Through this blog (and our new vlog, coming next week!) we hope to help others on this same journey, or who are simply curious about how this all works, by sharing our experience and lessons learned.
It’s such an exciting time in our lives, and we hope to be able to look back one day to relive our humble beginnings and remember where we started. We really hope you’ll join us on this new adventure, and please reach out to say hello and let us know you’re there with us!
In the next post I’ll be sharing my design plans and obsessions for 2018. I’ve got a ton of pent up inspiration from our travels and can’t wait to show you what’s on my radar for the coming months!
If you have any questions so far, please comment below or reach me on Instagram or Facebook. We’ll also be doing some Q&A in the vlog so we may just answer your question there!
I hope your 2018 is off to a great start! The sun is shining here in Tampa and the future looks bright 😎