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Updated about 8 years ago,
- Rental Property Investor
- Palm Beach County, FL
- 40
- Votes |
- 150
- Posts
First rental property
Hi everyone, I just created an account with BP. I've been reading alot and I am very excited that I found this website. I was hoping you all could help me out.
I live just north of Boston, Massachusetts. I love MA, particularly the area that I am in but some aspects of MA in regards to real estate scares me a little. I dont think MA is a landlord friendly state (can someone correct me if I am wrong). First off, RE taxes are super high, in terms of evicting a problematic tenant, it can take several months, and lastly, property prices are very expensive which will make my net return % very low. I look at a state like Florida which I love, property taxes and prices are super low and the eviction process takes about a month.
MA investors, what do you do to deal with the problems I listed above?
Does someone invest in out of state properties, specifically in Florida? If so, what advise you have for me living in MA and wanting to invest in FL? I have some money that I want to use towards buying my first investment property and am not sure where to start building my portfolio of rental properties