Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on .

User Stats

10
Posts
1
Votes
Loren Neufeld
1
Votes |
10
Posts

Investing in high prop tax state without the income tax benefits?

Loren Neufeld
Posted

I currently am living in CA and just cashed out my investment property and am looking for a new market to invest in. My goal is to start buying and holding a portfolio of cash flowing properties through BRRRR method to help leverage my funds to there max potential. I have 200k to deploy but have been having a tough time narrowing down my search. I like a lot of the economic indicators: jobs, population growth, appreciation potential in Texas but I'm a touch weary about the high property tax rates while I'm unable to take advantage of no state income tax. I know if the numbers still work out to meet my criteria its just another line item. But I'm also considering making it a rule of thumb to stay out of the Lone Star State? Also with the potential passing of the Property Tax Reform and Relief Act of 2019, authored by Bettencourt (R-Houston) this could be less of a concern. Any thoughts would be much appreciated!

Read more at: https://www.bisnow.com/houston/news/property-management/commercial-property-owners-need-tax-relief-just-like-homeowners-98929?utm_source=CopyShare&utm_medium=Browser