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Updated almost 4 years ago on . Most recent reply

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70
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14
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Colin M.
14
Votes |
70
Posts

High or Low Tax States - how do i find them

Colin M.
Posted
Hi there -

I see a lot of posts about the following:-

1. high/low tax states
2. landlord/investor friendly states.

1. Where do you guys do your research to see and compare what states are high tax and low tax? And when you mention this, are you referring to PROPERTY taxes, income taxes, sales taxes, or an accumulation of all of the above? Is there a central statistics website that shows this info clearly and that can be trusted? All states pay the same federal rates I'm sure, so its down to state level only?

2. Where do you guys do your research to see and compare what states are landlord or investor friendly or not? Same as above, is there a central website that I'm missing? Or is this one based on opinions only? I see tons of posts about how peoples individual cities are booming and great places to invest, then only to see these cities way down the pecking order in terms of "best places to invest", etc.

If I were to give 1 example - Philly, PA! I see locals who i follow, appear to be crushing it here, but in the big picture, people say areas like this are a no-go! That the only place in the US to invest is Florida, Carolinas, GA, or TX!

Appreciate your feedback on this....


Most Popular Reply

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2,998
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3,116
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Corby Goade
  • Investor
  • Boise, ID
3,116
Votes |
2,998
Posts
Corby Goade
  • Investor
  • Boise, ID
Replied

Finding landlord friendly states is fairly easy- look at how they vote. By in large, red states are more landlord friendly, blue are more tenant friendly. You can dig in from there- the MOST red states are probably going to be the MOST landlord friendly. 

The dems and republicans would like you think that you could analyze taxes the same way, but I'd beg to differ!

  • Corby Goade

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