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Updated almost 11 years ago on . Most recent reply
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Florida, Texas, Atlanta or Tempe, AZ and how much do property taxes matter?
So a little about myself, I'm a younger guy, have a good amount of cash saved up and looking to invest into rental property within the next few years. My biggest problem is I'm not sure where I want to settle down and begin investing. There's great job opportunities for me in Texas (Dallas, Austin, Houston) and Atlanta, GA, I enjoy Dallas, but can't see myself investing in property here. I also enjoy Atlanta, but not sure of the rental income possibilities, along with the 7% state income tax. My ideal situation would be to own real estate near Arizona State University (where i went to school) because i know the area very well and the property tax is next to nothing.Which makes the monthly note on a home very manageable, as well as the constant stream of students coming in every year. Problem is, there aren't many good paying jobs there for what I do. I would take about a 20%-30% pay cut to move to Arizona.
So what i'm looking for I guess is how much do property taxes factor into your decision of where to own and which market do you think is best for investing in monthly rental income.
Thanks