Yes or No

[Tedroy Johnson]

Is it wise to invest in a high tax area? 

[Joel Owens]

For some of my commercial clients they buy in no-income tax states such as Texas.

Taxes are higher their than say where I am at in Georgia. In GA certain counties and cities have higher or lower property taxes. It is a consideration but only one of many factors to analyze.

In Texas for instance you can buy a commercial NNN property or a multi-tenant strip center and the tenants pay the property taxes.

Single NNN the tenants pays. Multi-tenant they still pay through re-imbursements above their per sq ft rate.

So it depends on what type of real estate asset you are buying  and what state, county, city.