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Updated over 8 years ago on . Most recent reply
Are Republican states better for real estate investing?
I am not into politics, so pardon my ignorance.
I have heard that Republican states are better for real estate investing due to things like business friendly, landlord friendly, etc. Is that true?
If a state switches to Democrat or vice versa, does that affect your criteria to invest in a specific state?
Thanks!
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I do not think politics has as direct of an impact on real estate profits as your question suggests. Furthermore, your question is probably too broad at the state level. If you were going to invest based on party affiliation it would likely need to be on a county by county basis. In MD for example, Montgomery County sits right next to Frederick County. I would deem Montgomery county a very liberal county while Frederick County is very conservative.
It also depends on your strategy. DC for example is the last place I would want to buy a rental property right now however wholesalers are crushing it there.