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Updated over 7 years ago,
CASH FLOW Killer = Taxes
I am on the hunt for my first investment property, can't house hack, I own a home.
I am originally from Philadelphia, I am now 35 minutes outside of Philly.
I found a few areas that are affordable housing, homes ranging from 38-120. I wouldn't classify the area a war zone, sure they have assaults, robberies, a homicide here or there but overall nothing crazy.
Should I jump into a property I feel has good cash on cash that requires minimal repairs going into it, it's also tenant occupied long term section 8. I don't mind voucher tenants. But I think to make good cash on cash I have to go where tax is super low.