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Updated over 6 years ago, 07/24/2018
Arizona vs Nevada better for RE business?
Hello everyone,
Does anyone have experience doing business in these states?
I'm currently at the juncture where I can either stay in Phoenix area where I live right now, or move to Las Vegas/Summerlin. I've sold my rentals in AZ (not good financing terms), and looking to get into more buy-hold deals and residential assisted housing (i.e. will be buying properties AND providing services on premises). My day job has offices in both metros, so I'm in a good position for a move.
Which state has a more business friendly environment? More RE/Landlord friendly? Better RE/money making opportunities? Lower tax burden for LLCs and S-Corporations?
Obviously, Nevada doesn't have a corporate tax, but they implemented a gross receipts tax a few years ago. At this point, I don't think my business would be affected (not sure though?) but the trend worries me.
If I were to make the move, it would be now - or never. I'd appreciate any insight from those who are familiar with AZ and/or NV.