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Updated over 6 years ago, 07/24/2018

Account Closed
  • Tempe, AZ
7
Votes |
30
Posts

Arizona vs Nevada better for RE business?

Account Closed
  • Tempe, AZ
Posted

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.

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