Overcoming Property Tax

[Ryan Halverson]

There are others on BP that live in really high property taxed areas, how do you overcome this?

I have looked at 50-75 multi family units around the Chicago area and most aren't even profitable let alone 100+ per unit. Some are being marketed as turnkey ready to move in and collect checks, I know that's BS to begin with but after running numbers they are losing 150-200/month at their list price...

[Marco Santarelli]

Hi Ryan,

The simplest way to "overcome" this is to invest in other areas. :)

Some markets cash-flow, and others do not. There are so many markets to choose from, why would you "spin your wheels" trying to analyze the 50-75 properties in the same area. (That's a rhetorical question.)

There are many areas that can produce $100-200/mo cash flow with maximum leverage (i.e. 20% down financing).

Continued success!