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Updated over 3 years ago on . Most recent reply

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Andy Bedard
  • Real Estate Agent
  • Colorado
0
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4
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Properties in multiple states. ? Taxes?

Andy Bedard
  • Real Estate Agent
  • Colorado
Posted

I’m a small investor (own some properties in Denver) and am looking to purchase more in better roi states… can’t decide if I should try to stay in one state or go where the deals are? From a tax standpoint. 
Is it a pain to own 5 properties in 5 different states with taxes or no biggie…? should I just go where the deals are and diversify? 

Feedback? 

Most Popular Reply

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411
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Ronald Allen Barney
  • Real Estate Agent
  • Tampa, FL
373
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411
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Ronald Allen Barney
  • Real Estate Agent
  • Tampa, FL
Replied

More states would mean more filings, but then more cash flow means delegation to a CPA.  The extra hours billed are tax deductible.

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