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Updated almost 6 years ago on . Most recent reply
States with no income tax
Like Texas, Florida
You get bigger returns when analyzing two deals with same cap rate with one in FL the other in NY?
Right?
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#5 Multi-Family and Apartment Investing Contributor
- Investor
- Shelton, WA
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#5 Multi-Family and Apartment Investing Contributor
- Investor
- Shelton, WA
I lived in Ca for 30 years-13% state income tax-moved to Wa in 2017 0% state income tax. I could have bought a nice house in Wa with the capital gains tax I paid in Ca. Fortunately some were in a 1031x that I rolled into Wa properties with no tax!
In Ca if you held properties for a long time your property taxes became low compared to property values due to appreciation.
I thought my happiest day was when I moved to Ca-wrong; second happiest. Happiest was when I left in 2017. It was a wonderful place to live and raise a family, but also a great place to leave! LOL