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Updated over 7 years ago,
Newbie Question: Why are Property Taxes Rarely Addressed
Hi folks, first post here so please, be gentle.
North Jersey resident and looking at investing out of state.
I've been reading and learning a lot recently about how to calculate ROI, and eval good rental cash flow. What I rarely see or here discussed are property taxes and how that factors in. I am mainly looking out of state because high prices and North Jersey property taxes make the rent to value ratios very unfavorable. Am i missing something? I have been looking at other areas like Memphis and FLA where property taxes are a small fraction of my area. Any thoughts or insights are appreciated.