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Updated over 4 years ago on . Most recent reply

User Stats

64
Posts
24
Votes
Kevin Lanphear
  • Rental Property Investor
  • Acworth, Ga
24
Votes |
64
Posts

Buying rental properties out of state

Kevin Lanphear
  • Rental Property Investor
  • Acworth, Ga
Posted

I live and own my first rental property in GA using Mynd property mgt company. However I know there are many other better cash on cash ROI markets out of state (maybe FL TN etc) and just wondering what to consider if I do look outside of my state.

How do taxes work regarding when i report any out of state rental income, and is it better to focus on lower tax states or how does that work?

By the way I would still use Mynd as my property mgt company out of state because of their value and rates.

I look forward to your help fam!

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