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Updated over 2 years ago on . Most recent reply

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138
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Pablo Flores
  • Rental Property Investor
  • Palm Springs, CA
37
Votes |
138
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Best STR market in state with no state income tax?

Pablo Flores
  • Rental Property Investor
  • Palm Springs, CA
Posted

Currently own/manage 17 rentals in the greater Palm Springs market (Indio,Bermuda Dunes, Coachella). But state income taxes are ridiculous out here. Looking to buy a STR in a market with similar returns as the Palm Springs market in a state with no income tax. Out here I can get 5/6 bedroom home for 800k-1mill that grosses 200k/year. Any suggestions? What about North Miami? North Palm Beach? Delray Beach?

Most Popular Reply

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Bruce Woodruff
#1 Contractors Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
14,078
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11,986
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Bruce Woodruff
#1 Contractors Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
Replied

Remember that State Income Tax is only one form of taxation. The bottom line is all that counts.

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