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Updated over 9 years ago on . Most recent reply

User Stats

64
Posts
9
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Frank Casi
  • Investor
  • Staten Island, NY
9
Votes |
64
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opinions

Frank Casi
  • Investor
  • Staten Island, NY
Posted

I have narrowed my investment choices to either merrilville , indiana

Or Davenport , Iowa

Any advice or opinions

Most Popular Reply

User Stats

86
Posts
29
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Michael Pease
  • Investor
  • Greenville SC
29
Votes |
86
Posts
Michael Pease
  • Investor
  • Greenville SC
Replied

As Paul will confirm, there are also tax strategies available in Iowa to help lower commercial property taxes. It is being phased out over seven more years but I've found that if you found a seller who is unaware of the roll back in taxes or that they can put structure in place to reduce commercial rate on multi-family to residential rates that you can buy a property and generate instant appreciated value based on the lower operating expense and higher sales value.

I think the Quad City (Davenport, Bettendorf, Rock Island, Moline) market is a great place for an investor to find some good deals.

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