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Updated almost 3 years ago,

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Andrey Sokolen
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Multifamily Property in No State Tax State

Andrey Sokolen
Posted

First and most important, I'd like to express my gratitude to BP community. I've learned a ton from y'all which changed my mindset on investing. Because of that, I was able to save over 75K and now ready to invest them into my first househack. Ideally, 3.5% down with FHA (or 5% conventional) which will be first block to my buy-and-hold multifamily portfolio. The goal is to have 10 "doors" in the next 3 years.

However, I'm having a hard time to find area with properties which at least brake even (monthly payment vs rent payments). Because of my remote job, I have only criteria is to have property in non-income tax state. By now, I've been looking in Seattle-Tacoma, Tampa-St Pete, and Dallas areas. I understand that those are hot areas and competition from in-state and out-of-state investors are tremendous. 

Because of that, I'm reaching out to this community of experts. Please point me to the potential areas with multifamily properties which still have a potential to cashflow and not only rely/hope for equity appreciation. 

I'm convince that this community has abundancy mindset and willing to help newbie to get started. 

Much appreciated in advance!

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