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All Forum Posts by: Karen DiNapoli

Karen DiNapoli has started 3 posts and replied 25 times.

Phoenix isn't the only place I'm looking at. My friend that lives in AZ suggested it to me. I also looked in TX and WI but those 2 states have the highest property taxes in the US! I tried analyzing a duplex in WI and the property tax killed my ROI. :(
Not interested in flipping homes. Especially out of state flipping. Ali Boone ll - I live in Valencia! I looked for condos and there is nothing worth looking at in the 300-350k range. They were all really small 2 bedroom dumps at that price. That is why I am looking out of state.
I am looking to buy and hold. Would like to find a good rental and have the renters pay down the mortgage. I have about a total 45k to invest. Looking to buy 2 SFH or maybe a duplex.
I live in Los Angeles and completely priced of this market. I'm having a hard time finding a good out of state location. My friend lives in AZ and suggested Downtown Phoenix. She said there are several districts there that are being revamped. Any thoughts on that area?

Post: Real Estate Taxes

Karen DiNapoliPosted
  • Valencia, CA
  • Posts 26
  • Votes 18

Newbie here! Just getting started on learning about how to invest in real estate. My long term goal is to buy and hold several properties. I'm starting to research different areas to invest in. I have to go out of state because I live in Los Angeles and real estate here is absolutely ridiculous. Anyway, the 2 cities I am interested happen to be in states with HIGH property taxes. They are in the top 5 highest in the nation.  I was wondering if I should avoid cities with such high property taxes. 

Thanks for your input!