Tax Implications: Find out what taxes may be involved in registering your LLC in different states.

Hi Everyone,I own many single family rentals in toledo and i have never tried to challenge the tax assessment.

If you are using rental income and you already filled your taxes with those rental properties then they will use the your tax returns and schedule E to calculate your income.

Essex and Hudson county are blue (high property taxes too) and I would never buy there. 

I would talk to a qualified intermediary and a tax professional.

I know the cash flow is weak, if not potentially negative, once insurance and taxes are included and that may immediately make it a bad deal for some investors.

Here's why.People are drawn to our area due to the absence of natural disasters, low property taxes, home prices close to the national median, and a thriving tech and research hub, coupled with the life sciences sector.Considering the ongoing influx of people and the likely rate adjustments announced by the Fed for later in this year, we anticipate prices actually  rising as buyers enter the market.

The idea is to get is much out as low of tax rate as possible.

Tax rates are very high level, so you will want to adjust that as you pick a more specific location to model out.  

The downsides are you’re paying taxes that will go away at their passing.