Most investor-friendly states?

Question

Hello BiggerPockets!

I'm hoping to buy my first real estate investment property soon. I'm looking to buy and rent a SFR. Since this will be my first investment, I want to minimize as much risk as possible. For that reason, I ask: what are the most investor-friendly states?

Thank you!

Jeff Schechter · Answer

Indiana has the best combination of landlord friendly laws, low prices, excellent price to rent ratios, and low taxes.

Mark Creason · Answer

@Chris Fuget

Pennsylvania has high transfer taxes upon purchase and sale.  In some cities, as high as 4%.  They also do not recognize the 1031 exchange.  Things to consider.

Mark

Kyle Hern · Answer

@Nathan Wankel and @Stone Jin

Thank you for the responses. I will look into those states more deeply, but it helps to narrow it down a little.

Stone Jin · Answer

@Nathan Wankel @Kyle Hern

Indiana also has very favorable landlord laws.

Nathan Wankel · Answer

@Kyle Hern

You would be looking for the most landlord friendly states if your going to be renting the property out.

Top 3

1. Texas (both easy eviction process and relaxed laws)

2. Arizona (easy eviction process)

3. Florida  (relaxed renting laws)

Most investor-friendly states?

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