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Updated about 8 years ago on . Most recent reply

User Stats

180
Posts
37
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Matthew Wright
  • Investor
  • Windham, ME
37
Votes |
180
Posts

Moving from New England to a Southern Market

Matthew Wright
  • Investor
  • Windham, ME
Posted

My wife and I are strongly considering moving away to a warmer, more tax friendly and most importantly, more opportunity driven market.  This is no small decision, considering we have two young children and I have established myself here in Maine. I'm 29 and I've lived in the same town since birth.  However we ask ourselves why stay? Taxes are unreasonable, heat expenses are thru the roof, the snow is a pain in the butt and I'm looking for more opportunity.  When I move I'm looking to start developing my team and furthering my rental property investing, right away. I'm currently a RE agent/wholesaler/landlord investor. 

I'm going to rely heavily on feedback from anybody on here that has feedback to give about market growth, opportunity, landlord friendly state, tax friendly etc.... We are thinking either the Carolinas or Texas. Thoughts anyone? Feedback greatly appreciated.

Most Popular Reply

User Stats

450
Posts
270
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Chris Eaker
  • Buy and Hold Investor
  • Knoxville, TN
270
Votes |
450
Posts
Chris Eaker
  • Buy and Hold Investor
  • Knoxville, TN
Replied

@Matthew Wright

What about Tennessee? No state income tax. I haven't found property taxes to be that high. Sales tax is higher than other states, but you can decide how much you pay based on your spending. Investment opportunities abound. If you settle in the eastern part, you get the beautiful Great Smoky Mountains. The weather is nice, we get all four seasons. It's a very landlord friendly state, and the state government itself is among the highest in terms of financial stability. Give us a look. Message me if you have further questions, or ask here but don't forget to tag me.

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