Updated about 6 years ago on . Most recent reply
Low Property Tax States VS High Property Tax States
Hi everyone. I have a question for investors who are currently investing in States with both High and low Property Taxes.
I'm investing in Texas (market I'm familiar with because I live here) and so far even with my worst case of high property taxes, and zero down using VA loans, I've been able to either break even, or get a small cash flow after PITI and all expenses (including management and vacancies) calculated in. But my options for markets are extremely limited, and I don't want to stack all my cards in just a 1 or 2 markets.
I’m trying to see if there is a significant benefit (as far as cash flow is concerned) to investing a lot of time and effort, in order to start researching and acquiring properties in low Property Tax States. Especially given how well the Texas economy is performing, and all the job creation taking place here; also given my familiarity with the market.