EP258: The New Tax Bill Is Already Affecting Real Estate Investors, Here’s How
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There’s been a lot of buzz about how the new tax law will affect homeowners, but what are the implications for real estate investors? A new article suggests that real estate prices are being affected by the new rules—and will continue to adjust in 2018.
On today’s show, I’m sitting down to discuss how real estate prices are being affected by the new tax rules. I’ll share what this means for investors, how you can protect yourself from losing profits, and so much more. Please join me for episode 258 of Investing in Real Estate!
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In a recent report by CNBC, home sales and prices in A class neighborhoods like Manhattan are the lowest in years. Because of the new tax law, homeowners and investors are no longer able to deduct their state and local income taxes. This creates a huge amount of pressure in these higher priced areas, and buyers are hesitant.
However, this creates opportunity and encourages growth in places where taxes aren’t as high. In the markets where we invest, property taxes are much lower than in the high priced A class neighborhoods.
C class neighborhoods where we purchase rental homes are largely unaffected by economic changes. Prices aren’t inflated, the blue collar tenants have steady employment, and the economy is constructed around American-based infrastructure.
So if you’re looking to make a profitable investment, you’ll want to invest in states with high taxes There’s huge opportunity for growth and incentive to invest in places with low taxes, like many Midwestern states.
On today’s show, I’ll speak in depth about how the new tax law affects home sales in states with high taxes. I’ll discuss why buyers are worried about the new rules, and how you can make sure your investment is safe. Don’t miss this episode of Investing in Real Estate!
If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.
On this episode you’ll learn:
- In what cities are prices declining?
- What does this information mean for new construction?
- Historically, what happens in C class neighborhoods during economic changes?
- And much more!
New York Real Estate Has Its Worst Quarter in 6 Years on CNBC
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