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Investing In Real Estate Podcast

So you’ve found a great rental property, but the high property taxes are making you pause? Let’s talk about property taxes and why lower isn’t always better. On this episode of Investing in Real Estate, I’m making the case for investing in states with high property taxes.

When you’re evaluating a rental property, don’t get stuck on one number. Overall ROI is important. But in many cases, you can still get a great return with high property taxes. On today’s show, you’re going to learn about the role of property taxes, and how to evaluate your overall investment.

On this episode you’ll learn: 

  • Why stability of a market is so important.
  • What higher property taxes can mean.
  • What your number one expense is as an investor.
  • And more!

Why Stability of a Market Is So Important

My advice is that you focus on the stability of the ROI, not the ROI itself. Hopefully you intend to own this property long-term. So while any turnkey company might be able to get you a low ROI, consider the stability of that market. If the market isn’t stable, you’ll have a future of tenant turnovers—which ultimately eats into that ROI.

What Higher Property Taxes Can Mean

Higher property taxes equates to better schools, more stable tenants and overall better markets. This is why my company spends years analyzing markets and accounts for all scenarios and all numbers that are factored into an ROI.

What Your Number One Expense Is As an Investor

Tenant turnovers are the number one expense. If you can mitigate this and find longer-term tenants, this is a win! Often times, tenants want to put down roots in places that have higher taxes because there are better schools and better amenities.

Episode Resources
Tiege.com/investing ← Get a free toiletry bag with your first box!
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to​ use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

 

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Posted on

October 29, 2020

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