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Nesgroup address: misc.invest.real-estate - Date & Time for the message: 09 Feb 2005 02:48:08 GMT
/ Author of the message: jrf30@aol.com (JRF30) |
Title of the message: |
Re: prop taxes, investing in Texas
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Text of the message: |
> How do you get >cashflow on investment properties down there with these high taxes? >Thanks. I get them VERY very VERY well. Becasue the rent to value ratios are higher than anywhere I know of in ALL of America. I can buy a house in Phoenix for $250,000 and rent it out for $1,300. I can buy a house for $110,000 in Texas and rent it out for $1,300. even with higher taxes (which are there to offset the lack of income taxes in that state) I get a HUGE positive cash flow there, and can't matchit ANYWHERE in the other states. My answer. :-) John . |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.