4 Reasons Why Florida is the Top U.S. State for Investing in Property

Posted by on Apr 1, 2016 in Blog - Commercial Investment Properties | 0 comments

4 Reasons Why Florida is the Top U.S. State for Investing in Property

Real estate agents from Utah to Delaware will likely tell you that their states are the best for investing, spewing something about economic growth and building appreciation. Granted, it’s positive to have pride in your market but at the same time there are a couple reasons why we legitimately believe that the greatest state for investing in the United States is indeed Florida. Our reasoning isn’t necessarily based on facts or statistics (although we can show you them), but a few basic principles that other areas simply cannot offer:

People Move Here

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Florida grows by about 300,000 residents each year and the population is predicted to possibly equip that of Australia by the year 2030. These incoming residents represent a range of diverse ethnicity who are going to need places to live, work, eat, and shop. Our state is also loaded with what we call stable renters, people at or near retirement age whose income doesn’t fluco Delaware will likely tell you that their states are the best for investing, spewing something about economic growth and building appreciation. Granted, it’s positive to have pride in your market but at the same time there are a couple reasons why we legitimately believe that the greatest state for investing in the United States is indeed Florida. Our reasoning isn’t necessarily based on facts or statistics (although we can show you them), but a few basic principles that other areas simply cannot offertuate based on employment.

People Visit Here – Year Round

Another booming investment potential in Florida is that of vacation property. Beaches, golf, Walt Disney World, Busch Gardens, and the Kennedy Space center are just a few destinations that make Florida the #2 tourist state in the US ($70.5 billion). Florida is a year-round travel location opening up the market for rental properties to be booked consistently – and well in advance.

No Personal Income Tax

Florida does not have a personal income tax which benefits residents who live and work in our state. That is also a huge advantage for investors who can increase their profitability even when living somewFLA sunshinehere else. Property investors will not have to pay state tax if you collect rental income as a sole proprietor. An LLC can also operate tax free if they hire a ‘resident agent’ in the form of a person living in Florida to conduct business transactions. Contact us for more specifics about this huge advantage that only six other states in the U.S provide.

 

Florida has Soft Factors Powering Its Rise

After the housing market crash of 2007, people were either forced into foreclosure (good for investors) or financially liable to hold onto their home because what they owed was substantially more than the declining market value. Since then, the state is recovering nicely and the backlog of people who wanted to sell 5-8 years ago is creating a healthy market. Florida has soft factors that will only continue to that rise including warm weather, tourist destinations, golf courses, retirement communities, and cosmopolitan hubs such as Miami, Jacksonville, and Tampa.There are other states who offer some of these advantages, but very few provide the complete package that investing in Florida does.

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