“I recommend that individuals & small businesses read Travis H. Brown’s book “How Money Walks” & call me with your numbers to see if moving can reduce your income taxes & in essence pay for your Florida property. Exchange your taxes for a luxury residence, business or commercial-investment property.”
U.S. Bureau of Labor Statistics notes that February 2017 saw strong job creation, including those in the construction trades.
“Here are where some of the major gains in jobs occurred in February:
Construction: Increased 58,000
Professional and business services: Increased 37,000
Private educational services: Increased 29,000
Manufacturing: Increased 28,000
Health care: Increased 27,000
Mining: Increased 8,000
On the other hand, some industries saw a loss in jobs during February, such as retail trade, which lost 26,000 jobs, general merchandise stores with a loss of 19,000 jobs, sporting goods, hobby, book and music stores with a loss of 9,000 jobs and electronics and appliances stores with a loss of 8,000 jobs.”
Source: HousingWire, U.S.Bureau of Labor Statistics, ADP
Geographic diversification should be a consideration for all investors. Although property taxes are one factor, investors should consider insurance, sales taxes, state & local income taxes, business & corporate fees & taxes, capital gains taxes, local business attitudes and much more to figure a bottom line after tax return.
US to continue investigations of money laundering through real estate.