Real Estate Investors Flee From High-Tax States to Seek Floridian Rate Advantages

NAPLES, Fla., May 18, 2022 /PRNewswire/ — Income Realty Advisors (IRA) recently released a new comprehensive report detailing the tax benefits of purchasing single tenant net lease properties with credit tenants (NNN) in the low-tax region Florida. The NNN is a recession-breaking investment option that allows investors to own properties that are typically rented for long periods – commercial premises, chain retail locations, etc. – that have a proven track record of profitable investments. But in this current seller’s market, overseas buyers may struggle to find coveted properties in prime, tax-advantaged locations such as New York. B. to compete Florida. Income Realty Advisors is a Florida-based brokerage firm that offers Exclusive Buyer’s brokerage services and helps developers find NNN locations throughout the Sunshine State.

“Although there is prime real estate in states like California, new Yorkand New Jerseythe tax rates in those locations make deals very unattractive for investors,” he said Patrick J Moorton, President of Income Realty Advisors. “Florida real estate has always been a solid investment for a variety of reasons, most notably as a premier vacation and retirement destination. But now investors can defer taxes on these real estate sales through a 1031 exchange while trading real estate in a state that has no state income taxes. Qualified investors moving from high-tax states can easily increase their income significantly by reducing their state personal income tax to zero.”

Single tenant net least investment option

Investors can use NNN properties to regain control of portfolios that have fluctuated in value over the years. These types of investments minimize exposure to external market factors and provide investors with options and more stable returns. NNN properties provide:

  • Control: Investors own the asset and can make decisions to hold or sell it as they see fit.
  • A healthy cash flow that far exceeds other income opportunities; much more ROI than tiny interest rates paid on CDs or other “safe” money markets.
  • Long-term cash flows that last five, ten, or even 25 years or more. Tenants occupying these types of properties (such as Walgreens, CVS, 7-Eleven, Chase BankBank of America, etc.) often occupy the same location for many years.
  • Little to no hassle with simple leases that take care of itself. Because the parent companies that pay the lease payments are often worth billions of dollars in annual sales and assets, leases and payments are secured.
  • No problems or expenses for property management: tenants are responsible for modernizing the property. Renters also pay for all property taxes, insurance, utilities, repairs, and many prefer to take care of all property maintenance as well.
  • Good credit conditions for borrowing. Since the tenants are often established companies, lenders are more inclined to offer attractive loan terms to NNN investors. Better conditions mean better profits.
  • Investors with properties in states with high income taxes like California can sell their real estate and use a 1031 exchange to replace those investments with real estate in zero income tax states Florida.

Learn how Income Realty Advisors can help investors evaluate their portfolios with a simple phone consultation. For more information, contact Income Realty Advisors directly – or visit them online.

About Income Realty Advisors

Income Realty Advisors is a Florida-based commercial real estate brokerage firm specializing in the sale of single tenant net lease and loan tenant properties through a dedicated website FloridaNNN.com. The Company also provides end-to-end site selection services to real estate developers Florida, with access to a quality pipeline of deals under construction or available for future delivery. Income Realty Advisors is a one-stop location for real estate investors looking to add quality, tax-advantaged Florida real estate to their portfolios.

Learn more at: www.FloridaNNN.com.

Media contact:
Patrick J. Moorton
1-239-272-1640
[email protected]

SOURCE Income Real Estate Advisor

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