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How to Find Investor-Friendly States to Invest

Where you can find investor friendly services and vendors may also play a role in where to invest. Can you find local real estate attorneys, Realtors, title companies, and financiers which are investor friendly?

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How to Find Investor-Friendly States to Invest

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  1. How to Find Investor-Friendly States to Invest By Mobile Home Investors Academy

  2. Where you invest is just as important as the properties you invest in… Before inking that mobile home park deal, make sure you are investing in the right area for optimal success, and best net benefits. So what factors should mobile home park investors be looking at when short listing destinations to invest?

  3. Landlord Friendly States US states vary greatly between whether their real estate laws favor landlords versus tenants. Clearly those investing in buy and hold properties for income may find dramatically better results by sticking with those jurisdictions that typically rule in favor of investors.

  4. Various factors can come into play here including:  A landlord’s right to access their own property  Time required to evict  Cost to evict  The compensation available to tenants and their extended contacts for frivolous items  Trends in which party judges typically side with

  5. Renter’s Insurance Ranks These as the Top 8 States for Landlords:  Texas  Indiana  Colorado  Arizona  Florida  Kentucky  Georgia  Mississippi

  6. Rental Controls Rent controls are considered a major nuisance by many real estate investors. Many believe they are actually counterproductive for everyone. The bottom line is that they limit how much landlords can raise rental rates. This is something you need to know before making a mobile home park purchase.

  7. States where investors should expect to encounter rent controls include:  New York  New Jersey  Maryland  District of Columbia  California

  8. Price to Rent Ratio Price to rent ratios reveal how much you pay for an asset versus how much cash flow it will produce. Smart Asset shows that you’d have to buy a $540,240 home in San Francisco to rent it out for $1,000 per month (a 45.02 price to rent ratio). Contrast that with Detroit which has a ratio of just 5.6, where you can rent out a $67,200 home for $1,000 per month.

  9. Financial Stability The financial strength and fiscal liquidity of local government shouldn’t be overlooked either. A bankrupt city or state can have big consequences felt in many ways. Taxes High taxes can impact investors in a variety of ways. They can potentially impact how much locals can pay in rent, property taxes on mobile home parks, how high property values can rise, resale appeal, and net profits for real estate owners.

  10. Property Tax Adjusters Names the 4 States with Lowest Property Taxes as:  Hawaii  Alabama  Louisiana  Delaware It’s important for investors to look at overall taxes which may impact them directly, and the prosperity of the destination in the future. High taxes tend toward scaring away business, jobs, and residents, and that bad for the rental business.

  11. Forbes Names 5 of the Most Business Friendly States as: Wyoming South Dakota Nevada Alaska Florida 1. 2. 3. 4. 5. Where you may retire and live in the future may also influence your decision of where to invest in mobile home parks. Will you want to live near your assets? How will your choice of retirement destination impact your net income and the legacy you can pass on?

  12. Equity Trust Names the following at the Top 6 States to Retire as of 2015:  Wyoming  Alaska  Florida  Mississippi  New Hampshire  Nevada

  13. Investor Friendly Real Estate Services Where you can find investor friendly services and vendors may also play a role in where to invest. Can you find local real estate attorneys, Realtors, title companies, and financiers which are investor friendly? Visit mobilehomeinvestors.com for more information

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