Answers Home > Buying Property

If one buys a commercial property out of state, will the income be taxed on two states? (Residing and the inco

What are the complications in buying out of state properties?
In Buying Property - Asked by karan s. - Jan 21, 2009
Report Abuse
Answer this Question

Answer(s)

Andres G.
Owner/Investor
Miami Beach, FL

The income will not be taxed in two States. The most common complication in purchasing out of state properties is the management. You must become an expert at managing management companies to ensure your properties is receiving top notch attention with regard to rents, maintenance and collections. As my portfolio grows I plan to install security cameras that can be accessed remotely on all my out of state holdings.
Andres Garcia
305-496-1776
http://www.linkedin.com/in/citysideinvestments

Jan 22, 2009
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question

Browse Questions

LoopNet does not guarantee the accuracy of the above content. Click here for the full Disclaimer.