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Are you looking for a lucrative investment opportunity in the real estate market? Look no further than Florida. Recent data from the IRS shows that the Sunshine State has gained $39.2 billion in income during the pandemic, a significant increase from the $23.7 billion gained prior to the pandemic.
On the other hand, high-tax states like Illinois, New York, and California have seen a significant loss of income. Illinois saw a net loss of 105,000 people in 2021, taking with them $10.9 billion in AGI. This is up from $8.5 billion in 2002 and $6 billion in 2019. New York's income loss increased from $19.5 billion in 2020 to $25.5 billion in 2021, while California lost $29.1 billion in 2021, more than triple what it did in 2019.
With the current trend of people leaving high-tax states and moving to states like Florida, investing in income-generating properties in the Sunshine State is an excellent idea. Property Partners is here to help rental home investors make the highest ROI possible from their rental properties.
As one of the few states with zero income tax, Florida has been attracting many new residents over the past few years, and this trend is only accelerating. By investing in rental properties in Florida, you can take advantage of this trend and secure a stable stream of rental income for years to come. Property Partners can help you find the best properties and manage them to ensure maximum profitability.
So if you're looking for a safe and lucrative investment opportunity in the real estate market, consider investing in income-generating properties in Florida with the help of Property Partners. Contact us today to learn more about how we can help you make the most of your investment.
2023 Property Partners
217 SE 1st Avenue, Suite 200 - 72
Ocala, Fl 34471
(352) 537-8669