Tax Deadline Approaches, Underscores Burden of High Income Tax States

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“Hate Paying Income Taxes? Try these 7 states” is the headline of a recent USA Today article that highlights the most tax friendly US states—and the worst. The Florida commercial real estate experts at Income Realty Advisors urge real estate investors to take heed.

Income Realty Advisors Inc.

Income Realty Advisors Inc.

Net leased properties combined with tax-saving strategies are a powerful tool for creating and preserving wealth

With the tax deadline next week and a recent USA Today article highlighting the most tax friendly US states—and the worst, Income Realty Advisors, Inc. is urging commercial real estate investors to take heed and consider the impact location can have on commercial investments.

Florida is one of seven US states with no personal income tax while California, New York, New Jersey, Oregon, and Hawaii have some of the highest personal income tax rates in the nation. For out of state investors seeking tax-savings and long-term steady, passive cash flow with the tenant paying most or all expenses, commercial real estate expert Patrick Moorton advises Florida NNN properties are ideal.

Featuring long-term leases with little or no management responsibility and tenants with excellent credit ratings including Walgreens, CVS and 7-Eleven, these properties are made even more lucrative with the tax-savings investors will realize in Florida.

“Savvy investors are selling income producing properties in high tax states like New York, California and New Jersey and reinvesting in Florida using IRS Section 1031 exchanges to defer federal income tax and capitalize on Florida’s investor friendly personal state income tax rate: zero,” Moorton said. “High net worth investors relocating to Florida from high income tax states could save enough in state taxes to afford for a very comfortable Florida lifestyle.”

For high net worth investors considering an investment in Florida commercial property, Income Realty Advisors specializes in Florida NNN properties or single-tenant net-leased properties in prime high-traffic locations. “Net leased properties combined with tax-saving strategies are a powerful tool for creating and preserving wealth,” Moorton said.

For more great tips on investing and Florida 1031 Exchange properties, see the new Income Realty Advisors website at or contact Patrick Moorton at Patrick(at)nnn1031exchange(dot)com

About Income Realty Advisors:
Florida Based Commercial real estate brokerage company Income Realty Advisors Inc. sells income-producing real estate in Florida and offers brokerage services for 1031 exchange buyers seeking Florida commercial real estate. The firm specializes in retail site selection and the sale of single tenant net lease properties with national credit tenants. Clients include developers of Publix, Whole Foods, Walgreens, CVS, 7-Eleven, TD Bank, Chase Bank, High Net Worth Individuals, Insurance Companies, Retailers and Real Estate Investment Trusts.

Featuring commercial income property for sale in Florida, our long-standing relationships with real estate developers, investors, brokers, and real estate investment trusts give us inside access to a constant pipeline of high quality projects. Contact us today to discuss your real estate needs.

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Patrick Moorton
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