What state is better to be a multifamily investor? New York or Texas?

Good question.

It is better to invest in Texas since the laws are more favorable to landlords in that state and less favorable to tenants. If you are a deadbeat tenant it is better to rent in New York since you can go much longer without paying your rent than in Texas.

If you are the type of person that wants to do things the easier and more efficient way, I created a group that can help you learn how to invest.

My group, the Benjamin Z Miller investor networking group meets every Sunday on Zoom. I created for new and experienced investors to network and make more contacts.

If you invest in New York since you like the price appreciation there and that is what is attracting you to it, then you need to be a limited partner and only invest with a very experienced general partner.

If you don’t know the market and are trying to act as a general partner in New York I can’t even tell you how many problems this will give you compared to a state like Texas.

Try and avoid investing in multifamily in states where the tenants have more ways to make problems for you and New York is one of those states. I am not saying you can’t make money in a multifamily in New York - you can. But it is much more difficult being a landlord in New York compared to Texas. Texas is a landlord friendly state.

If you would like to learn more about multifamily investing, you should join the Benjamin Z Miller investor networking group.
Once you attend one of the Sunday meetings you will receive a Google Sheets document with the phone and email of the other investors that attended.

From there you can reach out to numerous multifamily investors. I also am good friends with some of the best well known multifamily investors so if you need an introduction to a particular investor in some cases I can help you.

Before you do any investing you should invest more time and money in your financial and legal education. I offer education and training to landlords, engineers, doctors and dentists, and many others that would like to learn how to enjoy the benefits of multifamily as quickly as possible. If that sounds interesting contact my office by going to www.benjaminzmiller.com and fill out the contact form.

You also can register at meetup.com at the link below:

https://www.meetup.com/benjamin-z-millers-investor-networking-group/

I hope that helps and good luck with your investing!

Benjamin Z Miller
www.benjaminzmiller.com
1-817-203-4160
ben@benjaminzmiller.com
https://www.linkedin.com/in/benmillersells/
https://twitter.com/BenjaminZMiller