Updated almost 10 years ago on . Most recent reply
Properties with high or low taxes...........That is the question
I'm a younger investor looking at some investment properties in Long Island and the 5 boroughs. I saw a 4 fam property in Long island around 300k but the taxes are 20k. Then I saw a 3 family property in The Bronx for 450k but the taxes are around 5k. I would like to know which one would you buy and why? Should I let the taxes affect my decision on buying an investment property even if I'm have a positive cash flow?
Cash flow after expense in Long Island possible: 2,500 a month
Cash flow after expense in Brooklyn possible: 1,800 a month.
What are the biggest tax benefits??
Thank you in advance!!!