Rental Property Investor · Buffalo, NY · Member since 2020 · 18 posts · 2 votes
Hi all,
I'm just starting out in buy and hold real estate investing (BRRRR) and running first numbers and get a little frustrated with the high property tax in my area, 2.65% in Erie County NY and 2.97% in Niagara County!
Am I overthinking these and the high property taxes will just be reflected in higher rents we can ask compared to other places with lower property taxes, or is directly going out of state the way to go?
I plan on returning to Allegany County in WNY after being away for about a decade. My thought is that higher taxes will drive the property values down, but that will be the adjustment and not the rental price.
My concern in returning to NY is how hard will evictions be in the future.