In State New York Investing vs. Out Of State
Hi BP!
My name is James LePage, and I'm looking to begin investing in Upstate NY (Rochester or Syracuse) Student rentals in 2020-2021. I'm beginning college (at Syracuse University) this fall, and my family is moving to Charlotte, NC, giving me the unique opportunity to choose my residency (either in NY or NC).
My question is: Are their any real estate investment benefits (like deductions, financing availability or write-offs) to investing in NY while having in state citizenship? Would it be better to have an out of state citizenship?
Thank you & and feel free to connect with me via the links on my profile!
James W. LePage