All Forum Posts by: Anthony Castellanos

Thanks everyone for your replies. I decided to go with the cash flow property in Long Island. One reason why I decided to go with Long island is because I have a few investors who have told me that the eviction process is a lot smoother in Long Island compared to the city.  

Thanks Gino for your input. I was thinking about the same thing.......cash flow. But we all know taxes and insurances always goes up and never down. Appreciation are very similar in both markets....  

I see what you're saying......... Thanks for replying. I know a good portion of the property taxes is a write off at the end of the year... so I was thinking I would get a good return and it would balance out.  

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!!!