All Forum Posts by: Xiang L.

This is in the suburb, not the city. Thanks, will check the zone and building code.  

Thanks for the nice story.. wish I could get a steal like that :)

Hello, I am interested in buying a small single family house in a decent neighborhood (average median house price around 450k), but the seller would want to sell the land (50x100) next to it together for an extra 100k to make a deal. hypothetically I can negotiate it a lower price for the land (any suggestion on how to determine the value for the land), what kind of investment can I make to turn the land into something profitable rather than just being wasted? given this is in the state of NY and the property tax ($1649 yearly for the land) is high...any suggestions/comments?

Hello, I am interested in buying a small single family house in a decent neighborhood (average median house price around 450k), but the seller would want to sell the land (50x100) next to it together for an extra 100k to make a deal. hypothetically I can negotiate it a lower price for the land (any suggestion on how to determine the value for the land), what kind of investment can I make to turn the land into something profitable rather than just being wasted? given this is in the state of NY and the property tax ($1649 yearly for the land) is high...any suggestions/comments?   

@Taylor Brugna. Thank you so much for the link! That's very helpful!

Hello, 

I am a newbie to the forum and would need help/borrow brains!!! Many thanks in advance!

I would like to be a home owner and start investing at the same time. I have read the discussions about how expensive it is to buy in NYC and its better to invest out of state, however given the new tax bill on property tax deduction, I am very confused now....I would like to stick with the idea that my purchase would be within a driving distance from where I live...so would it be a good investment to purchase something in NYC as a starter home now to live in for a few years (I know the sale price of NYC has been gone up a lot for the past few years )? or would it be wiser to keep renting in the city, but purchase something in CT or NJ and rent it out?