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Updated over 4 years ago on . Most recent reply

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Miguel Lopez
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Are New York property taxes worth it? Any reccos for Connecticut?

Miguel Lopez
Posted

Hi BP, I've saved $60K for a down payment for a duplex/triplex, that I'd live in. I'm looking at properties in my current location of Westchester, NY however the high prices and property taxes are a turnoff (should they be?). 

I'm not ruling out Connecticut but how do I go about choosing the markets to look at? Danbury and Norwalk are on my list but the prospects are limited. Any recommendations would be great. Thanks in advance!

Most Popular Reply

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33
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Angelo Pozzuto
  • Rental Property Investor
  • Bridgeport, CT
34
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33
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Angelo Pozzuto
  • Rental Property Investor
  • Bridgeport, CT
Replied

Hi Miguel, as someone who invests / works in both states, and has an idea of the markets your speaking about, with that kind of down payment it would be easier to find something that will work in Connecticut. That's partially because of the taxes, both income and property/school tax, but also from a overall price perspective. Personally, I don't like NY right now, I know lots of people are investing there, so it does come down to personal preference and where you feel more comfortable. My advice would be to just do something, don't fall prey to the "analysis paralysis"  

Let me know if you ever want to talk RE

~Angelo

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