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Updated over 9 years ago on . Most recent reply

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4
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Anthony Castellanos
  • Investor
  • Bronx, NY
0
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4
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Properties with high or low taxes...........That is the question

Anthony Castellanos
  • Investor
  • Bronx, NY
Posted

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!!!

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