investing in high tax areas outside NYC
Hello
My siblings and I have recently taken over our grandparents 4 family home. I have more or less been running it for sometime now but I want to expand our portfolio. I am nervous about investing in the area I live in (Westchester County NY) because of the high tax rates. We are currently paying roughly 19k in taxes on our 4 family home. With the new tax code we are only allowed to deduct up to 10k on this home now which really sucks.
Part of me wants to sell everything a move to a cheaper state but then again this is home and where the rest of my family is. How do you all feel about rental properties in NYC suburbs or other super high tax areas?