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Updated about 5 years ago,
Is multifamily investing in Illinois/ New York worth the taxes?
Hi all,
I'm in contract with an 8-unit I'm selling in Sacramento, CA and looking to exchange for more doors in the Mid-West. I'm analyzing properties in Illinois and New York but the tax rates are so steep (over $100k annually). The cash flow on these properties fits my criteria but I'd like to know any investors in those states if it's worth the high tax rates and if there are new laws that could make those rates higher.
Thanks!
Henry