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Updated almost 10 years ago,
New north of nyc
Just joined BP. Been an agent for many years now doing my own investments, a few flips, now analyzing buy/hold. In Westchester NY, the taxes are insane, $14K/yr on $300K 2-unit purchase, so the cash flow stories I read on here are close to impossible. Would you simply go somewhere else or just hold and bank on appreciation and paying down loan? I'm finding some things off market which helps. Obviously rents are higher here.
Also, all these $100k purchase I read about here, with big cash flow....do these not appreciate? Seems to be some disconnect from what I'm seeing. Otherwise I should move to these places?!