4 tips for “cheap” real estate

How do you find the real bargain houses and apartments? 4 basics to get you started with real estate & investments.

Neighborhood: make it known you’re buying real estate

The local neighborhood is often the best place to start your real estate acquisition.

People around you should know about your interest in real estate investing!

Because only if they hear about it, they can automatically send you offers or recommend you to potential sellers.

One way to increase your presence in the neighborhood is to attend local events. At these, you can start conversations about real estate and share your intentions. In addition, social media can be helpful in spreading your message. Remember that building trust in the neighborhood takes time, but can be the basis for many successful businesses in the long run.

• The local neighborhood should be the first to know about your intentions
• If no one in your area knows you’re looking to invest in real estate, potential deals and referrals will pass you by
• Use local events, social media and word of mouth to communicate your interest in real estate

Address B2B contacts: Networking with professionals

Working with business partners can be extremely valuable to your real estate acquisition efforts.

These include professional brokers, tradesmen and property managers.

These players often have access to properties even before they appear on the public market.

To work successfuly with these professionals, you should offer superior incentives that motivate them to send you information about real estate listings. Partnerships or tipster commission can be an effective way to pique their interest. A good relationship with B2B contacts can give you access to exclusive properties and give you a competitive advantage.

• Search for B2B contacts such as professional brokers, craftsmen or property managers
• These contacts often have access to properties before they appear on the market
• Consider how you can be attractive to these contacts, such as through partnerships or referral fees

Direct contact with owners: Actively search for real estate

Sometimes it is necessary to actively search for properties and contact owners directly. This means that you proactively look for properties, whether in your area or in specific regions that are interesting for your investments.

Research carefully to locate owners and have professional conversations to get their interest. It’s important to build trust and be respectful, as this increases the chances that owners will work with you and offer you their properties. This direct approach requires patience and persistence, but can often lead to great deals.

• Actively search for properties and talk directly to the owners
• Do research in your area or areas of interest for your investments
• Be respectful and professional in your conversations to gain the trust of owners

Continuity: patience and consistency

Successful real estate acquisition requires not only commitment, but also patience and consistency. It is unlikely to become a millionaire overnight.

Take a long-term approach and continually work on your acquisition strategy.

Be authoritative and serious in your appearance to leave a positive impression. Set realistic expectations and be patient. Real estate acquisition can take some time before the first successes become apparent. Hang in there and stick to your goal – sooner or later you will be able to reap the rewards of your work and make successful real estate investments.

• Continuity is key. Build a long-term strategy
• Be authoritative and serious in your appearance to make a good impression
• Don’t lose patience – real estate acquisition requires time and preliminary work

4 Basics: Acquisition with a system

Property acquisition is a crucial step for real estate investors to find the best deals. A well-built real estate acquisition system can significantly impact the success of your investments. Remember to involve the local neighborhood, use B2B contacts, approach owners directly, and be continuous and patient. For more valuable insights and tips, check out my YouTube video on real estate acquisition basics.

Lukinski YouTube: Yield, Capital Investment & Co.

Discover with me the decisive factors, key figures and basics of real estate investment. Compared to other forms of investment, real estate offers a ‘safer’ way to invest capital with consistent returns and long-term appreciation. Want to invest your money wisely? My recommendation: Real estate, passive income and a good life.

• Lukinski YouTube

What are the Best Neighborhoods in USA? High Standard of Living

The USA is home to some of the biggest and most attractive cities in the world. From Miami to L.A., cities here are incomparable to anything else worldwide. There’s undreds of thouands of millionaires living in the USA, and you may be wondering where. Well, for this reason we’ve compiled the biggest, best, most expensive, and luxurious real estate locations in all of USA for you. This is the definitive list of real estate investment in USA neighborhoods.

Most Expensive Neighborhoods – What is the Richest Suburb in America?

No surprise, the richest suburb in the USA is Atherton, California, right next to Silicon Valley, where hundreds of ultra-wealthy CEOs live. The average house here is worth over $10 mio., and the average salary around $450.000. Thanks to it being right next door to San Francisco, the inhabitants will also find enough to do. New York is also represented on the list, as well as Miami, and Boston. Perhaps surprisingly, Wilson, WY is also in the top 10. Alongside it, Glenbrook NV which may owe its position to the fact that Nevada has no income tax. Check out the full list with the median house price below:

1. Atherton, California – $10.194.000
2. Los Altos, California – $6.326.000
3. Tribeca, New York – $5.137.000
4. Medina, Washington – $4.894.000.
5. Fisher Island, Miami – $3.707.000
6. Glenbrook, Nevada – $3.225.342
7. Beacon Hill, Boston – $3.155.000
8. Woods Hole, Massachusetts – $3.154.000
9. Snowmass, Colorado – $3.031.000
10. Wilson, Wyoming – $2.798.000

Miami Best Neighborhoods for Real Estate – Coral Gables, Indian Creek Island, Co

Miami Vice, CSI: Miami, there are seemingly hundreds of TV shows and movies set in this legendary city. Thanks to its uniquely attractive climate, along with ultra-expensive real estate, you’re likely going to be looking at a life of vacation in this Florida metropolis.

If you’re looking at buying property in Miami, you’re going to want to know exactly which neighborhood you are going to be lookinng at. It is important to invest in the right areas to avoid a depreciating property haunting you. Below is our suggestion on the best neighborhoods in Miami to invest in real estate:

1. Downtown Miami
2. Coral Gables
3. Little Haiti
4. Bayshore
5. Pinecrest
6. Coconut Grove

Of course if you want to really go for the big time, and move to one of the richest neighborhoods in USA, you can also head for Fisher Island or Indian Creek. Here you can expect to pay over $10.000.000 for an average house! Check out the full article on Miami neighborhoods below!

Miami – Best Neighborhoods

Los Angeles Best Neighborhoods for Real Estate – Bel Air, Culver City, Co

Los Angeles is famous for its vancant lots, its relaxed atmosphere and legendary suburbs. Buying a house in L.A. was for some time a pleasure, with Culver City, Echo Park, and similar communities being home to affordable real estate and desirable living. Nowadays though you’ll likely have to settle for less.

Los Angeles real estate investment requires a good strong look at the neighborhoods. We’ve analyzed the data and come up with our suggestions for buying real estate in Los Angeles. Below is the definitive list of best LA neighborhoods for property investment:

1. Culver City
2. Silver Lake
3. Glendale
4. Monrovia
5. North Hollywood
6. Highland Park
7. Venice Beach

These are probably the best neighborhoods if you’re thinking about investing in real estate. For a full rundown of where to invest, and how to invest in LA, take a look at our article which tells you all the most important facts about L.A. real estate investment.

Los Angeles – Best Neighborhoods

NYC Best Neighborhoods for Real Estate – TriBeCa, Upper East Side, Co

There are a lot of really expensive places in New York. In fact it is one of the most popular places for the super rich. If you’ve walked along the streets in TriBeCa or Chelsea, you will not be surprised that these areas count to some of the most exclusive, luxurious neighborhoods in the whole country.

For New York real estate investment we must go beyond TriBeCa and Manhattan though. Williamsburg, Flatbush, are great places if you want to buy an apartment in New York, and in the Hamptons you’ll have no problem buying a house in NY. all places where a good deal will take you far. Below is the definitive list of best NY neighborhoods for property investment:

1. East Village
2. SoHo
3. Park Slope
4. Williamsburg
5. Greenwich Village
6. Chelsea
7. TriBeCa

These are probably the best neighborhoods if you’re thinking about investing in real estate. For a full rundown of where to invest, and how to invest in NYC, take a look at our article which tells you all the most important facts about NY real estate investment.

New York – Best Neighborhoods

San Francisco Best Neighborhoods for Real Estate – Haight/Ashbury, SoMa, Co

San Francisco is where the hippie movement began, where Facebook, Apple, Google, and pretty much every other tech startup call home, and is also home to some of the most expensive suburbs in the world. Of course not everywhere is expensive here, and if you want to invest smartly, you will not invest only in the areas that are already in. One positive, California property tax is quite low compared to other states!

If you’re looking at buying property in San Francisco, you’re going to want to know exactly which neighborhood you are going to be looking at. It is important to invest in the right areas to avoid a foul investment. Below is our suggestion on the best neighborhoods in Miami to invest in real estate:

1. SoMa
2. Union Square
3. Sunset District
4. Nob Hill
5. Haight/Ashbury
6. Pacific Heights

These are probably the best neighborhoods if you’re thinking about investing in real estate. For a full rundown of where to invest, and how to invest in San Francisco, take a look at our article which tells you all the most important facts about San Francisco real estate investment.

San Francisco- Best Neighborhoods

Las Vegas Best Neighborhoods for Real Estate – Bel Air, Culver City, Co

Las Vegas is the city of sin, and its real estate market may at times feel like that. The market here can be complex and scary, but not to worry because we are experts. One advantage of living in Las Vegas: Nevada is one of the states with no income tax.

Las Vegas is perhaps best known for the strip, and while it’s certainly not a bad idea to invest here, there are many places you only find out about if you’ve lived in the area. There are hundreds of gated communities around it though, and Summerlin and Henderson are the suburban millionaires dream areas. Check out our list of the best neighborhoods for property investment:

1. Whitney Ranch
2. The Strip
3. Arts District
4. University Districct
5. Summerlin
6. Rancho Charleston

These are probably the best neighborhoods if you’re thinking about investing in real estate. For a full rundown of where to invest, and how to invest in LV, and the things you absolutely need to look out for, our article can help. Check out

Las Vegas – Best Neighborhoods

How to Invest in Real Estate USA – Most Important Facts

If you’re wondering about where to invest in the USA, look no further. Big players like New York, Miami, and Los Angeles are analyed above, to explain in detail the state of real estate, an analysis of the current real estate market in USA, broken down, in simple words.

Real Estate Forms – Types of Property Investment

There are many different types of real estate (whether commercial, industrial, residential), but also different types of residential real estate, such as condos, apartments, houses, and the list goes on on and on. There are a few to concentrate on, and for sake of space, we won’t go into too much detail here. The most important types are house, apartment, townhouse, and condo. Check out our article if you want to learn more about types of real estate investment.

• Apartment
• House
• Condo
• Townhouse

What Real Estate Corporations are There? Sole Proprietor, S Corp, LLC, etc.

If you’re going to invest in real estate, you will want to reduce real estate taxes, and reduce liability. This is important so that you do not become involved in a costly legal battle which can cost you your livelihood. Forming a company which rents and owns your property means that the company is liable, and not you. If you want to do real proper investment, and would rather avoid legal issues and unnecessary taxing, these forms of corporations are for you:

• LLC
• Limited Partnership
• General Partnership
• S Corporation
• C Corporation
• Multiple Entities
• REIT

Taxes – Real Estate Taxes Explanation

Taxes are almost universally hated. On top of the fact that it a person has to give away some of their own money, it is also incredibly confusing which makes it all the more frustrating to deal with. Thankfully, that second part can be helped with our easy explanations on the topics.

Property Taxes – What are Property Taxes?

Property taxes are taxes you pay to the state in return for owning real estate. This can be in the form of a house, or of a piece of land, and in some states you can even pay property taxes on your boat or computer.

• Illinois Property Tax – 2.05%
• New York Property Tax – 1.40%
• Florida Property Tax – 0.94%
• Washington Property Tax – 0.92%
• California Property Tax – 0.74%
• Hawaii Property Tax – 0.30%

Property taxes are typically calculated by multiplying a certain rate (e.g. in Washington: 0,92% = 0,0092) by the value of your property (e.g. $1.000.000), which results in your property tax:

0,0092 x $1.000.000 = $9.200

For a full list of property tax rates by state, check out our article

• Property Taxes Explained, Ranked by State

Buying Real Estate Taxes – Transfer Tax, Mortgage Tax, Etc.

There are 3 taxes when buying real estate. These three are real estate transfer tax, the mortgage tax, and property taxes, which you must pay pro-rata. In fact these are just few of the costs which will be approaching you when buying real estate! There are also the infamous closing costs, which can cost incredible sums.

• Transfer Tax
• Mortgage Tax
• Property Tax (Pro-Rata)

Are you looking to save money on the taxes you have to pay in relation to your real estate. Then you should take a look at the many

Real Estate Tax Deductions

Where do the Richest People Live?

If you’re a millionaire, you want a house befitting of a millionaire. That’s why we’ve collected everything you need to know about the places with the most millionaires, the most billionaires, the most expensive cities int he world and the country. This is the definitive luxury list. London is the city with the most millionaires in the world, with 357.000, the size of a small city! Keep reading to find out where the richest of the rich buy their property…

List – Cities with Most Millionaires

One way to measure where the richest people live is to see how many millionaires live in the city. The more millionaires, the more luxurious, expensive and high class the city is bound to be. What makes up a city to have a lot of millionaires? First and foremost, a lot of people. That means that in a city with 5 million inhabitants, you’ll likely have 5 times more millionaires than in a city with 1 million inhabitants. It’s also about where there’s luxury real estate though, because millionaires want to live like millionaires.

Worldwide – Top 10 Cities with Richest People

So, without further ado, it’s time to look at the cities which are home to most millionaires. No surprise, New York is near the top with 357.000 millionaires . It’s a playground if you want to buy luxury New York real estate. The top 5 are rounded out by London at the very top, and three asian cities following. The top 10 cities with the most millionaires worldwide are:

1. London, UK – 357.000 millionaires
2. New York City, USA – 339.000 millionaires
3. Tokyo, Japan – 279.000 millionaires
4. Hong Kong, HK – 228.000 millionaires
5. Singapore, Singapore – 217.300 millionaires
6. San Francisco, USA – 180.300 millionaires
7. Los Angeles, USA – 173.300 millionaires
8. Chicago, USA – 135.000 millionaires
9. Frankfurt, Germany – 128.300 millionaires
10. Beijing, China – 122.000 millionaires

USA – Top 10 Cities with Richest People

The USA is well-represented in the top 10 cities worldwide, making up 3 of the top ten. That’s not bad. In total the USA has over 18.000.000 millionaires, more than 4 times as much as the nearest competitor, China. With this many millionaires, they have to live somewhere, a lot of them in NYC, San Francisco, and Los Angeles obviously, but where else? These are the top 10 cities in the USA with most millionaires:

1. New York City, NY – 339.000 millionaires
2. San Francisco, CA – 180.300 millionaires
3. Los Angeles, CA – 173.300 millionaires
4. Chicago, IL – 135.000 millionaires
5. Washington, DC – 120.000 millionaires
6. Boston, MA – 110.200 millionaires
7. Philadelphia, PA – 109.000 millionaires
8. Houston, TX – 98.500 millionaires
9. San Jose, CA – 90.700 millionaires
10. Detroit, MI – 90.100 millionaires

Most Popular Destinations for the Ultra Rich – Las Vegas, L.A., and more

So you want to learn more about how the richest of the rich live? Well look no further. The richest can be found in Las Vegas Bellagio Suites, Miami Penthouses, and New York Lofts. This is how the richest of the rich live.

Las Vegas – Where the Millionaires live

Las Vegas is home to the richest man in Nevada and the richest man is: Sheldon Adelson, owner of the Las Vegas Sands, a luxury resort chain. It is home to the world’s biggest and best Casinos, and some of the most prime real estate you can imagine. Las Vegas has more gated communities than water in the ocean, and each is more luxurious than the last. That makes it attractive for people looking to have some fun, but also people who are looking to invest smart.

$18.5 mil. Mansion – Villa Tour in Las Vegas

One example of a property in Las Vegas. Typical for the city: decadent furnishings, modern and sleek style, combined with lush greenery, and of course… a golf course in immediate proximity. It also has 7 bedrooms, as well as pool with its own 21 foot waterfall.

• Location: 93 Spanish Gate Drive, Las Vegas, NV 89113

What is the Most Expensive Neighborhood in Las Vegas? The Ultra Rich

It’s a bit of a complicated matter, with Summerlin and Henderson probably being the residential areas with the most >$1 mil. transactions. Although these are not strictly within city limits, we’re just going to count it as Las Vegas. So, the most expensive residential area in Las Vegas is ‘the Ridges’, located in Summerlin. Prices range from $2 mil. and $7 mil. for a house. It is also the area in Las Vegas with most house sales >$1 mil, with the most expensive on the market at the time of writing being $30,4 mil. The full list of most expensive communities in Las Vegas below:

1. The Ridges: $2.000.000 – $7.000.000
2. Anthem Country Club: $1.200.000 – $4.400.000
3. Macdonald Highlands: $1.000.000 – $4.200.000
4. Southern Highlands Country Club: $1.000.000 – $3.000.000
5. Seven Hills: $1.000.000 – $2.700.000

Las Vegas Luxury Real Estate – Property Investments in Sin City

In Las Vegas, real estate is a commodity like in any other city, except with the difference that the city is filled with people looking to make a quick buck, and ready to take a risk. What real estate is concerned it’s an interesting market, and is likely going to be a growing niche in the national markets. Learn more about the hottest neighborhoods, the best places to live, and what you have to know about Las Vegas:

Las Vegas Luxury Real Estate

Miami – Billionaire Row in Florida

Miami is a tropical mega city, and has all the luxury and decadence to show for it. From manmade islands, to the best restaurants in the world, as well as a booming arts scene, and postcard worthy views at every turn. It’s hard to top this city for atmosphere. No wonder it’s home to thousands of millionaires who happily take a seat overlooking the clear turquoise blue waters. If you want to live among the ultra-wealthy, Miami is the place to go.

Designer Mansion in Florida – Millionaire Miami House Tour

Just outside Miami is Tommy Hilfiger’s ‘Fun House’. Here, nestled between ocean and palm trees is a mansion that looks more like a luxury resort. Estimated to be worth around $25.000.000, this probably isn’t easy to purchase. But it is on the market right now! Designed by Martin Lawrence Bullard, this beach villa tour is bound to leave you speechless.

Most Expensive Areas – Where do Millionaires live in Miami?

You may have heard of millionaire’s row in Miami. But Millionaire’s Row isn’t what it used to be. Not since the 90’s have the richest people in Miami lived in this stretch on Collins Avenue between 41st and 63rd Street. Nowadays the ultra-wealthy are heading towards Indian Creek Island, where the biggest and most expensive houses can be found.

List – Where do Millionaires live in Miami?

In Miami, millionaires tend to live in a few top neighborhoods. Although arguably all of Miami Beach is a massive luxury suburb, there’s some neighborhoods you won’t believe. As mentioned the most expensive, hottest, most billionaire, CEO, model, Actor place is definitively Indian Creek Island. Also popular are the Venetian Islands, manmade islands with some of the east coast’s most exclusive properties. Another area to keep in mind: Fisher Island, another of the famous islands lining Miami’s coral-blue waters. These are the richest neighborhoods in Miami:

1. Indian Creek Island: $15.000.000 – $47.000.000
2. North Bay Road: $7.500.000 – $45.000.000
3. Star Island: $7.100.000 – $28.000.000
4. Hibiscus Island: $1.200.000 – $14.200.000
5. Venetian Islands: $1.000.000 – $25.700.000

Where to Buy Property in Miami – Real Estate Investment Florida

To make smart investments, you need to know the situation. From Florida property taxes, mortgage, renovations, etc. everything you need to know about buying a house in Miami, can be found in our article on the top investment areas for Miami. It also details real estate market explanations, and steps to buying real estate, houses, apartments, etc. in Miami, Florida’s hottest, richest, biggest, city.

Miami Luxury Real Estate

Los Angeles – Richest, Celebrities, and CEOs

Los Angeles is maybe one of the most famous cities in the world. If you want to buy real estate in L.A., you may want to look away now. L.A. isn’t just famous because it’s home to Hollywood, Bel-Air, and Beverly Hills. This mega city has everything from art, world-class restaurants, stadiums, beaches, and the list goes on. It’s truly a playground for the richest of the rich.

Top 10 Richest People in L.A. – Who are L.A’s richest inhabitants?

The richest people to live in L.A. are mostly businessmen. There are few women, and also few from the film industry. Although the famous movie director Steven Spielberg is at 12th, and music mega-producer and owner of Geffen Records, David Geffen is at 6th position. The richest people living in L.A. are Elon Musk ($197 bi0.), pharma mogul Patrick Soon-Shiong (6,9 bio.), and Sean Parker ($3 bio.). To spot for the richest people in L.A., the full list of wealthiest Angelenos:

1. Elon Musk
2. Patrick Soon-Shiong
3. Sean Parker
4. David Geffen
5. John Tu
6. Eli Broad
7. Stewart & Lynda Resnick
8. Tamara Hughes Gustavson
9. Steven Udvar-Hazy
10. Rick Caruso

Most Expensive Property in Los Angeles – Luxury Home

This massive property has been dubbed the most luxurious house in the USA. Being worth over $250 million, and including a prviate helicopter, personal chefs, masseuses, 24/7 security, and much more, it makes sense that this property is as expensive as it is.

• 21 Bathrooms
• 12 Bedrooms
• Location: 924 Bel Air Road
• Price: $250 mio.

Where do the Rich Live in Los Angeles? Most Expensive Areas in L.A.

Everyone’s heard about the mega-mansions in Beverly Hills, or the villas lining the palm-lined streets in Bel-Air. There’s probably a lot of areas you’ve never heard of though, that are home to the richest and most luxurious houses you can imagine. Topping the list, Beverly Hills with the average home here costing aroun $9.990.000. Note, if you want to buy an apartment in L.A., it won’t be this expensive! Below the list of most expensive neighborhoods in L.A.:

1. Beverly Hills – $9,99 mio
2. Bel-Air/Holmby Hills – $5.7 mio.
3. Malibu – $5,49 mio.
4. Brentwood – $4,5 mio.
5. Pacific Palisades – $4,7 mio
6. Beverly Hills Post Office – $4,4 mio.
7. Santa Monica – $3,6 mio.

Buying Real Estate in L.A. – Most Expensive

For Luxury Real Estate in L.A., for example if you want to buy a house in L.A., you’re going to want to get informed first. That’s why we have our full overview below. It tells you everything from the current state of the market, the things you should look out for, where to buy real estate in L.A., and pretty much everything else you need to know if you’re thinking about buying property in the city of angels.

Los Angeles Luxury Real Estate

New York – NYC Billionaires Real Estate

If Los Angeles is one of the most famous cities in the world, New York City is the most famous. It is synonymous with metropolis, America, and everything you could ever want or imagine exists in this mega-metropolis. It’s home to some of the tallest buildings in the world, the richest people in the world, the best condos and apartments, and the best bars and restaurants. Apart from some extremely high property taxes, New York City is a gift for real estate investors.

Condo tour in New York – Luxury Apartment Walk-Through

This apartment can be found in the world’s slimmest skyscraper, and gives you a view of central park. It’s seemingly endless luxury begins with the plaster walls, true-wood flooring, a bar with marble countertops. If you’re packing your bags, slow down though, as you’re going to be looking at the hefty price tag of $28.750.000.

• Price: $28.750.000
• Location: 111 West 57th

What is the Most Expensive Neighborhood in New York? The Richest in the Big Apple

It’s no surprise that almost all of the most expensive properties in New York are going to be found in Manhattan. Famous for big companies, its crazy income tax, and skyscrapers to no end. Remember that these prices are for buying an apartment in New York, if you want even more luxury, try buying a house in New York. The ultra-luxurious and high-class areas in this part of the city are world-famous. SoHo, TriBeCa, and Hudson Yards can be heard in movies and songs every year thanks to their iconic status in culture. The most expensive neighborhood in all of NYC is NoHo, with the average house costing around $3.250.000. On a side note, the most expensive area in Brooklyn Cobble Hill is around $1.600.000, and in Queens, Ditmars Steinway is $1.100.000.

1. Noho – $3.250.000
2. Hudson Yards – $3.201.875
3. Tribeca – $3.150.000
4. Central Park South – $3.050.218
5. Nolita – $3.002.146
6. Theatre District – $2.970.000
7. Bowery – $2.350.000
8. Soho – $2.330.000
9. Civic Center – $2.270.000
10. Hudson Square/West Soho – $2.050.000

Luxury Real Estate New York – Expensive and Luxurious

Buying real estate in New York is surely no easy task. If you’re thinking about investing in New York real estate, or even just want to get informed about the real estate market in New York, we have the perfect reading for you. In the article below we detail the best neighborhoods to live in New York, where to buy real estate, how to get into the real estate market, and what you need to look out for. It’s part of our series on buying a house and buying an apartment.

New York Luxury Real Estate

San Francisco: Real Estate Investment in Silicon Valley

San Francisco is one of USA’s legendary cities. It is immediately next to silicon valley, was the birthplace of hippies, and is one of the most important cultural hubs of the 20th century. This is reflected in the real estate market though. There are many reasons why San Francisco is considered to be one of the most difficult real estate markets to get into. Not to worry though, we give you the full rundown of where you should invest in this metropolis. First we take a short look at the economy and the general real estate market though.

Why is San Francisco Economically Successful – Major Industries, Prediction

San Francisco may have started its fame with the gold rush, but nowadays it is a tech mega-city. While a lot of the action takes place in Silicon Valley, there’s a massive number of tech startups starting out within the city limits as well. Another important sector is finance, with the largest porportion of employment in the city. Next are business services like consulting, retail, and of course tourism.

• New Technology
• Finance
• Business Services
• Retail
• Tourism

Where does San Francisco Rank in Cost of Living? Expensive Luxury with Culture

In the cost of living index published by Numbeo, San Francisco is ranked 4th (94,17), with New York being two spots ahead at an index score of 100,00. The average restaurant trip here will cost $19,00 and a loaf of bread $3,80. If you’re looking to move here, remember that basic utilities for a month cost $166 and the average internet plan $69. Not to worry though, as the average monthly salary is higher than elsewhere too, with $7.777 after tax landing in your pocket. If you want to see where San Francisco ranks, look at a few select cities below, with their index and rank in US cities:

• Hamilton, BE (147,00) – 1
• New York City, NY (100,00) – 2
• San Francisco, CA (94,17) – 4
• Los Angeles, CA (81,31) – 15
• Miami, FL (77,98) – 25

Rent Index – Does San Francisco have the Highest Rent?

It is also possible to look at the rent index. This gives information about the relative price of rent. Considering that San Francisco is considered by many to be the most expensive city to rent in, it’s no surprise, that they rank first in the most expensive city for renting. This also demonstrates the unique position which San Francisco has, where its cost of living generally is not higher than other cities, but its rental price is. Take a look at the ranking below:

• San Francisco, CA (116,48) – 1
• New York City, NY (100,00) – 2
• Hamilton, BE (94,98) – 3
• Los Angeles, CA (75,17) – 10
• Miami, FL (62,01) – 16

San Francisco Views – Drone Flight

San Francisco is obviously most well-known for the Golden Gate Bridge. It has so much more beauty though, and this is captured by drone in the video below.

Real Estate Investment: High San Francisco Real Estate Inventory

Real estate in San Francisco is legendary. Not always in a positive way, but legendary nonetheless. From impossibly luxurious apartments, to the infamous rowhouses on its hills, and impossibly high rent, this real estate market has it all.

Real Estate Prices San Francisco – Overview

If you’re looking at investing in real estate, you can expect to pay an average of $14.485 per square meter in the city centre. Outside the city centre it’s less, but still a strong $9.989. Comparing that to a rental price of $3.224 for a 1-bedroom apartment, or $7.100 for a 3-bedroom.

• $14.485 per Square Meter
• $3.224 for 1-Bedroom Apartment

San Francisco Real Estate Market Guide – Is it a Good Time to Buy in the Bay Area?

In January of this year, the amount of sales were 67% higher than in the year previous. A remarkable increase. This is likely not going to continue increasing as heavily, but it is indicative of the positive change in the Bay Area. What’s important is that the San Francisco real estate market is incredibly complex, with prices varying quickly, and by location. At the moment the market is marked by very high inventory, and low sales. That means it is a good time to buy in San Francisco at the moment, especially single-family residentials!

• Yes, right now is a good time to buy, with low prices thanks to many houses being on the market

Most Expensive, Cheapest Neighbourhoods in San Francisco – Real Estate Prices

The most expensive real estate in San Francisco can be found generally in the North of the city. These are places like Presidio heights, Cow Holow, and Russian Hill. Central San Francisco is home to a broad range, with e.g. Ashbury Heights being among the most expensive, while Monterey Heights ranks lower. The cheapest can be found in Southeast San Francisco (Visitacion Valley, Bayview, or Silver Terrace).

The Top 5 Most Expensive Neighborhoods in San Francisco – Real Estate

If you’re buying a house, the most expensive place to do it is in Presidio Heights, with a median sales price of $7.350.000. Next up is Pacific Heights with a median sales price of $5.600.00, and Sea Cliff at $4.672.500. The full ranking of the top 5, by median sales price is below:

1. Presidio Height – $7.350.000
2. Pacific Heights – $5.600.00
3. Sea Cliff – $4.672.500
4. Cow Hollow – $4.296.000
5. Russian Hill – $3.850.000

Top 5 Cheapest Neighborhoods in San Francisco – Real Estate

If you’re looking for something a bit more affordable, but still in vicinty to the city, you’re still going to be forking out the cash. The cheapest area in San Francisco is Hunter’s Point, where you will still be paying around $825.000 for a house. Next up are Visitacion Valley ($910.000), Bayview ($920.000), and Oceanview ($935.000). The full list, from cheapest to more expensive below:

1. Hunter’s Point – $825.000
2. Visitacion Valley – $910.000
3. Bayview – $920.000
4. Oceanview – $935.000
5. Bayview Heights – $937.000

San Francisco Taxes – Property Taxes, Real Estate

San Francisco taxes are a complicated matter. It of course depends on if you’re in San Francisco County or San Mateo, and many more issues. Let us take a deep dive into San Francisco taxes, and what you can expect to pay.

San Francisco Tax Rates – How much Taxes do you Pay in San Francisco

In general the state of California has income tax rates between 1% and 12,5%. Also, for large businesses, the city of San Francisco has an additional tax for expenses of large businesses. This is a 1,5% gross receipts tax on payroll expenses. Additionally, in San Francisco there is a total sales tax of a massive 8,5%.

• Income Sales Tax: 1%-12,5%
• Sales Tax: 8,5%

San Francisco Property Tax Rates – California Rankings

California property taxes aren’t simple. In California, the average rate of property tax is 0,77%. Each county has their own regulations and expenses, therefore it is important to also look at the amount you will pay in San Francisco County. Here, the average property tax is 0,65%, compared to Los Angeles at 0,75% or the neighboring San Mateo County at 0,66%.

• Avg. US Property Tax – 1.1%
• Avg. California Property Tax – 0,77%
• San Mateo County – 0,66%
• San Francisco County – 0.65%

Interested in property taxes in California? Our full article on the matter should be interesting to you:

• California Property Taxes

SoMa to Ashbury: Top San Francisco Neighborhoods

There are too many neighborhoods to remember. Here we present the most important, hottest, and up-and-coming neighborhoods to keep in mind. Our top San Francisco neighborhoods for real estate are:

1. SoMa
2. Union Square
3. Sunset District
4. Nob Hill
5. Haigh/Ashbury
6. Pacific Heights

SoMa – Downtown Hub

This downtown San Francisco neighborhood is massive. If you’re looking for real estate, it’s a great catch though, South of Market (or SoMa for short) is still affordable. This is also in part due to the upcoming Central SoMa project which will create thousands of housing units and jobs.

Union Square – Lively, Exclusive City-life

Union Square is the pulse of the city, surely being among the liveliest and most exclusive parts of the city. Don’t forget luxurious shopping opportunities and swaths of hotels, restaurants and art galeries. It may be home to many tourists, but also to some of the best streets in the city

Sunset District – Suburban Dream

Sunset district is a massive neighborhood, in terms of space as well as population. It is the suburbia which many young American families are looking for. There are many schools and universities, it is safe, and with an unemplyment rate under 3%, it is also a financially healthy area. Not to forget are also the many parks, which make taking a stroll here a pleasure.

Nob Hill – Elegance and Style

While Russian Hill is still bustling with tourists due to nearby Ghirardelli Square, Aquatic Park and Lombard Street, Nob Hill is the elegant, exclusive side of San Francisco. This is the SoHo of San Francisco. Four of the best hotels reside here (Big 4), Grace Cathedral (a replica of Notre Dame, Paris) and beautiful parks, such as Huntington Park with the wonderful fountain of the tortoises.

Haight/Ashbury – Still in?

Haight Ashbury is still one of the hottest parts of the city. The former birthplace of the flower power movement, where legends such as Janis Joplin and Jimi Hendrix lived, is still the center of the alternative and creative scene in the USA. Here you can find many cafes and restaurants frequented equally by students, neo hippies, families and tourists. Although many expensive boutiques and high-end vintage stores have settled here, the flair as a former hippie stronghold is still palpable.

Pacific Heights – Best Quality of Life in San Francisco

When it comes to the quality of life, you can’t do better than Pacific Heights. This neighborhood is always described as the most expensive and exclusive part of the city, and for good reason. All around, there are unbelievable views of the coast. It is even home to what is called Gold Coast, one of the most expensive areas in the US inhabited by San Franciscos billionaires. For a more affordable area than gold coast, consider Western Addition which shares the luxurious atmosphere, without the sky-high prices.

Paying a House in California

California is a dream destination. For people from all over the world it represents the American dream, beach lifestyle, bathing in the sun with a cocktail in hand. Property taxes can differ massively, different neighborhoods in L.A. will have different tax structures. Considering California is home to Hollywood, but also Silicon Valley, this is a state where things are happening. For this reason it is also a much beloved destination for buying real estate. Whether you want to buy an apartment in L.A., buy a house in L.A., or to invest your capital completely differently, California is a fairly safe bet. It also has a fairly low property tax rate of 0,77% But where to start? It’s important to get a lay of the land about where who pays how much in property taxes. If you’re looking to invest in real estate, don’t forget about additional taxes when buying a house.

• California Property Tax: 0,77%
• Florida Property Tax: 0,94%
• New York Property Tax: 0,86%

What are Property Taxes?

Property Taxes are ad-valorem taxes which you pay for owning property, meaning that it is based on the monetary value which is estimated to be attached to an item, piece of land, property, etc. A property appraiser provides the basis for calculation.

Property tax is often confused as being a tax on real estate property. Yet this is a misconception. The largest proportion of property taxes come from real estate, because this is the most expensive property most people own. Yet property taxes can also be levied on airplanes, computers, furniture, etc. When buying a house, these must be paid in advance, and then received back from the seller. Property taxes are typically a rate which is multiplied by the estimated value of the property. This value is estimated by an appraiser, and takes into account location, age, etc.

Property taxes are a complicated concept. To learn more about U.S. property taxes, when you have to pay them, and how much each state pays in property taxes,

• Property Tax in the U.S. – Guide

What is Taxed under California Property Tax?

In different states and counties, different items count as ‘property’. In California, it is important to distinguish real property and personal property. Personal property is taxed differently than real property, and can be exempt from taxation, or have a different type of taxation.

Real Property – Everything Taxed as Property Tax

What is taxed in California is of course very different from things taxed in New York or Miami. Real property is what is often the first thought when thinking about property tax. Houses, land, or any improvements made on property of which one is an owner. The following things count as real property

• Land
• Mines or quarries, as well as all timber
• Improvements, including buildings, fences, ornamental trees, etc.

Personal Property – What Counts as Property?

Personal property is other large property. By definition, personal property is all tangible or intangible property which is not real property (see above). Some examples are tractors, boats, or even tools. Yet, not everything is taxed, for example personal effects, household goods, etc. are exempt. In California there are property taxes on bonds, mortgages, capital stock shares, etc.

How do Property Taxes Work?

In the U.S., because there are state as well as county and city property taxes, it is a complicated system. If you live in New York, you may even have to account for additional taxes such as a mansion tax. New York property taxes are of course unique in this. In general, for any given piece of land you have state property taxes as well as county property taxes. In addition to this, some cities levy additional taxes for property. Therefore, when owning property, it is important to be informed about property taxes at all government levels. In California, since 1933, the state no longer levies property taxes on any items except privately owned railroad cars. Nowadays, the ≈ $65 worth of property tax collected are mostly from schools and school districts (54%).

All across California though, you are privy to a tax exemption on your primary residence. This means that the assessed value of the property is reduced by $7.000. If you want to learn more about tax exemptions for real estate in the U.S., take a look at our article

• How to Save Money with Real Estate Tax Deductions

Average in the U.S. – Am I Paying High Property Taxes?

In general, the U.S. has fairly low property taxes. Although, it is difficult to compare to other countries as all have their own systems. Still, investing in real estate in the U.S. is all the more attractive for the low costs which are attached to owning property and buildings. Across states, tax rates for owning property are change strongly. The average tax rate in other mega cities is comparable, Miami property tax is at 0,94%.

• Average property tax rate – 1.1%

Property Tax Special! How to Write off Property Tax!

It’s possible to pay up to $10.000 less property tax if you do it right! You just need to follow the steps and deduct the right things from your bill. You can deduct the property taxes from everythign from land to boats and more! Just read our quick article on the topic!

Write off Property Tax

Property Taxes in California Counties

California, along with New York, has fairly high property taxes. Although there are no counties with excessively high taxes (the highest property tax in the U.S. is found in five counties near New York City). The highest property Tax in California is found in Marin County, Santa Clara County and San Mateo County. In Los Angeles County, the median property tax is comparatively low, slightly higher in Orange County, with San Diego County the lowest tax rate of the large counties

Property Tax Rates in Los Angeles

Los Angeles County is most famous for its metropolis of course. Home to Hollywood, Venice Beach, and quintessential to everything known worldwide about California, investing in property in L.A. county means a strong real estate market unlikely to crash any time soon.

• Median House Price – $495.800
• Avg. Property Tax Rate – 0.75%

Property Tax Rates in Santa Clara County

Santa Clara county has a significant property tax bill, with the median property tax being paid amounting to $6.183. Santa Clara is home to San Jose, and includes the famous Palo Alto. It is among the four counties in the San Francisco Bay Area which have disproportionately high property tax rates (the others being Marin, Alameda, and San Mateo County)

• Median House Price – $829.600
• Avg. Property Tax Rate – 0.75%

Property Tax Rates in San Diego County

San Diego County is home to San Diego, a city known worldwide. With a population of 3.34 mio., it is the second biggest county in California. In the city of San Diego, some 53% of the population lives in rental properties, making these a strong investment. The median property tax here is $3.672.

• Median House Price – $484.900
• Avg. Property Tax Rate – 0.76%

Property Tax Rates in Marin County

The highest property tax bill can be found in Marin county. With a median property tax of $7.063 being paid by each property owner in the county. This may be down to its close proximity to San Francisco in the Bay Area. Marin County is also among the most expensive counties in all of the U.S., reflected in its median house price of $908.000.

• Median House Price – $908.800
• Avg. Property Tax Rate – 0.78%

Property Tax Rates in Modoc County

Modoc County has the lowest median property tax paid for California counties. This is down to the low value of most properties owned here. With few attractions and the only city being Alturas, the population of 8.777 people makes this county less attractive for real estate investments.

• Median House Price – $143.100
• Avg. Property Tax Rate – 0.71%

Property Tax Rates in Orange County

Orange County, known from series such as OC California, or from the fact that it is one of the counties which make up Los Angeles. Orange County is considered an attractive real estate market. Mostly suited to buying intentions, many investors have found success in this oceanside paradise. The median property tax paid here is slightly higher than elsewhere at $4.247.

• Median House Price – $620.500
• Avg. Property Tax Rate – 0.68%

All Property Tax Rates – California Counties

These are the rankings for the lowest and highest property tax rates in Californian Counties. Above are some of the most important property tax rates to know for California. Below a comprehensive list of all counties, and the average effective property tax rate, ranked from lowest average effective property tax rate to highest. Note, effective tax rate takes into account additional exemptions or additions which come about as a result of district or municipal property taxes.

• Trinity County – 0.51%
• San Francisco County – 0.65%
• San Mateo County – 0.66%
• Santa Cruz County – 0.66%
• Humboldt County – 0.67%
• Mendocino County – 0.68%
• Orange County – 0.68%
• Santa Barbara County – 0.68%
• Colusa County – 0.69%
• Mariposa County – 0.70%
• Napa County – 0.70%
• Tehama County – 0.70%
• Modoc County – 0.71%
• Monterey County – 0.72%
• Plumas County – 0.72%
• Sonoma County – 0.72%
• Butte County – 0.73%
• Inyo County – 0.73%
• San Luis Obispo County – 0.73%
• Tuolumne County – 0.73%
• Amador County – 0.74%
• Ventura County – 0.74%
• Glenn County – 0.75%
• Los Angeles County – 0.75%
• Mono County – 0.75%
• Santa Clara County – 0.75%
• Madera County – 0.76%
• San Diego County – 0.76%
• Shasta County – 0.76%
• El Dorado County – 0.77%
• Kings County – 0.78%
• Lassen County – 0.78%
• Marin County – 0.78%
• Alameda County – 0.79%
• Siskiyou County – 0.79%
• Stanislaus County – 0.79%
• Tulare County – 0.79%
• Del Norte County – 0.80%
• Nevada County – 0.80%
• Merced County – 0.81%
• San Benito County – 0.82%
• Solano County – 0.82%
• San Bernardino County – 0.83%
• Alpine County – 0.84%
• Calaveras County – 0.84%
• Fresno County – 0.84%
• Sacramento County – 0.84%
• Contra Costa County – 0.87%
• Sutter County – 0.88%
• Yolo County – 0.88%
• Yuba County – 0.88%
• Lake County – 0.89%
• San Joaquin County – 0.89%
• Imperial County – 0.91%
• Placer County – 0.93%
• Sierra County – 0.95%
• Riverside County – 0.97%
• Kern County – 1.01%

Property Tax in California

No matter what your intentions are with real estate property in California, the counties and their tax regulations make up an important part of the knowledge bank which you need to build up before deciding how, when, and where to invest. California is an attractive real estate investment market for many reasons. Its kilometers of beaches, variety in nature, mix of hip and luxury, and hundreds of other reasons make it a numebr one destination for those looking to put their money to good use.

Investing in real estate is difficult and complicated, with taxes being a significant part of this. Our guide is sure to be of help to you,

• Buying Real Estate – All Taxes you have to Know