Real Estate Investment – It’s always the question, where is the best place to buy real estate. Every real estate expert will tell you the most important thing is location. So, to help you, our guide details in simple explanations the most important neighborhoods to know. This will show you where to buy real estate, and the best neighborhoods if you want to buy a house or an apartment.
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:
- Atherton, California – $10.194.000
- Los Altos, California – $6.326.000
- Tribeca, New York – $5.137.000
- Medina, Washington – $4.894.000.
- Fisher Island, Miami – $3.707.000
- Glenbrook, Nevada – $3.225.342
- Beacon Hill, Boston – $3.155.000
- Woods Hole, Massachusetts – $3.154.000
- Snowmass, Colorado – $3.031.000
- 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:
- Downtown Miami
- Coral Gables
- Little Haiti
- 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!
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:
- Culver City
- Silver Lake
- North Hollywood
- Highland Park
- 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.
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:
- East Village
- Park Slope
- Greenwich Village
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.
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:
- Union Square
- Sunset District
- Nob Hill
- 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.
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:
- Whitney Ranch
- The Strip
- Arts District
- University Districct
- 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
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.
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:
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
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