New Member in Michigan looking to learn

[Woodrow Williams II]

I have little to no experience and am currently looking to learn as much as I can from anyone willing to impart information/knowledge regarding buying property under market value, rehabbing, and renting. I currently reside in Michigan and am looking for people such as my self who are eager to learn, but more importantly, those with experience and knowledge to impart. I do not have much of value to offer in regards to real estate, but am very skilled and knowledgeable in other areas. Perhaps we can barter? Feel free to reach out ay any time.

This is not a request for a mentor. Simply anyone willing to share tidbits of information based upon experience and those like me who are looking to learn.

[Eric Wilkinson]

Get educated on how property taxes work in Michigan.  More specifically, how property taxes apply for when the owner does not live in the home and how the taxes change when a change of ownership occurs.

If you plan on investing in Washtenaw county, taxes can be a significant expense when it comes to renting.  If you don’t account for it properly in your due diligence, then you could easily see whatever cash flow you were expecting evaporate the next year when you get your tax bill.