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Updated over 15 years ago on . Most recent reply

Mark Forest's profile image
Mark Forest's profile image
Mark Forest
  • Real Estate Investor
  • from Fenton, Michigan
  • Member since Jul 1, 2008
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Mark Forest's profile image
Mark Forest's profile image
Mark Forest
  • Real Estate Investor
  • from Fenton, Michigan
  • Member since Jul 1, 2008
Connect
Mark Forest
  • Real Estate Investor
  • Fenton, MI
153
Votes |
946
Posts
Tax, SDIRAs & Cost Segregation

Property tax

Mark Forest
  • Real Estate Investor
  • Fenton, MI
Posted

I just got the summer tax on my property and it is over $5000.00. I paid $130k for the house. I just do not see how the governement expects landlords to stay in business if they suck away most of the profits. I am only getting around $1100 a month in rent.

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