Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 11 years ago,

User Stats

27
Posts
0
Votes
Eric Reichelt
  • Berkley, MI
0
Votes |
27
Posts

Michigan taxes killing possibilities?

Eric Reichelt
  • Berkley, MI
Posted

I'm really looking for the solution to this problem. I live in Berkley which is just an average blue collar city with a small population. My home which is a 3/2 has a tax of 3k annual, which is the norm here as well as all of Oakland County. By running numbers based on average rent of 1000-1400 and purchase of 110-140 it just seems to thin on cash flow to make sense. I'm realizing quickly Michigan is very high on tax, and therefore curious if the obvious solution of investing elsewhere is my best option. For clarity, my goal is blue collar cities. I've read the %rules, and for where they work I have zero interest in looking. Thank you to everyone here, and I'm looking forward to hearing from you.

Loading replies...