Uncapping Property Taxes

[Terri B.]

An obstacle I'm running into with building my portfolio after analyzing a potential deal is the very high property taxes, particularly on properties that have been owned a long time by the previous owner. Im.not certain if this is a Michigan/Detroit thing but I'm finding the excessive taxes are making good cashflowing deals and the ability to profit impossible. For instance the last property I was considering taxes would go from $1K to $10K annually. Is anyone else running into to this and how are you navigating? I'm trying to think creatively (such as a land contract for a period of time) and coming up short on how to make a good deal happen.