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All Forum Posts by: Philip Beckwith

Philip Beckwith has started 5 posts and replied 16 times.

Post: Appealing property taxes

Philip BeckwithPosted
  • Real Estate Investor
  • Grand Rapids, MI
  • Posts 16
  • Votes 4
Quote from @Jeff Ryan:

@Aaron J Smith, @Philip Beckwith  thanks for the feedback.  The deadline for appealing was February 14 and I was REAL busy with my regular day job amongst other things and never did get to it or attempt.  Maybe with a little more time, hopefully next time, but G.R. will be a little richer this year!

Bummer! I bet they get a lot of money from people who just don't have the time.

Post: Appealing property taxes

Philip BeckwithPosted
  • Real Estate Investor
  • Grand Rapids, MI
  • Posts 16
  • Votes 4
Quote from @Aaron J Smith:

 That's encouraging. We applied to have two of our homes lowered. One they lowered without having to go in front of the board. I thought that one was a lost hope. The one that I thought was slam dunk case for us has to go in front of the board. Go figure.

Post: Appealing property taxes

Philip BeckwithPosted
  • Real Estate Investor
  • Grand Rapids, MI
  • Posts 16
  • Votes 4

@Jeff Ryan

We are getting ready to dispute it still. I really Don't have anything to say new since I made this post. It isn't hard to fill out a dispute. Just fill out a form and get as much evidence as you can together. I think it's worth trying. If you feel like you have a strong argument, you might as well try it's the way I look at it. Wish I had more to tell you. 

Post: Appealing property taxes

Philip BeckwithPosted
  • Real Estate Investor
  • Grand Rapids, MI
  • Posts 16
  • Votes 4
Quote from @Jason Malabute:

Philip, it really depends on your county’s housing authority. For example, I own two large multifamily buildings, and when I tried to get a tax exemption for them, I had different experiences. One housing authority wouldn’t even entertain the request, while another was open to it because it was an affordable housing property, requiring just an application for the exemption.

From my experience, dealing with government agencies, especially when trying to save money or get financial benefits, can be a slow process. Be prepared to follow up multiple times, using different forms of communication—calls, emails, and if possible, in-person visits to their office.

Thanks for the reply. I am pretty much expecting red tape but hoping to be surprised.

Post: Appealing property taxes

Philip BeckwithPosted
  • Real Estate Investor
  • Grand Rapids, MI
  • Posts 16
  • Votes 4

@Kevin Sobilo thanks for your suggestion. We have an appraisal that says our house is worth much less, and I think it makes sense. I never thought about maybe they are assessing it based on wrong fundamentals such as you said. It was held by the previous owner for a very long time, so I wouldn't be surprised if some basic facts about the house are incorrect.

Post: Appealing property taxes

Philip BeckwithPosted
  • Real Estate Investor
  • Grand Rapids, MI
  • Posts 16
  • Votes 4

@Drew Sygit thank you for your input! Have you successfully appealed before?

Post: Appealing property taxes

Philip BeckwithPosted
  • Real Estate Investor
  • Grand Rapids, MI
  • Posts 16
  • Votes 4

Thank you for your input! 🙏🙏🙏

Post: Appealing property taxes

Philip BeckwithPosted
  • Real Estate Investor
  • Grand Rapids, MI
  • Posts 16
  • Votes 4

Does anybody have any tips on how to successfully appeal property taxes? We bought a property that we feel is assessed by the our local government too high. Our strongest case is that our bank appraisal says it should be much lower. Our purchase price was about the same as the bank appraisal. Any strategies beyond this would be appreciated. Thank you in advance.

Post: Any opinions on buying rentals in Grand Rapids?

Philip BeckwithPosted
  • Real Estate Investor
  • Grand Rapids, MI
  • Posts 16
  • Votes 4
Quote from @James Likis:

@Philip Beckwith how did you find the deals that you moved on last year? MLS or off market? I'm currently scanning the MLS while also trying to connect with wholesalers for some off market opportunities.

Currently just mls. We probably should explore wholesalers. In my mind those usually take more work to get into a rentable condition, but maybe I'm totally wrong on that.

Post: Any opinions on buying rentals in Grand Rapids?

Philip BeckwithPosted
  • Real Estate Investor
  • Grand Rapids, MI
  • Posts 16
  • Votes 4

Hello Grand Rapids investors. What is your feeling about buying single-family properties in Grand Rapids now? It seems pricey, but that doesn't mean it isn't worth investing.

Last summer it was pricey too, but we waited, found a couple of fixer-uppers and made it work just fine. I'm thinking with patience and being smart about things, there is still a chance for making a new in investment work. I'm wondering if people agree or disagree.