I am a full time practicing attorney in Farmington Hills Michigan with over 25 years of experience.

Originally posted by @M Marie M.:I

I have been working with investors as well as retail in Oakland County Michigan for over 30 years.Looking forward to a long relationship here with the Bigger Pockets family.

When I did this experiment I used M/I homes...for no reason other than I knew where each was.

Account Closed   We live in phoenix and have done rehabs in Mi, IA, WI and IN, most of the properties we did not see before purchasing because we were buying defaulted notes so we could not get in before we foreclosed.  

Hi AndrewThat's a tough one because tax rates seem to vary from state to state.I'll give you a quick example: Salt Lake City, Utah $300,000 home with an annual tax amount of $2,500.Detroit, Michigan $35,000 home with a $2,500 annual tax rate.Pontiac, Michigan ( different county that Detroit but only 20 miles north of it) $35,000 home with a tax rate of $700 annually.In the midwest and west I see an NOI of under 6%, in C grade neighborhoods.Select areas on the east coast and surrounding region I see NOI's of 9% to 15% in C grade neighborhoods.Property Taxes are the same whether the home is held personally or in an llc.I hope this helps, please feel free to send me any Specific questions and I'd be glad to answer them.Good Luck.

Same as in Michigan.  

I have been looking at other states, mainly Michigan and Pennsylvania and cities like Pittsburgh or Philadelphia where the ROI is much higher.

We have a wealth of REIA meetings in SE Michigan.

Beginning wholesaler looking to talk to attorney to find out how to legally wholesale properties in Michigan.