Rents/Divs go up with inflation, and capital appreciation occurs at an unpredictable rate.Yes, you’re giving up returns compared to direct RE ownership, but you’re gaining piece of mind.You could try note investing too.

(Call them condos if you want the pride of ownership.)

Its all legal and now you only have to maintain a place for 5 groups. 1) you can get a heavy cash deposit down for the ownership. 2) they pay quarterly for expenses that funds the overhead. 3) everone has a share of profit when you or they decide to sell for a higher price.

I knew nothing about renovations, home ownership, or property management, but I had a vision, determination, and a mentor in my dad.

. :-) Now, the average length of ownership is 7 years (for normal people) a longer time if you have no where else to go "UP".

Hi Robert, Sumitomo Forestry acquired PART of our company two years ago, we still retain some of the ownership and my partner and I have the autonomy to run the company how we see best.

A friend of mine started this way, and it made his transition to full-time business ownership much smoother.Document EverythingKeep meticulous records of all transfers between your business and personal accounts.

The Taxable Value is uncapped and equated to the SEV upon a sale or other transfer of property ownership, with limited exceptions.Homestead versus Non-Homestead Millage RatesCounties & cities in Michigan are allowed to set their own millage rates, with one restriction – a primary residence (Homestead) is exempt from up to 18 mills of school taxes on their Homestead property.

I’m looking to purchase it as a quasi shared ownership with 6 other investors.

You need a reserve to handle unexpected costs, particularly during the first 1-2 years of ownership and learning how to manage the property.