Buying a Home

Oct. 2, 2018

Fall Real Estate Market Update

It is now officially fall. And, in Michigan the weather has changed drastically. However, it will be up in the 80s again early next week. Nonetheless, the leaves are changing and pumpkins are everywhere. So, what is changing with the real estate market? Well, according to CoreLogic, the year on ...

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June 10, 2018

Michigan Outpaces the National Average for Property Value Growth

Nationwide, home prices increased 6.9% year over year comparing April 2017 to April 2018, according to the most recent CoreLogic report. This includes a substantial jump of 1.2% from March 2018 to April 2018. Although nationally the growth rate was 6.9%, various geographic areas demonstrated vastly different ...

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May 1, 2018

How to Win a Bidding War with Escalation Clauses

It is probably not surprising to you that we are currently experiencing a strong sellers’ market. So, what is the best method to compete with other potential buyers? As a serious buyer, you want your offer to be accepted, and unless money is no object, you don’t want to overpay ...

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April 26, 2018

Maximize Tax Savings by Proper Investment Property Planning

I often receive questions from new and seasoned real estate investors regarding taxation of investment properties. There are many conflicting ideas out there about how to deduct this and save on that. This confusion is not unreasonable. The US has a convoluted tax code. I implore you speak with your ...

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March 12, 2018

Getting Started in Rental Property Investing

Part 2 of 4 of the series on Residential Real Estate Investment Basics: Getting Started in Rental Property Investing
Beginning residential real estate rental property investment typically involves acquiring a single-family home, or a multi-family property, specifically, a duplex, triplex, or quad. The most basic investment plan will calculate the ...

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March 8, 2018

From Housing Bubble to Today: How Far Did We Drop and Where are We Today?

After seeing homes prices peak in 2006, the US housing market collapsed in the longest economic recession this country has seen since the 1940s. Nationally home prices dropped 33% on average. In Michigan, home prices crashed 43%, which is 10% more than the national average and the 4th largest loss ...

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March 5, 2018

Real Estate Investing Success: Work Harder and Smarter

Part 1 of 4 of the series on Residential Real Estate Investment Basics: Work Harder and Smarter
Since I was young child, I have always had a fascination with real estate and architecture. As a teen, I would sneak into construction sites (please don’t do this!) and walk the floor ...

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Feb. 28, 2018

Michigan Property Taxes and Avoiding "Uncapping"

The Tax Act requires an annual assessment of all taxable property in the state of Michigan. Before the end of the day of the first Monday in March, the assessor must complete the annual assessment roll, setting forth the name and address of every person subject to the tax, along ...

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Feb. 26, 2018

1031 Exchange – Defer Tax to Increase Wealth

When a property is sold, the seller is forced to pay capital gains on the profit realized from this sale. For example, say you buy a rental property in 2010 for $250,000. If you are able to sell that property today for $310,000, you would have a profit ...

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Feb. 25, 2018

Michigan Water Law Basics

Water law is important in Michigan, not just because of the Great Lakes, but also because the state boasts more than 60,000 inland lakes and rivers as well. The terms riparian and littoral are used to refer to the set of rights that a landowner has to use the ...

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