In the State of Michigan property taxes are vastly different for primary residences and other properties. Primary residences are exempt from an additional 18 mil school tax. Depending on the other taxes in your local area this typically amounts to anywhere from a 25% to a 50% tax savings. For a …
When I purchased the railroad property behind my house last year one of the major problems I encountered was the high property tax assessment. The property was assessed at $7,600 which is half the projected market value of the property. Since the township believes the property to be worth $15,200 …
A couple months ago I published an article on How I bought a house at age 20. Since then, I have been asked if it would be possible to buy a house directly out of high school. I know I wasn’t ready for home ownership when I bought my first …
Moments ago I made the first large step towards accelerating our mortgage. I transferred $5,000 to our loan, dropping our balance to below $100,000 and taking over 2 years off the back end of the mortgage. I originally wanted to throw closer to $10,000 at the house, but fell short …