How I’m Quietly Turning 4 Rental Properties into a Passive Income Goldmine While Crushing My 9-5 Grind
Ashley:
For this market for near me. For example, when you close on a property, they can’t assess the taxes right at that time when or the sale goes through. There’s a reassessment every so often, whatever the town decides to actually do that. So was this in this county, was this every time the house would sell, they would reassess it for the taxes or just happen to have a reassessment done right after you closed?
Mike:
That’s a good question. I’m not positive if it was just I had lucky timing or if it was a little bit of both. From what I understand now that I’ve done a number of deals in that market and from my agent who’s doing, she’s closing six, seven deals a month. It seems like it’s every single time, at least in Wayne County, which is Detroit proper. Technically this house was in Macomb County, which is just outside of that, but more often than not now when we run the numbers, we run ’em as if they will be reassessed because of the sale every time,
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