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Buying & Selling Real Estate

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Doug Dattawalker
  • Investor
  • Tracy, CA
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13
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Buying property in Michigan

Doug Dattawalker
  • Investor
  • Tracy, CA
Posted Jul 28 2015, 18:08
I'm new to Bigger Pockets and love the wealth of information and knowledgeable people providing advice. I'm looking into investing in the Detroit area, but not so much in the bottom range fixer uppers, more in the turn-key rental markets. I live in and understand California real estate and have some questions about purchasing in Michigan. Property taxes seem high? And have a summer and winter tax? Are these in addition to basic property taxes? Is the purchase process similar to California? I plan on using a buyers agent if anyone has a recommendation. Are there any special closing costs or fees that are different? I saw one listing that said 'seller will furnish C of A'? What is C of A? Are there standard monthly expenses on a rental that a landlord would pay? I'm currently paying HOA in my rental, and am wondering about sewer/trash/gas/ etc. Thanks in advance! Doug

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