Tax Deductions for Home Owners
Jeremy Drobeck of Amerifirst Home Mortgage meets with tax expert Dennis Greenfield to help people learn about some of the benefit's to home ownership. Having the ability to take the mortgage interest deduction can in turn open up a whole bunch of other write-offs. Things such as state & local taxes that were paid, property taxes, charitable contributions, etc. . . Watch this video to learn more about these possible deductions.
Property Taxes: Tax Tribunal part 3
What Do You Do When The Board Of Review Says "NO!"?
Here are a couple Pointers:
- In my experience the Board of Review almost shoots you down, but the appeal process at the State Tax Tribunal has a reasonable non-bias person there to look at your appeal - GO TO the Tax Tribunal!
- Don't be scared, these are real people there to hear your case!
- Be Prepared
- Cost FREE if its your primary residence, non-homestead fee is $125
- Petition Form (appeal only assessed value)
- 35 days after you file you should receive a docket number
- 25 days later response from municipality saying they received
- Be Prepared to wait for a hearing date! They are are backed up 1.5 - 2 years
- Local hearing where both you and the assessor present evidence (same basic thing you brought to the board of review)
- 21 days prior to the hearing you will submit your evidence or a packet showing why you are appealing
- You will also recive the municipalities evidance so you can review and dispute at hearing
- About 45 days after hearing you get the ruling.
Overwhelmed? Alan Jeffries can help for a nominal fee.
How To Dispute Property Taxes in Michigan part 2 - The Board of review
Last time we talked about why you might dispute your property taxes. Now learn HOW!
Step 1 - File with the board of review Form L-4035
Step 2 - Appeal in person if at all possible (you only get a small window each year and will need to set that up in February. Don't miss it)
Step 3- Take as much info with you as possible, you must make your case.
- Check your property record card for accuracy
- Comparable Properties (get these from your Real Estate Agent, the local county website, or hire someone like Alan Jeffires to help)
- Appraisal
- HUD -1 if recent purchase
- Try to stay away from using distressed sales as comparable (foreclosures)
- Pictures if the home is a little beat up
- Invite them out to the property
Don't be scared of these guys! It's easy to do and doesn't cost you anything! Be prepared to get REJECTED!!!!!! - Watch the next video that's where you learn how to appeal and win!
Fighting your property taxes and assessed values
Thinking your paying too much in property taxes? You might be! I look up a lot of property taxes and find that most homes are selling for less than what the local assessors are saying they are worth. Perfect example would be a home I bought for $25,000, the home was NOT a forclosure and was on the market for 501 days before I purchased it. Yet the City of Kalamazoo says the property is worth $80,000! If that's not over assessed I don't know what is. This next seris of videos is going to walk you thru the process of disputing your property taxes. You only get one shot a year and its comming up here soon at the end of Febuary. In this video I sit down with Alan Jeffries from Century 21 Advance Realty and talk the basics of what home owners need to know. Alan is a Level 3 Assesor in the State of Michigan and has been a licensed real estate agent for years!
Need Money To Fix Those Frozen Pipes?
Buuuurrrrrrr! It's Cold outside! With all the cold weather + forclosures = FROZEN PIPES! We have a program to finance all that work into the loan. Its called our 203k renovation loan. Not only can we finance in busted pipes, but all sorts of things from kitchen remodels, bathrooms, addittions, finish basements, etc. . . the list goes on and on. Call me today or apply online to see if you qualify for our renovation loan program.
RPOA Annual Conference & Expo
I wanted to share this info with you. If your a Real Estate Agent, Landlord, or even thinking of buying a rental property this would be a great place to go and learn! Realtors buy the way you can pick up some free con ed, in fact anyone who signs up prior to 2/1/2012 will get in FREE!!! The 2012 RPOA Annual Conference and expo is going to be the biggest event of the year for Michigan real estate investors. Two full days of action. They say there will be over 200 landlords and investors at the expo. There are three National speakers: Vena Jones-Cox, Nick Sidoti, & Dyches Boddiford. Plus multiple breakout sessions. I know I will be there hope to see you there too! For more information and to registar check out the Kalamazoo Area Rental Housing Association Website.
Happy Holidays !!!
I wanted to wish all our past customers, Realtor & builder partners a very happy holiday season. I really appreciate your business and support this past year. I am looking forward to this every chaning market and another sucessful year in 2012. Check out the video staring Kalamazoo Mortgage Advisor Jeremy Drobeck and Loan Processor Teresa Greener.
Question and Answer with Pest control Expert - part 7
Here is the final set of question and answers with Steve Filikins of Filk Pest Control from Kalamazoo, Michigan. Questions like how long does a termite treatment with a product like termidor last. Steves uses only the best treatment products. What are bait staition all about? And more!
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| Part 1 | Part 2 | Part 3 | Part 4 |
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| Part 5 | Part 6 | Part 7 |
Pest Inspection Q & A - part 6
As we wrap up the pest inspection serious of video here are some question and answers with Steve Filikins of Filk Pest Control from Kalamazoo, Michigan. Steve talks about the difference between a carpenter ant and black ant. You'll learn something new in this video for sure!!
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