June Lunch & Learn & Webinar: Property Taxes

June 2022 Lunch & Learn Event and Webinar

Property taxes. . .   seems like a very basic topic for a webinar.  The fact of the matter is home buyers are facing huge potential property tax increases on the homes they are purchasing right now.  This is due to the surge in home values.  Current home owners are protected by state laws that cap the amount a taxable value can increase.  However, home buyers are not allotted that same protection.   When a property sells in Michigan, the assessor will uncap the taxable value the following year.   They may also increase the state equalized value.

What does that all mean in plain English?  To put it bluntly, it means that the borrower could receive a love letter from there mortgage lender jacking the house payment up hundreds of dollars.  As real estate professionals, we need to be able to advise our customers on what might happen the years following their purchase.  During this event you will learn all about property taxes, so that you have the knowledge to help your buyers make informed decisions.

Hot Topics We Will Cover

Here is a list of some of the things we will dive into during the event:

  • Basic Definitions: TCV, SEV, TV, etc. . .
  • Understanding the BS&A information
  • Hand calculating potential property tax increases using the millage rates for a specific property
  • The dreaded love letter increasing the payment
  • Homestead vs Non-homestead taxes the actual difference
  • Escrow accounts
  • Escrow Shortages
  • Property Tax Appeals

Come learn from one of the best!  Speaker Jeremy Drobeck was the Number #1 loan officer at Amerifirst in 2021 helping hundreds of home buyers navigate their way to home ownership.  He brings a wealth of knowledge on the topic. Jeremy has successfully appealed property taxes on many of his own properties over the years at both board of review and the state tax tribunal.   He’s calculated property taxes on a daily basis for many years on thousands of properties.

By the end of this event you will be able to figure out what the future taxes on a home would be with nothing but a calculator while you are standing in kitchen of a home you are showing.  We want to help you in your journey so we are offering both a live event and zoom webinar for each of our lunch and learns this year.  For more info on property taxes right now click here.  If you need help with anything between now and our next event don’t hesitate to reach out.   Can wait to see you there!

Sign Up Today!

LIVE EVENT

Date: June 8th

Time: 12:00 – 1:30

Location: 5830 Venture Park Dr. Kalamazoo, MI 49009

Limited Seating. RSVP required.  Box Lunch will be provided.  Email bmiller@amerifirst.com to reserve your spot!

REGISTER NOW

ZOOM WEBINAR

Date: June 16th

Time: 10:30 – 12:00

Zoom Meeting

 

 

REGISTER NOW

 

Follow this link for a list up other upcoming events

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July 2022 Lunch & Learn Event and Webinar for Realtors and Investors

Working with home buyers searching for a new primary residence is a totally different game compared to working with investors and rental property.  Sure, there are similarities, but what want-to-be home owners care about is different than what an investor cares about.  Frankly, for an investor, it’s all about the money and it should be.  When someone purchases a rental property they are essentially running a business.  If we can help them run a successful business and turn a profit they will likely come back and buy more properties.

There are lots of want-to-be investors out there and the hardest part is getting started.  We are going to help unravel the maze.  We will also look at long term planning.  Often just knowing what needs to happen to acquire the next property and the next one after that is one of the keys to success.  Owning rental property can be a great way to build wealth and we are here to help.

Visit Jeremy's Blog

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