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Real Estate Flipper Guy
14.5K posts

Real Estate Flipper Guy
@DetroitFlipper
Full Time RE Flipper Since 2009. 2,000+ Transactions. Sharing 15 years of knowledge FREE. Featured in Bloomberg and Bigger Pockets. SFR & CRE. Girl Dad x 3
Detroit, USA Katılım Mart 2011
1.3K Takip Edilen2.1K Takipçiler

@PaulGoldEagle Might need to get yourself a new map. This bill died.
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The Florida House just voted 80 to 30 to eliminate property taxes for homeowners.
That’s one of the boldest tax moves any state has attempted.
The Florida House Speaker called it "the most aggressive property tax legislation ever passed by a legislative chamber in the history of the United States."
That's not a small claim.
And it didn't come out of nowhere.
Florida homeowners have been getting crushed.
Home values across the state have exploded over the last five years.
A house worth $250,000 in 2019 is assessed at $450,000 today in many counties.
The tax bill followed that number straight up.
For retirees and long term homeowners on fixed incomes, that increase hasn't been gradual.
It's been brutal.
Here's what the proposal actually does.
It gradually increases the homestead exemption by $100,000 annually for ten years, reaching complete elimination of non school property taxes by 2037.
Law enforcement and public safety budgets are constitutionally protected, so they can't be touched.
For a homeowner with a $400,000 property, that's potentially $4,000 to $6,000 back in their pocket every single year.
For retirees who did everything right and are now watching inflation and rising taxes eat through their fixed income, that number is SIGNIFICANT.
Governor DeSantis has been pushing this hard.
He's called property taxes "an oppressive and ineffective form of taxation," arguing that as long as they exist, homeowners are effectively paying rent to the government in perpetuity.
But here's the part nobody's celebrating yet.
Florida collects roughly $14.1 billion annually from the homestead property taxes this proposal would eliminate.
That money currently funds fire departments, police, EMS, road maintenance, school districts, and county infrastructure across the entire state.
Nobody has clearly answered where that money comes from instead.
And there's a twist most people aren't talking about at all.
Economists project that eliminating property taxes could actually INCREASE home values by making ownership significantly cheaper to hold long term.
Which sounds great until you realize that higher home values mean even less affordability for first time buyers who are already completely locked out of this market.
Existing homeowners win.
First time buyers might get squeezed even harder.
There's also a long road ahead before any of this matters.
This still needs Senate approval, which hasn't moved yet.
Then it needs to survive the full legislative session.
Then 60% voter support in a statewide referendum to pass as a constitutional amendment.
That's an incredibly high bar and a lot of places for this to stall, get watered down, or die entirely.
Florida just lit the match.
Whether it starts a revolution or burns the house down is still very much to be determined.

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@HustleBitch_ @grok How does this compare to foreclosure rates in 2008?
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🚨 82,000 U.S. HOMES FORECLOSED IN JUST 60 DAYS — THE BLOODBATH IS ACCELERATING
The new numbers just dropped… and they’re not slowing down.
• January: 42,000+ homes foreclosed
• February: 40,534 more
• 82,000+ homes lost in just 60 days
Nevada and Delaware are leading the surge.
Florida is right behind.
This isn’t just “missed payments.”
Foreclosure means people were already 120+ days behind…
They ran out of time.
The part nobody’s saying out loud:
• Long-term unemployment is rising
• People are underemployed
• Households are quietly falling behind
This isn’t a one-off spike.
It’s happening two months in a row.
And this is BEFORE any larger economic shock hits.
If this is what it looks like now… what does this turn into next?
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Former Cardinals WR Greg Dortch is signing a one-year deal with the Lions, sources tell me and @RapSheet.
A reunion with new new Lions OC Drew Petzing, who coached the speedy Dortch the past three years in Arizona.

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@BenGarciaShow @SuperGrok how much did AZ offer compared to the Miami offer ?
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Malik Willis could’ve taken a little less money and worked with Mike LaFleur, Trey McBride, Marvin Harrison Jr, Michael Wilson, Kendrick Bourne and a completely revamped offensive line.
But he chose a couple extra million a year in the short term.
Terrible business decision.
Ted Nguyen@FB_FilmAnalysis
Feel bad for Malik Willis. His second chance to be a full time starter will be in a full tear down. Wonder if the Dolphins expressed their plans to him before he signed.
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@DBro_FFB @krisrhim1 Keenan barely plays to begin with lol
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@willnyguifarro1 A couple whoppers in there 🍔🍔🍔
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@LuxuryWatchGuy1 Probably because it Looks like it was made on a 3D printer
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Grade Marv's second NFL season:
🏎️ 41 Receptions
🏎️ 608 Receiving Yards
🏎️ 4 Touchdowns
(📸@AZCardinals) #BirdGang

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JSN has been insanely efficient with his opportunities.
Routes run:
JSN - 469
Calvin Johnson - 770
Underdog@Underdog
It only took Calvin Johnson 16 games to set the NFL receiving yards record. JSN can break that record on Saturday 👀
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@sugarbeanjones @financedystop I’m not an expert on the matter I just know medical is the number one cause of BK in the U.S.
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@DetroitFlipper @financedystop I have never seen a BK discharge w/most of debt to healthcare. Been in mortgages for 30+ years. Is there med bills on credit reports, yes w/avg mo amt owed. Never seen turned down mtg strictly due to catastrophic medical issue/costs. A lot of information is FEAR based.
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@CaseyMericle @georgebeatty Ive never had a reason to have anything bad to say about @CaseyMericle but that’s a bad way to make a statement.
“I’ve done more than you….”
You’re better than that.
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No
But my guess is I’ve closed a few more deals than you
I get your frustration
Your wholesaling & the title company slows you down
Yes, they mess things up sometimes
They’ve saved your a$$ more than you realize & you probably didn’t take the time to thank them
It’s a very tough biz because even their best efforts get sh*t on when things outta their control don’t get recorded or fraudulently conveyed tie up a deal you’re working on
Good title companies will work to fix it
There’s plenty of bad title companies out there
But if you’re sayin’ all title companies suck
Then you’re exactly like the girl that’s dated 100 guys & say “I can’t find a good guy”
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Ok Crunchy Friends:
I bought some of that good soap (ditched the Dove)
Swapped out the toothpaste for Fluoride Free stuff
Ditched the Lubridem lotion (haven't replaced yet)
Traded the Vuori joggers for 100% organic cotton sweats (amazing actually)
Dropped the Calvin Cline under for 100% cotton
I need a swap for Speed Stick (deodorant)
Do I swap the toothbrush for a bamboo one?
Send me your health hacks bros... (cant believe I am actually doing this, but the sweats are a massive upgrade)
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@cmain7 Really impressive. How many months between photos?
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