5 Steps To Buying Rental Properties In Detroit

Considering buying rental properties in Detroit? Here are the basic steps: Step 1. Why Rental Properties Before buying rental properties in Detroit, Michigan, ask yourself: what is my goal with the property? Will I be renovating and reselling the property? Will I hold the property long term and collect rental income? Will I live in … Continued

5 Steps To Buying Vacant Land In Detroit

Considering buying vacant land in Detroit? Here are the steps to follow: Step 1. Why Land Before buying vacant land in Detroit, Michigan, ask yourself: what is my goal with land? Will I be reselling the land after my purchase? Am I looking to build on this land? If so, what am I going to … Continued

How To Give Investment Real Estate As A Gift In Detroit

The gift of investment real estate is life-changing. It might be your son or daughter’s opportunity to retire early or build a great college fund for their own children. As of 2019, the IRS Gift and Estate Tax Exemption Amount states that any one person can gift another person up to $15,000 tax-free. Also, you … Continued

What To Do If Your Tenants Asks To Sub-Lease In Detroit

There are a variety of reasons why your tenant may ask to sub-lease in Detroit. Some landlords are fine with it, while others are not. Learn more about the process in our latest post! Sublets can work out just fine so long as the tenant has received the permission of the landlord. All contracts need … Continued

Anatomy of A Great Detroit Real Estate Investment Deal

Anatomy of A Great Detroit Real Estate Investment Deal Sometimes Detroit real estate investors just need to see the numbers to know that the types of investment properties they’re seeking are really out there. Here’s an excellent example of an affordable, large rental property that needed just a bit of work to make it ready … Continued