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

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

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

To Rehab or Not to Rehab? THAT is the Question

To Rehab or Not to Rehab? THAT is the Question   Many investors start investing in the Detroit real estate market with this idea in mind:   Buy a property in need of repair Fix it up Put a tenant in it and collect rental income   On the surface, it seems like a sound … Continued