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Checklist: When You Might be Ready to Invest in Real Estate

By | checklist | No Comments

Are you ready to invest in real estate? Nearly anyone can make money in real estate, but in actuality, very few do.  With nearly no exception, the high failure rate has little to do with your intelligence level.  No matter how smart you are (or are not) you need to be able and willing to work hard.  Being ABLE to work hard is NOT the same things as being WILLING to work hard, but you need both. According to US News, you also need to make sure you meet this checklist: Do you have financing in place? (Your own or via someone else) Are you ready and willing to learn… a lot? Have you researched your target market? Can you handle vacancies? (if you’ll be a landlord) Can you handle repairs to property you own? (if you’re buying and holding) Can you handle the rehabbing process? (if you buy a non-turnkey property) The adage of “invest in real estate because they’re not making it anymore” has enticed more than a few people to buy property. There is money to be made in this alternative asset – and for the unwary, money to be lost. That’s because real estate isn’t just…

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A Few Ways to Make Detroit Great Again

By | detroit, michigan | No Comments

Curious about ways to improve Detroit? Much has been made of Donald Trump’s slogan, “Make America Great Again.”  (or otherwise known as “MAGA”) Whether or not you like the President, it’s tough to argue that his election slogan caught onto the majority of the public.  (It definitely did not “slip through the cracks.”) As of late, Detroit has been getting increasingly better headlines, but if we’re being honest, it still has a long way to go.  It has lots of potential, which is good for investors.  However, it still has plenty of improvement to make, to say the least.  Honestly, that too, is good for investors. An article in the Detroit News made a few suggestions about things that would really build a better future for Detroit… a.k.a. Making Detroit Great Again (MDGA?). Here are a few of the ideas the author shared: 1. Find Ways to Get People to Move (back) into the City 2. Redevelop Vacant Land 3. Improve Existing Neighborhoods 4. Repair/Improve City Infrastructure 5. Use Tax Abatements to Attract New Businesses/Employers To learn more, you can read the entire article at https://www.detroitnews.com/story/opinion/2018/06/28/opinion-rethinking-city-planning-detroit/716114002/

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