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Updated almost 4 years ago on . Most recent reply

Tylor Christian-Allen's profile image
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Tylor Christian-Allen
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Detroit Real Estate Forum

Anyone rehabbed and flipped a Detroit Land Bank home?

Tylor Christian-Allen
Posted

Hello, I recently purchased a home through the DLBA in the Dexter/Grand Blvd area. I have too many projects going on at this time and haven’t decided if I want to flip the property or just transfer my interest because DLBA only give 6 months. Any ideas on what I should do? 

Detroit, Michigan
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Yoann Dorat
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  • from Boca Raton FL
  • Member since Aug 9, 2017
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Yoann Dorat
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  • from Boca Raton FL
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Yoann Dorat
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  • Boca Raton FL
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Yoann Dorat
  • Investor
  • Boca Raton FL
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@Tylor Christian-Allen I don’t think DLBA will allow you to assign your contract or flip the property as-is, you signed a development agreement right? They’ll probably just take the property back if you don’t perform.

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