All Forum Posts by: Isaac A.

Sam or any one.  I currently own a property in the City of Detroit and would like to transfer it to a land trust. What  are the steps that I need to take?

Thanks

Mark

I plan to buy and lease property in Michigan with a few of my friends.  I have recently heard about purchasing and leasing property using a land trust.  Has anyone successfully used this in Michigan?

Hi everyone,

Thanks for all the questions here. I will be composing a comprehensive FAQ using this information that I will be sharing with the community. The responses necessitate much more than a pithy few sentences to answer.

Detroit is a very hot market right now if you know where to look. as @Wendy Patton says, you have to know where to invest. Good to have boots on the ground in and around the city. 

I'm looking at the Bagley neighborhood of Detroit, lots of big brick duplex's under $100k right near upcoming developments, plus it is a stone's throw away from Ferndale / Royal Oak. 

Would love to keep in contact with anyone interested in the area!

theres deals out there. I just bought a 3br/1.5 ba sfh for $117k it appraised at $126k. We put maybe 6k in improvements and rented it out the first day for $1300/mo.  I will net over $500/mo.

Yeah it has been crazy as of late. Redford and Dearborn Heights are crazy hot and too expensive. 

I am thinking Oak park, Berkeley/Beverly hills and i am not sure where else.