19 April 2025 | 2 replies
From mom-and-pop shops to multi-million dollar family empires, partnering with loved ones can be a dream come true—or a slow-motion train wreck.
19 April 2025 | 10 replies
Too many investors get scammed into buying the wrong properties in the wrong Neighborhoods:(That's why we're working to list and rank all of Detroit's 183 Neighborhoods on our website.
19 April 2025 | 5 replies
As you're out driving neighborhoods, start your own prospecting for other FSBOs or duplexes that might be for sale in the area, for example some may have a vacant side.
21 April 2025 | 15 replies
Sometimes even neighborhoods can vary street by street, so there's always a lot to learn!
21 April 2025 | 18 replies
So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.
20 April 2025 | 41 replies
Hire a builder and now your cost is $350/SF for the same product.7,000 SF lots in these neighborhoods run anywhere from $600k-$800k meaning you're all into the deal for ~$1.7M not including holding costs, staging, commissions on resale, etc.This all means you need to build in a neighborhood that can support a minimum of $650/SF resale.It's possible but it is extremely competitive, and extremely risky.
18 April 2025 | 0 replies
As of publishing there are roughly 1150 single family listings with a healthy 300 or so pending as we enter into peak shopping season.
19 April 2025 | 7 replies
So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.
15 April 2025 | 1 reply
these are the 10ish neighborhoods in detroit where developers are building new housing stock.30+ new build sales in last 12 months: half sold for $227-300 per sqft. half sold for $301-418 per sqft.
18 April 2025 | 1 reply
You will likely be underwater from day one because the natural buyer is unlikely to pay retail when you sell and customarily the section 8 turn key providers are not seeking out neighborhoods with strong fundamentals that suggest meaningful appreciation will occur.