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2 March 2024 | 17 replies
@Jin Mook Choi We challenge anyone here in this post to supply as much info about the Cleveland or Columbus market as we post about Detroit below:$2.5B New Center by Henry Ford Health, Pistons owner and Michigan State Universityhttps://www.clickondetroit.com/news/local/2023/02/08/incredible-investment-in-our-city-25b-detroit-neighborhood-redevelopment-to-begin-in-2024/$1.5B Investment, 12,000 temp jobs, 6,000 New Jobs: District Detroit Developmenthttps://www.detroitnews.com/story/business/2022/11/15/district-detroit-1-5b-development-to-include-housing-retail-hotels/69649853007/$1.4B Total as Hotel Added to Hudson Sitehttps://www.detroitnews.com/story/business/2023/11/02/hudsons-site-hotel-plans-move-ahead-as-city-issues-permit/71426631007/$439M Gilbert Foundation investment in Detroithttps://www.henryfordmsu.org/news/september-2023/gilbert-family-foundation-announces-nick-gilbert-neurofibromatosis-research-institute$400M Investment, 517 New Jobs: Norway’s Nel Hydronhttps://businessfacilities.com/nel-hydrogen-will-build-400m-gigafactory-in-southeast-michigan#:~:text=In%20Southeast%20Michigan-,Nel%20Hydrogen%20Will%20Build%20%24400M%20Gigafactory%20In%20Southeast%20Michigan,green%20hydrogen%20using%20electrolyzer%20technology.$300M Huntington Place Renovations & New Detroit Hotel https://www.crainsdetroit.com/real-estate/huntington-place-renovations-new-hotel-deal-reached$200M Chase Investment in Detroithttps://www.axios.com/2023/09/28/detroit-rebound-jp-morgan-investment$44M Investment, 237 New Jobs: Bollinger Motorshttps://michauto.org/bollinger-motors-plans-44m-metro-detroit-investment/$21.5M Investment for Detroit west side Dexter Neighborhoodhttps://www.clickondetroit.com/news/local/2023/11/01/neighborhood-on-detroits-west-side-receives-more-than-215m-in-investments/$20.6M Investment, 186 New Jobs: BorgWarnerhttps://www.crainsdetroit.com/auto-suppliers/borgwarner-invest-206-million-create-186-jobs$11M, 200 New Jobs: Volkswagen Scout Brand Investment in Detroithttps://www.teslarati.com/volkswagen-scout-11-million-detroit-investment/New Detroit Developments to Be Excited Abouthttps://www.metrotimes.com/detroit/15-new-detroit-developments-to-be-excited-about-photos/Slideshow/32734721/327353923International Companies Choose Detroithttps://www.detroitregionalpartnership.com/international-investment-comes-to-detroit-region/6 New Residential Developments in Detroithttps://detroitisit.com/6-new-residential-developments-in-detroit-to-know-about/PM us if you want to know more:)
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1 March 2024 | 0 replies
Home is rather large, in a corner lot and with an RV gate.
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2 March 2024 | 9 replies
My 2nd and 3rd investments were large properties on Ocean Blvd that I bought using 1031 monies for STR under great local management.
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1 March 2024 | 0 replies
Home is rather large, in a corner lot and with an RV gate.
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2 March 2024 | 7 replies
The advantage to a 3/2 or smaller is that it will appeal to a lot of midterm rental demographics (remote workers, divorces, people building new properties, etc.) and the American family is shrinking (fewer and fewer people need a large home), so if you want to stay rented in the midterm space, a 3/2 or smaller is best.However, appreciation is a different conversation for a different day....
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1 March 2024 | 2 replies
This is a house that has additional square ft added on, so they listed that as the reason for marking the question as positive, as new foundation and support was added for the additional sqft.My question is: Is it a standard practice to check this box as "yes" in the disclosure when additional square feet has been added on to the property?
1 March 2024 | 5 replies
You'll find some here that say yes, and others, no....It depends on large your operation is and how well you are insured otherwise.
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1 March 2024 | 6 replies
Local Trends: Watch for changes in the area like major employment shifts and construction projects.Ghost Ads: Post fake ads before purchasing a community and gauge your activity.
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1 March 2024 | 7 replies
The level of risk you face with a lease option depends in large part to the type of lease option you are doing.
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1 March 2024 | 1 reply
I like the construction aspect of flipping and large lump sums at the end.