Developers and dignitaries symbolically broke ground Friday on a new $50 million upscale hotel in Detroit’s Central Business District. The six-story, 158-room Cambria Hotel is expected to open in the third quarter of next year along with accompanying shops and restaurants, according to a news release.
Single-family rental properties have proven to be a financially rewarding investment, but not if the investor chooses the wrong market, or the wrong neighborhood, the wrong property, or the wrong real estate investment firm. In this comprehensive guide, we’ll take you step by step through the process of smart-selecting a cash flow investment property. 1.
You’ve probably heard that real estate can be a lucrative investment; however, you might be afraid that there’s too much risk or too much work. In the newest guide from Pioneer Homes, we provide all the facts you need to know, and debunk the myths that might be holding you back: I don’t have enough
This is not a get-rich-quick scam. Ask millionaire entrepreneur and author Robert Kiyosaki: Real estate investing is a tried and true practice. And a lot of money can be generated — if you do your research and align yourself with trustworthy professionals. Why Real Estate is the Smartest Small Business Idea (and the Best Way to
Want to diversify your portfolio? Looking to hedge the next equity bear market? “The industry sectors and the S&P 500 index show a nearly 90% correlation when we look out five years. However, real estate stands uncorrelated from the pack.” In all the U.S. equity bear markets of the past 60 years, the only asset
The Financial Times recently reported that the “U.S. is building toward a pension crisis,” noting that nearly 50% of working-age households have no retirement savings at all. Experts from Grant Cardone to Tony Robbins, and from Forbes to the Wall Street Journal, have called your 401(k) retirement account a scam. But, YOU HAVE OPTIONS. Instead
The ‘garden in the city’ is not a mere trend, and more than a mechanism for city dwellers to make meals with local products (like they do in ‘the country’); urban agriculture is a proven strategy for community building and business development, with great potential for profit — and Detroit is leading the way. The Michigan
One week ago, we sparked debate on Reddit (and elsewhere) with our blog post ‘Don’t listen to Warren Buffett.’ We were talking about the iconic investor’s public views on portfolio diversification. He’s spoken out against it, many times; in contrast, we believe that it’s the best protection from the proven volatility of the financial markets.
“Diversification is protection against ignorance,” said billionaire investor Warren Buffett, famously. “It makes little sense if you know what you are doing.” Well, that’s easy for him to say. Buffett attended the iconic Wharton School (of business) at the University of Pennsylvania at age 17 and by 19 had already graduated with a Bachelor of
U.S. News & World Report‘s 2017 ‘100 Best Places to Live in the USA’ rankings are out, and Detroit ranks 89th. Not bad, right? Wrong. This doesn’t mean Detroit is the 89th best place to live in the whole United States, it means Detroit is one spot off the top 10 WORST places to live