Buy low, sell high: it’s the number-one rule of smart investing. But we set our own trends in Detroit — and we argue that NOW is the time to buy cash flow real estate here. Home values grew faster in Detroit than any other U.S. city between 2010 and 2015, outpacing the national average by
If you’ve been researching real estate investing, you’ve probably seen these two stats: Since 1776, real estate has accounted for 70% to 90% of all the millionaires in the United States. Since 1776, real estate has doubled in value every 20 years. Not bad reasons to consider investing. But did you know that, unlike many
When Detroit was dark, I was there. When the City declared bankruptcy, I was there. I was born and raised in Macomb, a suburb of the D, and I’d been witnessing the decline firsthand for years… And then came Mike Duggan. He mounted a write-in campaign, and won, on the slogan “Every neighborhood has a
With the popularity of TV shows like Flip or Flop, House Hunters, Million Dollar Listing and Property Brothers turning every bored grandma and recent college grad into a budding house flipper, it’s more important than ever to share our knowledge on what works, and what doesn’t. In this report, we’ll tell you what you should fix — and
Our recent report What to Fix When Flipping inspired some questions from the real estate investing community, specifically regarding how the IRS taxes house flippers. In this follow-up guide, we’ll provide the top six tax considerations for anyone thinking of getting into the house-flipping business… And, as a bonus, we’ll share some tricks for flipping houses
The Detroit Regional Chamber has released its fourth-annual State of the Region report, which provides an economic, educational, social and civic overview of the 11-county region, along with comparisons against peer and national benchmarks. “This past year was a year of tremendous growth. The renaissance in Detroit — and the region — is private sector led, technology focused
To close out 2017, we took a look back at all our most viewed and shared custom research (blog) content, as well as the most noteworthy news items on the site, and compiled our list of the Top 10 Real Estate Highlights of 2017. As a bonus, we also revealed our top three most popular
In 2017, we had our most successful year yet, facilitating millions of dollars in investments in Detroit cash flow rental properties. We’ve never been more bullish on our City. (Realtor.com, CNBC, Business Insider, HomeUnion, TheStreet, Mashvisor and FORBES have all recently listed The D as one of the 10 best cities for real estate investing.)
According to the Forbes Real Estate Council, yes, Detroit is an American hub for real estate investing. On October 26, 10 members of the Council “shared[d] their insider secrets” on “unconventional signs that a region or city is about to become a great place to invest in real estate” — and all signs point to The
What is Section 1031? Whenever you have a gain on the sale of a real estate investment property, you generally have to pay tax on the gain at the time of the sale. However, IRC Section 1031 provides an exemption and allows you to postpone paying tax on the gain if you reinvest the proceeds