Inheriting a home with your siblings might sound simple at first — but once emotions, grief, and different opinions get involved, things can get complicated fast. What happens when one sibling is living in the house and refuses to sell? Or when everyone wants something different? If you’re stuck in this situation in Michigan, you’re not alone — and you’re not without options. When One Sibling Won’t Sell the Inherited House This is one of…
Are you searching for a company to buy your home? Are you concerned with finding a Legitimate Homebuying Company in Metro Detroit? It’s a common concern. I’ve put together this post to address the questions I get asked most often about how to weed out the folks you probably don’t want to work with. I hope it’s helpful. As you’ve been searching the web for a company to buy your home, you can’t help but to…
Losing a loved one is never easy, and dealing with the legal side of things afterward can feel overwhelming. That’s where probate court comes in—it ensures debts are paid and assets are properly distributed to the right people. While the process can be complicated, having a clear plan can help make things smoother and less stressful for everyone involved. Unfortunately, probate can be a major headache for grieving families, especially when there are a lot…
I read a great piece in Money Magazine a while back. It’s more about mindset than the market, but I found it to be highly relevant to what we’re doing in REI, so I wanted to pass along their analysis. The author stated that he gleaned his information from his 5-year study on the habits of 233 self-made millionaires. His two biggest takeaways were: He says that he’s identified more than 300 of what he…
“You will never find a more wretched hive of scum and villainy.” ~ Obi Wan Kenobi I’ll bet you thought that old Obi Wan was talking about Mos Eisley, right? Well, he wasn’t. It’s a little known fact that when he said that, he was actually referring to real estate investing in the City of Detroit. Shocking? You wouldn’t think so if you’ve been here. Not only have I been to Detroit, I live here.…
We had this old saying back in my investment banking days: “Don’t fight the tape.†It was a phrase that we used in finance that basically cautioned you not to bet or trade against the trend in the markets. It was a REALLY old saying because the term “tape” referred to the ticker tape machine that the old timers used to have on their desks to get stock prices delivered to them before AOL, E-Trade, and iPhones.…