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…
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…
“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. The…
I get this question asked to me a lot. “Why would I invest in Real Estate, why wouldn’t I just leave my money in the Stock Market.†I see a lot of these financial papers or financial write ups that show financial comparison of a stock performance or of a stock index performance as it relates to Real Estate or Real Estate indexes as well. One of the things they show is just an increase line.…
I saw a piece in Yahoo News about this and I wanted to pass it along. I get at least a couple of calls every month from out of state folks asking about these. The article does a good job in explaining just why a $500 house isn’t the bargain that people think it is. Here it is… Tempted by Detroit’s $500 Properties? 5 Things to Know By Beth j. Harpaz, Associated Press - March 11, 2015…