Real Estate

Because I continue to be so bullish on real estate in metro Detroit, I’m constantly talking to people about buying rental properties here. Day in and day out, all kinds of people in all walks of life with all different backgrounds.   I have to say that the most common reaction that I hear is […]

Unbelievable. AGAIN.   I kept hearing how this commercial property stuff was different. But it seems like every time I turn around it’s gets more and more bizarre.   As you have read in some of my prior posts, I’ve been pursuing my first apartment building since the beginning of April. The seller has been […]

I was out in Southern California visiting my “little” sister for her 40th birthday two weekends ago, and as usual after a few cocktails out on the patio, the conversation amongst us siblings devolved into quoting lines from our favorite movies. (This is a source of constant bemusement bordering on irritation for our spouses, who […]

I’m confused. I really am.   I’ve been getting a rash of grief lately from the Chicken Little crowd here over my bullishness about buying suburban rental homes here in Metro Detroit.   They’re running up and down the street like little girls with their dresses up over their heads screaming “The Sky is Falling. […]

Commercial lenders are suffering in this economy as well – just not as publicly it appears. Last month one of the most prolific Hard Money Lenders on the Commercial Real Estate side of the house killed himself. A Hard Money Lender lends money to real estate investors for very short time frames at astronomically high […]

Yep. After all the drama. All the back and forth. All the ups and downs. My first apartment deal is DEAD. Call it doctor: time of death Thursday July 10, 5pm eastern. The cause of death is what’s ridiculous. Again, to recap (please indulge me if you’ve seen this before) Mr Seller and I agreed to […]