Author: buyorsellyourhome

The housing situation in Detroit is raising eyebrows. Statistically, prospective homeowners are thrice more likely to have their loans denied in Detroit than anywhere else in the country. This rate is often attributed to appraised home values, i.e., the collateral, being deemed inadequate. To put things into further perspective, the city’s loan denial rate is double Michigan’s state average. This clearly indicates a concerning trend in Detroit’s housing market.

Before venturing into the realm of real estate investment, it’s crucial to understand the tax nuances associated with your strategy. Your reported profit should accurately reflect your rental income, as underdeclaration can lead to complications if you face a tax audit in the future.

After stepping away from the industry for a span of three years, Josh Team, who previously held a key executive position at Keller Williams, marks his return to the field.

Following stringent regulations imposed on short-term rentals in New York and the subsequent prohibition in multiple markets, the legalities surrounding these properties have become increasingly complex. However, we have formulated a trio of effective strategies that not only ensure legal propriety but also promise profitability.