Detroit property that meet a certain criteria in age and/or importance are eligible for tax credits that make investing in these properties even easier.
At the federal level, you can apply for a Federal Rehabilitation Tax Credit of up to 20 per cent of a restoration. If your property has not been certified, you can apply [...]
Archive of posts tagged property
Tax Credits for Historic Property in Detroit
Just because it’s foreclosed, doesn’t mean it’s unoccupied.
Freep has an interesting story about how one can still be in their home even when it’s being foreclosed.
For starters, you don’t have to move right away. And if you work out a payment arrangement with your lender, there’s still a chance you can stay in your home.
Helpful information for those in trouble. Good information [...]
Why You Need a Team for your Real Estate Business
I love reading things by wealth-builder Robert Kiyosaki. And one of the things he is ALWAYS advocating is building a team. Don’t try to do everything yourself. You can’t possibly be expert at everything. You can be knowledgeable – a preferred – then you hire someone who is expert to do the things they are [...]
Finding Million Dollar Foreclosures
In Detroit and Southern California, foreclosure opportunists are going after cheap homes in downtrodden neighborhoods, which are selling in the five-figure range.
But there are plenty of million dollar-plus homes out there, in good neighborhoods, which have fallen into foreclosure as the result of shoddy lending practices, speculative buyers and homeowners walking away from a negative [...]
Free foreclosure list – 11/01
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