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What Properties Should Be In Your Real Estate Portfolio?

When it comes to adding and acquiring properties to your collection of real estate in Detroit, how do you chose what makes the cut? Rental properties are currently the hottest option for many real estate investors in Detroit, but deciding where to invest in the city seems to be the biggest challenge that these professionals…

Upcoming Renovations To Detroit’s Brush Park

The demolition threats for Brewster-Wheeler Recreation Center have been ongoing and very present over the past several years. However, new hope and light has just shined into this iconic building, with discussion of a new restaurant, basement bar, and rooftop deck for the entire Brush Park community to enjoy. The Brewster-Wheeler Recreation Center holds many…

Buy In Detroit For Next To Nothing

The affordable homes that have been popping up in the Detroit auctions are nothing new to our followers with Own It Detroit, but new legislation passed by Mayor Mike Duggan has created even more potential for many of the abandoned homes across the city. Many of those who were purchasing homes in Detroit paid with…

Get The Most Revenue From Your Rental Property

There are countless ways you can maximize your profits from your rental properties. Have you thought of them all? Chances are, Own It Detroit has a few more suggestions up our sleeve that can help you put more money in your pocket! Let’s get creative and find a few more ways that you can increase…

The Beginners Guide To Rental Properties

Rental properties come in a variety of shapes and sizes, and the options for your next investment is truly endless. If you’re first starting out in the real estate business, and more specifically in with rental income, it can be a daunting task to start. What should you consider first? At Own It Detroit we’ve…

Maintenance Pitfalls And How To Avoid Them

Each home has its’ own set of headaches, but some are greater than others. When you’re looking to invest in a home either for rental purposes or to flip, make sure that you don’t fall victim to these huge maintenance problems. While we encourage you to find those diamonds in the rough that are lurking…

Determining If Your Market Will Remain Profitable

Often times, you’ll hear us talk about the term ‘yield’ as a way of determining how much of your investment you’ll be getting back on your purchased home. This is usually displayed as a percentage, and will often factor into if you buy the idolized home or not. Ideally, you will want a higher yield,…

What You Need To Know Before Buying A $500 Detroit Home

We know that a $500 starting auction price for the 65,000 Detroit homes that have been foreclosed on sounds incredibly enticing. At Own It Detroit, we want to encourage you to take risks and find amazing deals, but even $500 homes come with hidden costs. The home may come with residents Many of these foreclosed…