Check out market updates
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…
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…
We know that everyone has a different set of priorities when it comes to looking at a new home to rent, buy, or lease. The list of their wants and needs may vary, and certain qualities may be ranked higher than others. Concepts such as location and size will all vary from tenant to tenant,…
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…
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…
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,…
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…
Did you recently purchase a Detroit home and are looking to renovate? If you’re not sure where to start, we have a short list of guaranteed return on investment deals, which are fairly easy and minimal renovations for your property. Remodeling Magazine recently published their list of the top 5 things that will improve the…
Whether you’re a dedicated sports fan or a casual spectator, everyone in Detroit is well aware of the madness that is Opening Day. This year, the Detroit Tigers swept the field with a great win to start off their season and our volatile Michigan weather held up! As this baseball season kicks into full gear,…
The first five steps we went over are personal areas that you can gather and accumulate quickly. However, if you’re looking to purchase your first property, chances are you will need a loan. Review these steps to help get your paperwork and finances in order to successful navigate through a home loan process. Prove history…