If you have been following our blog you know that the supply of quality properties in Detroit has been really low for the last year. I predicted that supply would eventually come back up after the foreclosure moratorium ended and when the tax credit ended. Normally I would be correct but what I didn’t anticipate [...]

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This questions gets asked of me more than I care to count. Unfortunately whenever I mention the great investment opportunities for foreclosure real estate that we are doing in Detroit, I get the wince. For those of you that may not have seen it, I liken it to someone that just realized they have a [...]

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How many times have you heard that the best way to invest, whether it’s in the stock market or real estate, is to buy low and sell high? Now how many times have you actually followed that advice? If you’re like most people, I’m assuming that it’s something that sounds good in theory but when it comes to taking action, you suffer from analysis paralysis. I hear the excuses day in and day out when talking to other investors our would be investors on why they won’t be purchasing in our market right now.

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For those who don’t know or who happened to miss this Mondays Detroit Free Press, we made the front page! This was a pleasant surprise and we thought the article did justice to the city of Detroit and our business. They didn’t get the numbers exactly right but the spirit of the story was very positive. For those of you who missed it, click on the link below and read the full story. You will see the my cat, Athena, is now famous! Detroit Free Press Real Estate

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Well, here we are at the end of March and we are seeing opportunity increasing day by day. Asset managers are getting more and more foreclosures coming on their books in Detroit and Detroit foreclosure Realtors are getting more and more listings. Inventories are going up and if you remember back to high school economics class, as supply goes up, prices drop because of a lack of demand. Isn’t a lack of demand bad for us? Read on…

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