All Forum Posts by: Account Closed

Major reason's to invest in Detroit are as follows 1. An entity with ties to Carlos Slim Helú, the Mexican business mogul with a net worth Forbes magazine pegs as $77.1 billion, has purchased a downtown Detroit office building. Real estate brokers are watching the deal closely and speculating that the purchase marks the beginning of an effort by Helú to scoop up other Detroit properties. The 164,000-square-foot Marquette Building at West Congress Street and Washington Boulevard was sold to 243 Congress LLC, which is linked to Helú, late last year for $5.8 million. December's purchase, documented in county records, of the 115-year-old vacant office building gives Helú an entry to a Detroit real estate landscape dominated by another billionaire, Dan Gilbert. 2. Once considered to be among downtown's most endangered buildings, the Metropolitan Building's escape from the wrecking ball just got a lot more real. The Downtown Development Authority (DDA) just green-lighted a plan to rehab the building into 71 market rate apartments, reports the Freep, with retail planned for the first two floors. It's the plan hinted at last summer, when a "potential developer" sunk $300K into stabilizing the brick-dropping facade. 3. the new home of the Detroit Red Wings is expected to be built and open in time for the team's 2017 season opener. It only gets better from here people. With all the new money and attractions developing, people will be relocating and in 5 years it will be to late. If you need advice on this market let me help you.

Thanks for the information. I do understand what Wayne Brooks means by double close and yes laws vary state to state when it comes to wholesalers. Ben Leybovich

Licensed Realtor here, I can help you with property search, market analysis, introduction to multiple investors.

I'm in the Detroit Market, let's work, I'd like to move those properties for you

I have some partners in San Diego, if you want more info let me know.

Does anyone have any feedback on Res.net? Has it been useful? Likes, dislikes?

That has to be untrue Ben, what do you call a wholesaler? And rules for residential and commercial RE differ.

I am simply facilitating the deal outside of the market I am licensed in. So I found an investor willing to purchase the property for the buyer. Can I charge whatever I want? What is the standard commission on commercial deals?

How do you determine finders fees and/or commission on commercial deals??

That's true but you want to keep in mind ROI. It depends how much you can invest