Brown Borkowski & Morrow

Free Consultation 888-757-1681

  • Home
  • Firm Overview
    • Why Hire Us?
    • Support Staff
  • Attorneys
    • Susan Leigh Brown
    • Thomas J. Borkowski, Jr.
    • Matthew N. Morrow
    • David James Eagles
    • Mary A. Mahoney
    • Sara Gorman Rajan
  • Practice Areas
    • Business & Corporate Law
    • Business Property Tax Appeals
    • Family Law
    • Estate Planning
    • Probate & Estate Administration
    • Trust Administration
    • Elder Law
    • Real Estate Law
    • Insurance Defense
  • Testimonials
  • Attorney Referrals
  • Resources
    • Articles
  • Blog
  • Contact Us
Brown Borkowski & Morrow
  • Home
  • Firm Overview
    • Why Hire Us?
  • Our Team
    • Attorneys
      • Susan Leigh Brown
      • Thomas J. Borkowski, Jr.
      • Matthew N. Morrow
      • David James Eagles
      • Mary A. Mahoney
      • Sara Gorman Rajan
    • Support Staff
  • Practice Areas
    • Business & Corporate Law
    • Business Property Tax Appeals
    • Family Law
    • Estate Planning
    • Probate & Estate Administration
    • Trust Administration
    • Elder Law
    • Real Estate Law
    • Insurance Defense
  • Attorney Referrals
  • Testimonials
  • Resources
    • Blog
    • Articles
  • Contact Us
  • X Close
Email
CALL

A GREAT LEGAL TEAM TO GUIDE YOU

How to invest in real estate

On Behalf of Brown Borkowski & Morrow | Jul 19, 2023 | Real Estate Law |

For individuals interested in investing in real estate, there are plenty of opportunities in Michigan. First, you’ll need to decide if you want to purchase residential or commercial property. After that, you build a support team. Finally, you make an offer once you’ve identified a suitable property.

Choose a property type

Residential investment property consists of one to four units; almost everything else is commercial, including large multifamily residences, office buildings, warehouses, retail stores, hotels, restaurants, medical offices, manufacturing plants and storage facilities. Pick something that fits your budget and interests.

Work with a specialist

Find a local real estate agent with experience in the type of property you’re interested in. This qualifying factor is essential in commercial real estate. For example, purchasing a duplex is not much more complicated than buying a single-family home, but an office building and a hotel have very different issues.

The same idea applies when choosing an attorney and a mortgage lender. Commercial real estate law differs from residential, and financing requirements depend on the property type. Select people with the appropriate experience to fit your needs.

Making an offer

Commercial sales and purchase contracts are often much more complicated than residential documents. Usually, more money is involved in a commercial transaction, so buyers and sellers are very cautious. Ensure that you read the offer before you sign.

If you intend to lease the property, your expected rental income will affect your offer price. Lenders do not loan money unless the anticipated rents comfortably cover expenses, including monthly mortgage amount, property tax and insurance.

Investing in your first real estate property is an exciting step toward creating wealth. Take your time, do it right and enjoy your new income stream.

Key commercial lease clauses Michigan business owners must know

On Behalf of Brown Borkowski & Morrow | Jun 6, 2025 | Real Estate Law

Leasing commercial space is an important step for your business. Before signing, make sure you fully understand what you are agreeing to. A commercial lease is a contract that can affect your establishment for years. The terms can increase costs, limit your options or...

No will? What parents should know about their children’s future

On Behalf of Brown Borkowski & Morrow | Jun 4, 2025 | Estate Planning

If something happens to you tomorrow, will your children be in good hands? Estate planning may sound like a lot of work, but more than anything, it is an act of love and responsibility. It is about protecting your children’s future, ensuring their best interests long...

Probate vs. non-probate assets: What is the difference?

On Behalf of Brown Borkowski & Morrow | Jun 2, 2025 | Estate Planning

When someone passes away in Michigan and there is no will in place, their representative settles their estate according to probate laws. An essential part of that process is understanding the difference between probate and non-probate assets. Knowing what does and...

What is Michigan’s law on tenant rights and eviction?

On Behalf of Brown Borkowski & Morrow | May 20, 2025 | Real Estate Law

If you're a tenant in Michigan, understanding your rights is essential. Tenant rights laws are designed to protect you from unfair treatment and ensure that landlords uphold their responsibilities. In Michigan, there are rules that govern the landlord-tenant...

What is a special needs trust?

On Behalf of Brown Borkowski & Morrow | May 16, 2025 | Estate Planning

A special needs trust helps ensure that your loved one with disabilities receives the support they need while protecting their eligibility for government benefits. These trusts are specifically designed to preserve access to programs like Medicaid or Supplemental...

How is business debt handled during a divorce?

On Behalf of Brown Borkowski & Morrow | Mar 21, 2025 | Family Law

Going through a divorce is challenging, especially when you own a business. Business debt can complicate the process, and understanding how you’ll handle it can make a difference in your settlement. If your business has debts, it’s important to know how those...

How can companies prevent IP theft in the digital world?

On Behalf of Brown Borkowski & Morrow | Mar 7, 2025 | Business & Corporate Law

Businesses use intellectual property (IP) to stay ahead of competitors. IP includes copyrights, trademarks, patents, and trade secrets. These protect creative work, brand names, inventions, and private business information. In today’s digital world, it is easier than...

How does the bundle of rights affect property ownership?

On Behalf of Brown Borkowski & Morrow | Feb 20, 2025 | Real Estate Law

Property ownership includes more than just having a physical structure or land. The "bundle of rights" is a legal concept that explains the different rights attached to real estate ownership. These rights allow owners to use, transfer, and control their property in...

How does Michigan law address parental relocation?

On Behalf of Brown Borkowski & Morrow | Feb 6, 2025 | Family Law

Parental relocation can be a challenging issue after a divorce or custody order. Michigan law has specific rules to ensure that moving does not negatively affect the child’s relationship with both parents. If you share custody and want to move, you must follow legal...

What should seniors know about Medicaid’s look-back period?

On Behalf of Brown Borkowski & Morrow | Jan 23, 2025 | Elder Law

Understanding Medicaid’s look-back period plays a critical role in planning for long-term care. This policy directly affects eligibility for financial assistance with nursing home expenses. Proper planning avoids costly mistakes and ensures access to necessary care....

« Older Entries

Recent Posts

  • Key commercial lease clauses Michigan business owners must know
  • No will? What parents should know about their children’s future
  • Probate vs. non-probate assets: What is the difference?
  • What is Michigan’s law on tenant rights and eviction?
  • What is a special needs trust?

Categories

RSS Feed

Subscribe To This Blog’s Feed

Contact Brown Borkowski & Morrow

Brown Borkowski & Morrow


Address

37887 W 12 Mile Road
Farmington Hills, MI 48331

Ph: 888-757-1681

Farmington Hills Law Office
Brown Borkowski & Morrow


Phone

248-987-4040
  • Follow
  • Follow
  • Follow
Review The Firm

© 2025 Brown Borkowski & Morrow • All Rights Reserved

Disclaimer | Site Map | Privacy Policy | Business Development Solutions by FindLaw

Review The Firm