A 1031 like-kind exchange is a tax-deferral strategy that can be valuable for business owners who want to avoid steep tax bills when selling a property. This is common in commercial real estate transactions. How the 1031 exchange works A 1031 like-kind exchange...
Real Estate Law
What to consider when purchasing residential real estate to flip
Investing in residential real estate to flip can be a profitable venture in Michigan, but it requires careful planning and consideration. It can be beneficial to know some of the essential factors to keep in mind before making your investment. Assess the property’s...
3 reasons to consider investing in multifamily real estate
Investing wisely is a key aspect of building a robust and diversified portfolio. Multifamily real estate is an enticing option for astute investors. The multifamily sector, characterized by properties with multiple units such as apartment buildings or condominiums,...
How a commercial lease differs from a residential lease
The Michigan Business Network reported increases in commercial property vacancies for industrial and retail use were down in the first half of 2023 over the last half of 2022. Despite this downturn, commercial real estate can be a great investment. However, it is much...
Red flags to watch for when signing a commercial lease
Deciding to lease a commercial property in Michigan is a significant step for any business owner. It is an exciting venture that brings the promise of growth, expansion and new opportunities. Not every commercial lease you come across will be in your best interest,...
How to invest in real estate
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...
Tips for negotiating the purchase of commercial real estate
Commercial real estate purchases require Michigan buyers to be at the top of their game if they want to negotiate effectively. You need to feel strong to be strong. Here are some ways to prepare for the challenge. Talk to a lender In residential transactions, real...
Do this before investing in commercial property in Michigan
Becoming a property owner in Michigan is exciting no matter the type of property or your ownership goals. However, it's important to perform due diligence before you sign a contract, especially if you're investing in commercial real estate. What is due diligence? Few...
Handling mortgages during probate
Probate can be a confusing process when a Michigan resident dies and the estate's assets include a piece of Michigan real estate that is subject to a mortgage. Other types of debts need to be dealt with as well, both before the estate enters probate and while the...
An expert’s guide to purchasing commercial real estate
If you're a Michigan investor, you may want to consider expanding your portfolio by investing in property. Many investors earn an incredible living by buying commercial real estate. Before you begin the purchase process, it's good to know what to expect. Buying...