If an older building has become physically obsolete (i.e., the space is poorly laid out for contemporary purposes), it will devalue the building’s worth. If that building is laid out perfectly for your business and you plan on keeping the building forever, that is excellent.
The perfect example of this is ... Read More
“Exclusively Representing Tenants and Buyers of Commercial Real Estate”
07
May2019
This is a very special place called Soul Studio. Not only is the space beautiful, but they also do beautiful work here. This building is owned by Friendship Circle, which is a non-profit that helps children and adults with disabilities. This building houses a café, a beautiful banquet hall, and ... Read More
May 7, 2019Lynn Drake
25
Apr2019
Before you go out and start looking at buildings, contact your local bank and schedule an appointment with the branch manager. Ask them to review your firm’s financials and tell you how much of a mortgage you can afford. Some bank managers aren’t able to do this, so try the ... Read More
April 25, 2019Lynn Drake
16
Apr2019
Even though the earthquake was in 2011, the city hasn’t been able to rebuild everything. The following photos show how the city is trying to keep the buildings intact until they can get the money and construction workers required to repair these buildings.
April 16, 2019Lynn Drake
11
Apr2019
Occasionally, someone will sell their building on a land contract. This mean the buyer puts down an agreed upon amount and then the owner finances the loan based upon an agreed number of years, amortization schedule, and interest rate. Usually, these loans are for 5 to 7 years, and any ... Read More
April 11, 2019Lynn Drake
03
Apr2019
This new area to walk along the river is a beautiful area for everyone in Detroit.
April 3, 2019Lynn Drake
26
Mar2019
After the earthquake in Christchurch, the city didn’t want anyone entering any of the buildings until they could inspect each one of them. However, retailers obviously didn’t want to wait months or years to open their shops, so someone came up with the idea to build shops out of containers. ... Read More
March 26, 2019Lynn Drake
22
Mar2019
A Mortgage Broker or a Banker will offer different types of financing. The fees are also different, so ask friends or your team members who to use. Before you even think about putting out an offer on any property, get an estimate on all the costs the lender will expect ... Read More
March 22, 2019Lynn Drake