Category: Commercial Real Estate

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

02

Apr2019

Meet the Landlords: Dick

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Next up is Dick. Of course, when you come to meet him before moving in, he is all smiles. Prospects think he is a dream landlord because he always tells you what you want to hear. Little, if anything, is put in writing before the lease is drawn up. He ... Read More
April 2, 2019Lynn Drake

29

Mar2019
Atwater Beach is another piece in the 5 year plan for Detroit.
March 29, 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

19

Mar2019
Attorneys are like real estate agents in that some dabble in commercial real estate, while for others it is their primary business. Go with the latter, and you will be happier with the end result. Try and stay away from generalists when hiring an attorney. Ask them what types of ... Read More
March 19, 2019Lynn Drake

15

Mar2019
Detroit got rid of the mounds of dirt and created a state park that looks better than ever! Compare these before and after photos of Milliken State Park.
March 15, 2019Lynn Drake

14

Mar2019
Here is the ultimate luxury item for your office building. It is a sleep pod. As an employer, I’m not sure if I would like these in my building or not. What do you think?
March 14, 2019Lynn Drake

12

Mar2019
This is a common question. Listing agents generally enter into an agreement with the building owner. The commission the seller is willing to pay is outlined in that agreement. The percentage of commission can be based on a number of factors. Usually the listing agent and the buyer agent split ... Read More
March 12, 2019Lynn Drake