Make no mistake about it, investing in foreclosed properties in Detroit now can be very profitable. On the other hand, especially for the new investor, the pitfalls can be daunting. What's an investor to do? Get a guide. Someone who has been there, done that. Do you think a lifelong Detroiter can help you miss some of the potholes? You bet your boots! How about 20 years experience as a real estate broker? Check. Been there, done that.
Tip Numero Uno. Work with an experienced real estate professional who specializes in foreclosed properties. A good real estate agent can be helpful and guide you in unfamiliar territory. Never dealt with the civil servants at the Building & Safety Engineering Department? Not to fear, I have that covered. Don't know a lis pendens from a lien? I work with professionals at the title company to give you a plain English description of what you need to know to ace your next real estate deal. Come on in, the water's fine. Jan W Bond - Associate Broker, Bond Realty LLC.313-510-6713,janwbond@bondrealty.net http://bondrealty.com
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