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Dan Gilbert makes $500M investment in Detroit

Housing Wire

Rocket Companies chairman Dan Gilbert is making another massive investment in Detroit. The billionaire mortgage mogul’s family foundation and Rocket’s community fund on Thursday announced a combined $500 million philanthropic investment in Detroit neighborhoods over the next decade.

Investing 369
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Investors bought one in six homes sold in Q2 2024: Redfin

Housing Wire

Although demand for rentals remains strong, rent prices have shown slow growth due to a bevy of new apartments hitting the market, creating competition for tenants. Condos and co-ops accounted for 19.4%, followed by townhouses (6.5%) and multifamily properties (4.7%). a year prior but still above pre-pandemic levels.

Investors 433
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Pros and cons of buying out-of-state rental property in 2022

Housing Wire

Not everyone can afford to invest in rental property in the area they live in. Whether cash buyers outbid you or you can’t get financing to cover the high costs, it puts a damper on your goal to add real estate investments to your portfolio. Reasons to Invest in Out-of-State Rental Property.

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Opinion: Many mission-based landlords are at a breaking point

Housing Wire

While renters clearly suffer most from the lack of affordable housing, the crisis has taken a toll on property owners too. The pandemic hangover, which has left many tenants straining to make rent, translates to lower rent collections, and in turn less cash flow, for owners. Rising operating costs add to the pressure.

Landlords 340
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Housing Hurdles for Older Homeowners 

Appraisal Buzz

Over 30% of the income of over 10 million senior tenants was spent on housing. Walkable Communities: To make every neighborhood more walkable, support initiatives like Complete Streets and make investments in infrastructure upgrades like crosswalks, sidewalks, and traffic-calming techniques. Only 36.5% 1688 / H.R.

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How To Find & Lease Commercial Space for Rent in 2022 [Full Guide]

The Robert Weiler Company

So, why not consider a commercial space for lease or even invest in commercial space for sale? Rent relates to a short-term agreement between the owner of the commercial property and the renter (or tenant – basically, the individual that pays a fee to use property owned by the other party).

Tenants 144
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In-House vs. 3rd-Party On-Site Property Managers: Which Is Best for Your CRE?

The Robert Weiler Company

No stranger to offering business-related sage advice, Benjamin Franklin was fond of reminding us all that “death and taxes” were the only two certainties in this world. While Franklin knew that death and taxes were guarantees, how those taxes are paid, and who’s managing the properties taxed is anything but certain.