The Oakland County area has an abundance of opportunities for existing businesses and new ventures.
When the going gets rough, the entrepreneurial spirit gets creative and resourceful.
The Oakland Press has gathered upcoming events, news and links to help business owners and professionals succeed.

Monday, May 7, 2012

Time might be right to invest in real estate

There are signs that the housing market is improving in the metro Detroit area. Some figures say sales have increased this year. While figures and statistics can vary, there are indications of improvement.
Metro Detroit home sales for December 2011 were up 5.8% from 2010, according to http://www.markzproperties.com/blog/market-update-in-metro-detroit.html.

Part of the increase in sales is due to investors who are buying up homes. There is money to be made, but the old adage prevails, "it takes money to make money." Having cash in hand, gives the buyer much more negotiating power.

The Real Estate Investors Association of Oakland is hosting CNN/Fox News real estate expert, Robert Shemin. He will will share “The 7 new rules for making your fortune in real estate in 2012,” 5:30 to 9 p.m. Thursday, May 10 at the Real Estate Investors meeting at Club Venetian, 29310 John R. Road, Madison Heights. Dinner is at 6:30 p.m.
The meeting cost is free to members plus $16 for dinner in advance. The meeting is $20 for nonmembers plus $18 for dinner.
Shemin will also present an all day workshop 9 a.m. to 4 p.m. Saturday, May 12 at Royal Oak Senior Center, 3500 Marais Ave. Royal Oak, with lunch, the cost is $29.

Robert Shemin is the New York Times bestselling author of “How come That Idiot’s Rich and I’m Not?“ Shemin says, “ Usually when you are in a market you can’t see an opportunity because you’ve seen how bad it is in many areas in metro Detroit. But group of outside investors are coming in and buying for cash-flow and long term appreciation. "
Shemin will discuss the current market conditions, go over advanced business strategies such as negotiating and effective time management as well as share how to get financing in today’s challenging market.
Shemin said, “A while ago Donald Trump told me that the government and the country won’t let Detroit go down. It seems he’s right and a lot of investors are right. Many areas have seen the fastest price and sales appreciation in the nation and a massive reduction of supply. It’s all about jobs and while the metro area is doing pretty well, certain areas also still have some of the best rent to price ratios in the country. Many areas have been and should be a good real estate bet. ”

For information or to make reservations, call 800-747-6742 or visit www.REIAofOakland.com.  For information about Shemin, visit www.robertshemin.com.

5 comments:

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    Malati

    ReplyDelete
  2. Hello,
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    Z1Bhubaneswar

    ReplyDelete
  3. As a residential Real Estate agent, I have a lot of fear that the recovery is not here yet. The reason for my skepticism is due to the fact that the interest rates are still too low to inspire banks to release their foreclosed upon properties. Once the interest rates start to rise, we will see a huge amount of properties hit the market, all at once, which will slow the recovery, if not end it all together.

    ReplyDelete
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