Gary L. Smith, from the firm Marcus and Millichap-Real Estate Investment Services tells Fox 2's Murray Feldman that now is the time for property owners in Detroit to take advantage of new developments happening in the city.
There a many land deal projects taking place in Detroit, from mass projects from the likes of developers like Mike Ilitch and Dan Gilbert to smaller projects led by entrepreneurs and venture capitalists.
If the development involves your property, consider leasing versus selling. Why? It creates a steady stream of income and you still own the property.
You can always sell it. This tip alone is vital.
Play the video to get more insight on how to make the most of your property when developers move in for a project.