Detroit Land Bank: The Good, Bad and Ugly (What you need to know)

Buying from the Detroit Land Bank: The Good, The Bad and The Ugly. In this video I will tell you all a little about my experiences with the DLBA. I've had many issues but in the end it's all worked out. Take a look to prepare for situations you might run into.

[Clinisha]

Thanks for Sharing Calvin, I'm coming down next week to start looking and make a decision, tired of sitting on the bench, and also thanks for the encouragement.

[tonyma]

Thank you for your information, it time for me to get out of renting, I wish I could have done this a long time ago.

[CounselorMalcolm]

I am late to your video
Yet I want to do the land bank to buy my first house
After the closing how long do they they tell you to fix the house up and what is the average cost to fix a Detroit land bank home in Detroit?

[theword]

Do you also happen to fix up other buyer's houses? And if i wanted to buy in Detroit, what would be a decent neighborhood on the land bank to look at? My main concerns are safety and affordidiblity of renovation b/c I dont have alot of money for repiars....

[sonyatheoneyouseek]

Wow, they had that mix up four times? That sounds like a headache but you pushed through so congrats.

[raisingmama]

Do you know anyone who can jack up a home? Just purchased a land bank home and foundation needs to be replaced…

[deoneaston]

Hey my brother I watch a lot of your videos. The new year is coming. Is there going to be any changes in the DETROIT land bank $1000 system for 2023?

[shericebsperspective]

Can you buy while having federal debt? This is a real great idea!!! 🤯 I can't even believe this!!! This video needs more views but people busy worried about politics and the media!!! I'm in the wholesaling real estate game right now but this has definitely got to be apart of my empire!!! 💯

[robertbirch]

So can you even get insurance on these houses in the hood ? If so how much would that cost ?

[JR-gpfn]

Thanks for the video fam. Two Quick questions: Are Land Banks legally able to confiscate the property for any reason even after you've renovated the property in the right time frame ?


Also, can Land Bank Properties be passed down to your kids ?

Thanks in advance

[loyalkanelli]

I just purchased my first land bank properties it was actually a bundle because it came with a Lot Next to it 💪🏿 I’m anxiously nervous and excited at the same time and I can admit I have no idea what I’m getting into 😅 but watching YOUR 🫵🏾 videos motivated me to take this step

[janellatrese]

If someone owed sales or sales use tax to the state of MI would they not qualify or is it specific to owing money in the Detroit district. New Subbie here.

[dannialkhan]

Appreciate the honesty and you inspire me it's scary to buy any property but soon surely I'm going to jump into it and take the risk

[RexiRexx]

I used to work in insurance, and I can confirm working with financing and mortgage departments of banks are the worst. They lose info, ask for the same things multiple times. And some times they don’t even know what documents they need

[sonyatheoneyouseek]

How do you find quality plumbers, electricians and such?

[ddanutube]

Hey Calvin!
Just wanted to know if you know anything about Dlba reconvening your property. Is there anything I canso to stop that from happening?

[caribbeangirltv]

Blessings my brother how can you get funding

[Samosaqueen]

Hey! I am from the metro detroit area and would love some mentoring on how to get started. Do you mind if I reach out to you for questions? Thanks for this video!

[brebreshana]

Is land bank the same as buying a tax property home? Bc brain is just not grasping it. Tax delinquent comes with having to wait 1yr in some states. But I heard land banks can be free and clear? Anyone with a better understanding can hell explain this to me

[deandremattison]

great info... But why don't they allow you to see what other bidders are bidding?