real estate investment – Page 5 – Purpose Driven General Counsel

Michigan Entrepreneurs and Start-ups: House Resolution Supports Crowdfunding for Start-up Businesses

On March 3, Representative Tom Barrett introduced House resolution 235 (HR 235). Today HR 235 was on the agenda for the Commerce and Trade Committee Meeting. HR 235 is a “resolution to support the United States Securities and Exchange Commission’s recent adoption of rules pursuant to Title III of the JOBS Act which are designed to facilitate small and start-upContinue reading “Michigan Entrepreneurs and Start-ups: House Resolution Supports Crowdfunding for Start-up Businesses”

News of Sham Real Estate Companies’ “Bad Acts” a Lesson for Real Estate Investment Companies.

Today the ABAJournal reported the following article: “Deed thieves use sham companies to hide their identities” According to the ABAJournal: “Fraudsters are using sham limited liability companies that shield their identities in order to obtain properties without the knowledge or full understanding of the owners.” Further, “Some fraudsters search legal notices for delinquent mortgages andContinue reading “News of Sham Real Estate Companies’ “Bad Acts” a Lesson for Real Estate Investment Companies.”

Real Estate Investors: A Discussion on Laches

If you aren’t into real estate investment in Grand Rapids – maybe you should be. According to an MLIVE article posted last week, Grand Rapids has one of the hottest real estate markets in the country. As reported by MLIVE: “For landlords and real estate investors, Grand Rapids is the second best rental market in the Midwest andContinue reading “Real Estate Investors: A Discussion on Laches”

Recent Case Law: Lesson to Real Estate Investors

I represent a number of real estate investors, some of whom purchase and rehab distressed properties – before, at, or after a foreclosure sale has taken place. Distressed properties are suited for entrepreneurs – they are “high risk, high reward” investments. An investor can get a great deal at these sales. However, these sales are inherent withContinue reading “Recent Case Law: Lesson to Real Estate Investors”

Michigan Startups: Funding through Crowdfunding

I read an article this morning on MIBiz Filling the Funding Gap: More capital required to meet $1.3 billion need from existing Michigan companies Recognizing this gap in funding, John Kerschen, managing partner of Charter Capital Partners said this: “Institutional investors have been reluctant to put money into the small, first-time funds in Michigan thatContinue reading “Michigan Startups: Funding through Crowdfunding”

Michigan Real Estate Law Update: Landlords May Send Eviction Notice by E-mail

Happy Friday! I’ve previously posted on the Michigan Bill introduced in the House that would allow Landlords to send Tenants eviction notices by E-mail – check out that article here Yesterday, the Governor signed the Bill into Law. The Story was reported by the Midland Daily News The Law allows service via e-mail based uponContinue reading “Michigan Real Estate Law Update: Landlords May Send Eviction Notice by E-mail”

Social Entrepreneurs and Small Businesses – Update on Intrastate Crowdfunding

A recent Detroit Free Press article highlights the success of Tecumseh Brewing Co, the first business in Michigan to utilize Michigan’s intrastate crowdfunding exemption to securities registration, commonly referred to as the MILE Act. Crowdfunding: Potential for Start-up Businesses. As the Free Press article explains, The story of Tecumseh Brewing Co highlights why equity crowdfunding isContinue reading “Social Entrepreneurs and Small Businesses – Update on Intrastate Crowdfunding”

New Michigan Bill: Investment Property Owners Should Keep Track of this “Bed Bug Bill”

Last Thursday a class action case against a Real Estate Owner reached a settlement involving payment of over $2 Million to 100 tenants – ABAJournal reports that story here One of the primary complaints was that “the 26-unit building had a massive cockroach infestation.” Infestations are an issue for every property manager or owner ofContinue reading “New Michigan Bill: Investment Property Owners Should Keep Track of this “Bed Bug Bill””

Michigan Business Update for Social Entrepreneurs and Business Owners

Happy Monday, all! A quick update – I recently posted on social entrepreneurship and crowdfunding in Michigan. Check that post here. By way of update, Today, the Michigan Economic Development Corporation (MEDC) posted a press release about a crowdfunding campaign launched by a Ypsilanti non-profit – “Cultivate Coffee and Tap House.” As I’ve mentioned in aContinue reading “Michigan Business Update for Social Entrepreneurs and Business Owners”