Which Way is Detroit?

By Herbert Strather

Which Way is Detroit? by Herbert J. Strather

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• Language: English
• Publisher: Page Publishing, Inc.
• Release date: Apr 5, 2020
• ISBN: 9781644247969

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Which Way is Detroit?

Herbert J. Strather

Copyright © 2020 Herb Strather

All rights reserved

First Edition

PAGE PUBLISHING, INC.

Conneaut Lake, PA

First originally published by Page Publishing 2020

All rights reserved. This book or any portion thereof may not be reproduced or used in any manner whatsoever without the express or written permission of the author.

ISBN 978-1-64424-795-2 (pbk)

ISBN 978-1-64424-797-6 (hc)

ISBN 978-1-64424-796-9 (digital)

Printed in the United States of America

Table of Contents

The Questions You Should Ask Right Now…

Hyper Growth Areas Versus The Neighborhoods

Investing In Neighborhood Commercial Development

Investing in Single Family Homes (1-4 units)

What are the Financing Alternatives in Detroit?

Buying Through Auctions

Mistakes

Detroit Zip Codes ~ Hot Or Not

The Detroit CDFI Coalition

References

The Detroit CDFI Coalition

Urban Management Companies

Urban Real Estate Brokers

Detroit Real Estate Lawyers

Mortgage Brokers

Real Estate Lawyers

Service Providers

Title Companies

Construction Companies

Herbert J. Strather

Developing A New Generation of Real Estate Entrepreneurs

Herbert J. Strather the man with the knowledge and vision of Urban Real Estate has done it again, in this comprehensive guide to the most opportunistic real estate market in the country. "Which Way Is Detroit" gives anyone interested in taking advantage of the opportunities to pin point areas that are the most bang for their buck along with financing tools available in only Detroit.

Which Way is Detroit could only be written by a dedicated born and raised Detroiter who has taken on the responsibility to give back to his community by educating and developing the next generation of real estate entrepreneurs. Herbert J. Strather is that person.

Strather, started at the early age of eighteen when he landed his first real estate agent job with the successful Detroit Bowers Realty Company. Within one year’s time, he became the top sales agent at Bowers and regionally. In 1974, after learning real estate appraisals and income property brokerage, he formed Strather & Associates, Inc. He began to make his mark in the real estate world by arranging complex multi-dwelling unit transactions around the city.

Over the years—Strather has teamed up with a multitude of influential partners. One such partner was former University of Michigan Regent, Nellie Varner. Together they formed Strather & Varner, which closed more than $250 million in real estate transactions from 1977-1990.

Since the 90’s, Strather & Associates, Inc. has been responsible for more than $2 billion in real estate transactions throughout the Detroit Metropolitan area. In 2004 "Woodbridge Estates", a 47-acre residential community, consisting of single-family townhouses and condominiums, opened to the public.

A joint venture housing development, funded by Strather Trust and the Slavik Co. of Farmington Hills, a sparkling example of Strather’s determination and pride. The development has won numerous recognitions and reflects his dedication to Detroit. In 2014, Strather and partners received the 2014 Detroit Community Development Award for Excellence in Real Estate Development.

In 2019 Strather is undertaking the re-development of one of Detroit’s busiest corners, Grand