Real estate investing can be fun and lucrative, either as a full time career or a casual investment strategy.  The "get rich quick" schemes are more the subject of late-night infomercials than reality--real estate investing takes hard work, time, ingenuity, education and integrity. There are many creative approaches that we all use as real estate investors, but creativity should never cross the line of deception or anything less than completely ethical, legal business dealings.  That is even more true when we work with property owners and properties that are in distress.

As in any industry, we have our share of scammers and con artists.  Our elected officials are likely doing everything they can to improve consumer protection and for that they should be applauded.  They do, however,

appear to be in the unenviable position of writing laws without knowledge of many of the ways that we real estate investors do business every day.  Nor could they conceivably know that consumers will lose by

passage of many of these laws.

Our legislators have proposed, and in some cases passed, legislation that impacts all of us.  Making our voices heard, including contacting our State Legislators by email and letter, along with attending public hearings, is vital to help us support and educate our lawmakers about what we do as real estate investors.  These efforts are not just the responsibility of REIA; they are the responsibility of ALL OF US. Check back often, contact lawmakers, attend hearings and GET INVOLVED to keep real estate

investing a viable industry. 

Updated information on changes, or proposed changes, in our State

Legislature, Federal Government, law and rules are updated in this

publication periodically in the articles “What’s Happening Around The State of Michigan”, submitted by Don Eichstaedt, Secretary RPOAM.   As always, consult your attorney for additional information about legislation, laws, and rules and how they affect you and your business.

REIA of Oakland was founded and is managed with ethical real estate

investing as our foundation.  As we all know, not all who profess to be "investors" do the same.  It is up to us who invest legally and ethically to remain diligent in our business practices and moral obligations and do all that we can to make our industry shine.

Chris Yatooma, President

REIA of Oakland