Better Buildings, Better Blocks is a training course designed to teach the nuts and bolts of small-scale real estate development. Open to any resident of Detroit, Hamtramck, or Highland Park over 18 years of age, this course walks participants through the basics of identification, acquisition, financing, leasing, and project management for neighborhood-based residential and commercial development projects. Participants will learn through six in-class sessions taught by expert instructors; fifteen online video lectures; a reputable, yet readable, textbook; and weekly office hours sessions. One class session will be dedicated to connecting participants to “resource partners,” an intentionally cultivated network of businesses and organizations necessary to completing development projects.
Better Buildings, Better Blocks
Winter class schedule will be released in the Fall of 2019.
All classes are held at the University of Michigan Detroit Center
(3663 Woodward Avenue, Detroit, MI 48201)
Our curriculum requires participants not only to attend each class session as well as complete all assigned readings and online videos but also requires the completion of a course term project, analyzing qualitative and quantitative reasons for purchasing a residential or mixed-use property. An example of the expected final term project can be found here.
Textbook: "Investing in Real Estate" by: Gary Eldred (available on Amazon)
Session topics include:
The pros and cons of leverage
Understanding market value
Profit by creating value
Tax free exchanges
Developing a pro forma
To participate in the program, each participant must:
Be a resident of Detroit, Hamtramck, or Highland Park (no exceptions)
Be able to attend all class sessions
Have consistent access to a computer and the Internet
Be comfortable using Microsoft Excel and PowerPoint
Be interested in community-based, real estate development