1031 exchange in Michigan
Michigan Real Estate – Why should you do a 1031 exchange in Michigan?
With almost 10 million inhabitants, Michigan is popular for several reasons. Its nearness to 4 out of the 5 Great Lakes and unique shape, make Michigan one of the famous states in the country. Not to mention, the dominance of the car industry in the state, particularly in Detroit which is the home of almost 3.8 million people. Detroit is known as a manufacturing powerhouse in the US because of some reasons. With over four thousand factories functioning on its land, including those owned by giants such as Chrysler, Ford & General Motors, Detroit deserves the title of the ‘Motor City’. Besides, the city is also a leader of the health care economy in the country. Not only these, real estate investors have several benefits of doing 1031 exchange in Michigan.