Frequently Asked Questions (FAQ) – Promise Land Development L.L.C.
1. What services does Promise Land Development L.L.C. provide?
We specialize in real estate development, property rehabilitation, affordable housing initiatives, new construction, demolition, hoarder cleanouts, lead paint abatement, mold remediation, and pre-foreclosure list subscriptions.
2. Where do you operate?
We serve Wayne, Oakland, and Genesee Counties with a focus on Detroit, Pontiac, and Flint. We also have access to over 50 Michigan land banks and land banks in Cleveland, Evansville, and Muncie.
3. How does the pre-foreclosure subscription work?
Subscribers receive a weekly pre-foreclosure list every Monday by email. This list provides access to hidden deals before they reach auction.
4. Who typically benefits from the pre-foreclosure list?
Investors, homebuyers, wholesalers, and real estate agents use the list to find undervalued properties ahead of competitors.
5. Do you sell renovated homes directly to buyers?
Yes. We acquire distressed properties, renovate them to meet lead-safe standards, and sell them to families and investors.
6. What makes your properties safer than others?
We follow EPA/HUD Renovation, Repair and Painting (RRP) guidelines and comply with Michigan’s new Universal Lead Testing Law, ensuring our homes are safe from lead hazards, mold, and other risks.
7. What is the typical cost of a Promise Land Development L.L.C. home?
Homes are often purchased for as little as $3,000 through land banks, renovated for $40,000–$65,000, and sold at market values averaging $150,000.
8. Do you work with investors and partners?
Yes. We provide joint venture opportunities, franchise partnerships, and investment packages for those interested in scaling property redevelopment.
9. Can landlords or homeowners hire you for services?
Yes. We provide cleanouts, demolition, lead abatement, and mold remediation for private homeowners, landlords, and property managers.
10. Do you offer rental properties?
Yes. In addition to selling renovated homes, we maintain a portfolio of rental units in Detroit, Pontiac, and Flint before reselling them in later years.
11. How do I request a service quote?
Submit a request through our website contact form or call us at 248-556-3997. Provide your name, phone, email, property address, and details about your project.
12. Do you assist homebuyers with financing?
Yes. We help connect buyers with mortgage lenders, credit unions, and housing programs that offer grants, down payment assistance, or favorable financing.
13. Are your projects funded by outside investors?
Yes. We partner with fund managers, private lenders, and grant providers to scale housing redevelopment in Michigan communities.
14. How do you select which properties to buy?
We focus on distressed homes from land banks, pre-foreclosure properties, and undervalued houses in neighborhoods with stable rental demand and strong redevelopment potential.
15. What makes Promise Land Development L.L.C. different from other real estate companies?
Our mission goes beyond profit. We focus on community revitalization, affordable housing, and public health by addressing lead safety, mold hazards, and blight removal.
16. Do you handle commercial properties too?
Our primary focus is residential redevelopment, but we evaluate select small commercial or mixed-use properties if they align with community revitalization goals.
17. How do you handle compliance and safety regulations?
We outsource compliance and HR to experts, ensuring all projects meet EPA, HUD, OSHA, and Michigan housing standards.
18. Do you offer employment or franchise opportunities?
Yes. We are growing and open to franchise discussions, joint ventures, and hiring team members who share our mission.
19. How do I stay updated on new opportunities with Promise Land Development L.L.C.?
You can subscribe to our newsletter, follow us on social media, or join our investor updates list through the website.
20. How do I contact you?
Phone: 248-556-3997
Email: info@promiselanddevelopment.com
Office: 100 W. Big Beaver Rd., Ste 200, Troy, MI 48084