Put your hands up for Detroit real estate
Posted by Foreclosure Prevention in Real EstateSo why are investors looking to Detroit to find good yielding real estate investments?
Let’s look at three recent news articles which highlight encouraging signs that right now Detroit real estate for sale is an attractive investment opportunity.
Detroit was in the top 10 affordable US markets.
This is encouraging as it shows a leading property agent is actively interested in Detroit and that you can buy a nice house for exceptional value.
Wed 23rd Sep, Coldwell Banker, press release
Detroit Update: Finally Some Good News?
As well as other factors including good business performance it was stated that General Motors plans to expand production at 3 of its manufacturing facilities and for the nearly 2,400 workers that will be invited to work on the third-shift line, the news is the best they have heard in a while.
offshoreinn.com, 23rd Sep
Residential Property prices have troughed in US, many economists believe.
The article stated that residential property prices in the US are coming to the end of a three-year slump and should rise in 2010.
Propertywire.com, 24th Sep
According to overseas investment property agents Experience International Detroit is an ideal real estate investment.
With there associates in Detroit, Experience International offer a packaged investment which guides investors through the whole process of finding and refurbishment of a suitable property to helping get tenants via the US Government backed HUD programme.
Right now Detroit investment property can be purchased at very low prices, with rental yields at over 20%. Along with the high rental demand, Government backed rental income and full, professional management then it is clear to see why current Detroit real estate for sale is an attractive investment opportunity.
Watch this video to see examples of Detroit Real estate for sale and the process of refurbishment.
Detroit Real Estate For sale Video
Experience International also state that this is an ethical investment opportunity that;
‘recycles’ houses, turning foreclosed (repossessed) and uninhabitable houses in the USA into refurbished, clean, safe homes for employed – low income families. This provides a much required service to a region struggling with a shortage of 30,000 rental homes.’
So as you can see Detroit real estate is certainly worth close consideration as it can be an excellent addition to every investors portfolio. For additional information and to read the exclusive investor report then visit www.detroit-property.co.uk
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