I'd call Desert Management Group at 877 572 4466. They are EXCELLENT for people out of area, finding GREAT homes and getting rehab, tenants and property management in place.

Good Morning, I have 6 homes, bricks, 3-4 bdrms,located in the Detroit area, I also have a Condo in southfield, willing to sell contact me at earchnard@yahoo.com

hi..my partner still has several.....he is not desperate....but he is motivated.....if you are interested...let me know and i'll send you the addresses....one duplex and others are sfr...good locations (detroit)...thanks...bob mcclure- success mortgage partners- plymouth, michigan.....

You can always consider investing in suburb regions of detroit for less risk with good cash flow. These zones can provide you safety for your property, nice neighbourhood and long term appreciation. In general Detroit might appeal as long as you willing to take a big risk for your return.

There are other options to consider, you can buy a note at a discount or work with lease option tentants. You can also invest in profit sharing basis on rehab projects outside of Detroit within Michigan will low risk. We have few of those on our portfolio as well.

If you still want to do business in Detroit, currently we have 40 properties with cash flow, so if you like then you can visit at:
http://www.thebestmihomes.com/Allproperties.html
Let us know the property you are interested in and we can help you out.

Adrian,

I had lengthy phone conversation with a prospective buyer like yourself who's from outside the Michigan area, and has heard about all the "great deals" just this afternoon. Last week I spoke with another prospective buyer from outside the U.S. .

What the media fails to say when they describe how you can buy a house for $3000 to $5000 in Detroit, and how many wonderful deals there are--as was mentioned--is what taxes are, what is projected appreciation, what are rental vs vacancy rates, insurance issues and various other factors that any investor should consider.
Over the years I've worked with a number of investor clients, my background differs from the vast majority of Realtors as well. My advice is buyer beware..Michigan in general offers a great deal of opportunity currently, but you need to make sure you get a clear and accurate picture of the area as a whole, the market as a whole and the local economic outlooks.
Happy to discuss with you any time, thompgroup@gmail.com 734.395.4833

you want to purchase and rent property in detroit. here are my suggestions. first, take a real estate classonline or find someone who can familiarize you with the landlord tennent laws and property tax assessments. secondly, find a bank, not a mortgage broker but a bank who you can work with to handle the loan paperwork if you are not paying cash. thirdly look at homes where the seller is still in the home. alot of the property here is stripped of its copper and electrical wiring and if you dont know this before you purchase it, you can really have a money pit on your hands. fourthly ( im not sure thats a word), if you're in it for the money, forget it. there is no money here. people here do not have money to pay rent or mortgages right now. if you want to invest in property here i would suggest senior citizen communites. where people are on a fixed income and can pay their rent timely. if you find an apt building that is already outfited for senior living then you will have better luck. if you are just bent on finding rental property, look around the university districts, wayne state, university of detroit mercy, or u of m dearborn. and find faculty who are looking to rent for short periods of time. people think there is easy money to be made here in this area, i think there are alot of people who are willing to easily take your money.

Hello,
Adrian my name is charles Willis i ,am with realtyinvestorbid.com 95% of properties on our web site are bank owned including The properties in Detroit , Bidding is Free ,

If you have any questions feel free to give me a call i will be loading more properties on there .

http://www.realtyinvestorbid.com

770-971-8125 office
770=627-3553 fax
678-508-9187 cell

PLEASE note the PROPERTY TAXES and insurance rates in Detroit before you invest there!!! It is an area in extreme decline. The industry which supports it is in decline. Simply NOT the place to invest in the US. Look south. States like Alabama are attracting foriegn auto factories and industry. If the US auto industry is to survive they will have to go there too. Taxes are low there (unlike southern states of Georgia and Texas) and it is an area on the upswing or "altogether very go-ahead" There is a technology oasis there in a town called Huntsville which is on it's way to becoming a world class techno-center. Industry keeps pouing into Selma and Montgomery area with a japanese and a German concern looking now at putti8ng plants there to join the others that are already established. America is huge and tricky and the sunbelt is the only part of it on the go.

good morning.......i have a partner that owns several in the detroit area....they all need varying degrees of repair before they could be rented..flexible terms....please call if you would like more information....bob mcclure- success mortgage partners- (248) 974-4444....

Have you looked at other markets as well? The Battle Creek market also offers some great homes at very low prices, but also offers the advantages of a smaller town with plenty of amenities and a convenient location to larger metropolitan areas like Kalamazoo (15 miles), Grand Rapids (50 miles), Detroit (120miles) , and Chicago (150 miles).

As for the taxes, they are determined by the county based on a set formula.

Hi Adrian,
It's technically illegal for a realtor to comment on areas to avoid. They can however, show you homes that meet certain criteria that you define. I would do some research on city-data.com and familiarize yourself with some of the different areas.

If you are curious about taxes google "state of michigan property tax estimator" and you can calculate estimated taxes based on property value and location

Best of luck!

Hi Adrian,
I work the Metro Detroit market and have experience with bank owned homes. Feel free to check out my web site and contact me with any questions. It's a great time to buy in our area. Good luck.

Adrian,

I have some properties in Detroit that are currently rented out with good cash flow that you can buy them. So you have tenants already in place. Please email me at sales@thebestmihomes.com. Also if you are interested in the suburbs of Detroit I can help.

Hi Adrian, I thought you might be interested in reading this. http://news.yahoo.com/s/ap/20090308/ap_on_bi_ge/landlord_nation
As you can see, you are not alone in your thought process. You can also check out http://www.mcbreo.com to see some government owned homes as an example of the prices in the area. If you have any questions you may contact me through my information in my Trulia profile. Good hunting. John

Adrian, you are picking a great area to invest in. We have a lot of properties in Detroit and surrounding areas that will provide great rental income. Our taxes are based not only on the price of the property but also on the values of the properties that surround the purchased property. I have a program that I can set you up with that will allow you to search any property that is listed on our system for sale. This includes owner occupied homes as well as bank owned homes. You are making a wise decision to come and see for yourself. If I can be of further service, you may contact me through Trulia and I would be glad to answer any further questions you may have.

If there is a area to buy in the United States it would be in Northern Virginia or Washington DC area due to all the federal jobs in the Nations Capital. This area has been deemed as recession proof in magazines but i don't really know how real time this is because there are alot of foreclosures in these areas for the picking.I am right now helping foreigners to buy these properties and we have had GREAT success. Ares of interest has been foreclosures close to the Universities(Rentals for students), Metro Rail(communting for military on temp. assignment) and this is just a few. Detroit has no work and everybody from the automotive industry are moving south. See i have 2 ful time jobs (REALTOR) AND Management for a Automotive supplier for the last 32 yrs so i do know what is going on in Detroit. I live in the Shenandoah Valley which is approx. 60-80 miles from Washington DC and Norhtern Virginia. Call me 1-540-459-2752 or my cell 1-540-335-6659 or email me jrstickley@hotmail.com