A significant weakening in rental demand caused by shrinking government rental subsudies could significantly impact cash flow and even depress already low prices for single and multi-family.
It's not a prediction, but something to consider in your investment plans. There may be better models available.
I was born and raised here in Detroit area. My wife and I have properties of our own. And some we are looking to sale. We also have access to over 200 available properties. If you would like for us to help you in your search please contact us at firstname.lastname@example.org
And here the sec8 program is a sure way to get your rent moneys on time and your property rented
My name is Charlene Johnson and I am a licensed Realtor in the State of Michigan. Detroit is a very good place to invest in but please do your "Due Diligence". My company is Conquest Real Estate Group and we have under our umbrella a Property Management Company, You can consider us a one stop shop, meaning not only can we assist you in purchasing a home but we can manage the property for you also.
Make sure that whomever you choose to work with they are who they say they are, please ask a lot of questions and make sure the answers Make Sense! Starting with one property is very smart, that will allow you to gage the entire process.
I would love to work with you, please give me a call and allow me to find you your first of many homes.
Charlene Johnson, Realtor
Conquest Real Estate Group
16250 Northland Drive, Suite 202
Southfield, MI 48075
(248) 569-1486 - Office
(248) 595-8966 - Fax
(313) 574-7633 - Cell
Detroit Renewal Group, llc.
serious inquiries only
Thank you for your time.
15% is pretty typical for a NET return in a good neighborhood with a nice property. We deal with 15% net returns all day long in Detroit and every few weeks we'll run across a home run of 20%+. Those deals tend to fly off the shelf quickly though. Good luck in your Detroit Investment Property search and check out: http://BuyHomesInDetroit.com for updates on the Detroit Real Estate Market and turnkey Detroit properties for under 40k.
That is a little bit of an exaggeration don't get me wrong it is possible but highly unlikely on
a regular basis.It's more in the realm of 12%-17% return on investment.You should have
someone or company that knows the good areas to rent with the thought that the neighborhood
is pretty stable.Section 8 is good good if your looking for guaranteed rent payments also property management
is also important.You should be able to see what is going on with your properties like rent payments,repairs
tenant info etc.Our company specializes in all the things that you may be looking for.Go to our site
http://www.metrodetroitrentalexperts.com to find out more or call me at 248-569-1486
Metro Detroit Rental Experts
16250 Northland Drive st 202
RE/MAX Greater Atlanta
CRS, CRB, ABR, MSRE, CDPE, e-PRO, ESQ
Certified Residential Specialist
Certified Real Estate Broker
Accredited Buyers Agent
MS Real Estate and Urban Affairs
Certified Distressed Property Expert
Certified Internet Professional
203K Certified Specialist
2050 Roswell Road
Marietta GA 30062
Call me if you decide AZ is a place to look into or check out my website to search for properties: homesales411.com
There is a town within 20 miles of Detroit where there is true opportunity. In 2005 the average sales price for homes in this town were just under 100k. In 2010 the average sales price for homes in the same town were under 30k. The key factor however is that rent in 2010 was averaging $675.00 now the rent averages $750.00. You can get into the houses for a third of the price and rent prices are going up.
Here is the key over Detroit. If the economy improves in say 5 years Detroit will still be way behind, there are too many problems in Detroit. However if the economy improves the sales of the homes in this other town will start to go back to their 2005 sales prices. I think we all know that prices aren't going to be back to 05 numbers but why be in Detroit where appreciation will be delayed when you could be in a community that has a great chance to rebound.
If the economy gets better property values will increase and you can sell for a nice gain, if foreclosures continue and the economy stays in a declined state your rental revenues will increase. Why not be in a community where you are proptected either way?
I can show you all the numbers and have turn-key properties with renters in them for you. I have no interest in selling one property; I am interested in showing my investors great returns therefor they do more properties and I make more money. Sorry to be blunt but there is no reason to dance around ones true objectives.
Please feel free to e-mail me at email@example.com and I will get you more information
#1 Listing and Selling Agent
Keller Williams West LA
We have a few investor's that are buying homes in the $20K price range, they do minor renovation work and are renting them for around $700 per month, they plan to sell in the next couple of years, once the market starts to improve, I would think that you would more than double your money. This area is about 15 mins from the Airport and 20 mins from downtown Atlanta, great location. Let me know us know if you need more info!
Thank you and have a Great Week-end!
LBR Home Selling Team
Linda, Brenda, Rhonda
Usually areas in USA way below market great invest however depends on rate of return on purchase. I have been a long time real estate investor with success. Dallas, TX markets offer many opp's for world wide investors.
CONTACT OUR OFFICE TODAY
Lynn A. Crosby ~ National Featured Realtor
Follow me on Twitter: http://twitter.com/Lynn911
"...Specializing in Residential, Commercial Properties and Loans..."
Dallas Realtor, and Credit Repair Consultant -
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Dallas Real Estate Website: http://www.lynn911.com 60,000 listings Dallas homes for sale
But, Perhaps the most common misperception surrounding the Detroit real estate market is that a large percentage of the population has deserted it. Read the real truth about Detroit's real estate market.
Sorting fact from fiction
Our recommendation is to not only consider your investment from the purchase point of view but its resale value as well.
The Eckler Team
Yes, there are true stories, but always beware anything that sounds too good.
As with any overseas investor I work with, I urge you to consider the "other" factors with managing from afar --
Who is going to do the work to rehab the home?
Who is going to do the day to day management?
These are all difficult things to coordinate without a good amount of effort, so if you want someplace to start, let me know and I'd be glad to help.