A once in a life time opportunity has been created by the financial crisis. The resulting foreclosures and lack of finance has driven home values down and home owners to seek rented accommodation. This dynamic of historically low home values and strong rental demand has created an opportune investor environment and a high yield low risk investment that is currently unrivalled. The drivers behind the rental demand are strengthening post recession as new businesses are attracted to Detroit for its excellent property values and competitive new business tax base introduced by Governor Rick Snyder. The “Big 3″ auto giants based in Detroit, Ford, GM and Chrysler have rebounded due to the bail out funds totalling $ 43 Billion and due to recent robust sales. The growing work force will provide continued momentum to the rental market. In short this Buy to Let dynamic is firmly rooted and offers an ideal investment opportunity. The recent S&P Case Shiller Index shows that Detroit was one of only 2 out of 20 Metro areas to show year on year home value increases. We suggest that this could be the bottom of the Detroit Property market and a excellent entry point. Signup to receive the latest Detroit Report and start building your wealth today.
3 Bed Detached $ 29,450
We have structured the most competitive and secure Buy to Let Investment in Detroit. We offer quality, refurbished, Pre Tenanted, Brick built, Detached and Rental Guaranteed properties in family friendly areas from only $29,450.
A successful Buy to Let property investment is not complete without a competent and effective property management team. Our extensive experience working in the Detroit property market enables Property Investment House to partner with the most effective and experienced managers.
We take care of all the usual headaches associated with a Buy to Let Investment. We will assist you with company formation, US Bank Account creation, end of year tax fillings and EIN and ITIN applications. This really is a genuine Turnkey property investment.
The US has very transparent property transaction process; however there are many ways to still make mistakes and leave yourself exposed. We have structured the most secure purchasing process by insisting on Title Insurance and Warranty Deeds.
Income in 45 Days
From reservation to income we aim not exceed 45 days. This is possible for Property Investment House as our refurbishment teams are the most professional in Detroit. This is evidenced by our ability to pass the three inspections by the city to gain Certificate of Approval.
Cert. of Approval
The Certificate of Approval is a required part of the sale process in Detroit, however many deals are done with an ACR (Affidavit of Compliance Responsibility) to circumvent this requirement. Our advice is to avoid purchasing foreclosed homes without a Certificate of Approval. Enquire to learn more.
2 Year Lease
The biggest impact to yield on a newly refurbished property is tenant placement fees and vacancy loss. Our tenants sign minimum 2 year leases saving up to $1,500 every year. Tenants usually stay for longer than 2 years with our management in place boosting real NET Yield significantly.