We believe that now is the time to Invest in Real Estate in Detroit, purchase properties at very low prices, and secure a monthly cashflow return and capital appreciation. Why do we believe in Detroit so much? It's the track record. No other city has seen the resurgence witnessed in the Motor City. We believe that there are truly unique real estate investment opportunities today.
Detroit is arguably the most popular housing market in America for property investors. Realtor.com, which tracks several trends in the US housing market, just named Detroit among the top 5 hottest markets in the country. The numbers don't lie: Detroit's homes are selling 20% less than the national average, meaning price point per unit is significantly lower than comparable investment markets. More importantly homes are selling quickly, 27 days faster than the national average. Investors from around the world are flocking to the Motor City to take advantage of the high net yields/capital appreciation… Detroit Named Top 5 Hottest Housing Market
It's no secret that Downtown Detroit is in the midst of a modern day renaissance. The Motor City's downtown has attracted businesses from all over the world, and new development projects spring up every day. Now, CBRE Group (NYSE: CBG) has published a report with astonishing figures. Between now and 2020, Downtown Detroit is expected to see $5.4Bil in capital investment. According to the latest reports, this capital investment will generate 6,000 new apartment units, 1… Downtown Detroit Expected to See $5.4B in Investment by 2020
If you asked Detroiters for a list of the most iconic buildings in the city, the Michigan Central station will appear on most lists. Although the building has been vacant for nearly 30 years, it has been featured in numerous documentaries and news stories about Detroit. In a way, the building is a microcosm of the city itself. Once a grandiose, extravagant building, the train depot has fallen into disrepair and stripped by looters and vandals. Over the years we have heard of many plans to renovate the building but none of them have come to fruition. Now, things are starting to change and a massive… Massive Renovation Planned for Iconic Detroit Building?
This year marks the 50th anniversary of the Detroit riots, which engulfed the city in the summer of 1967. 50 years later, there are sections of the city which are still feeling the effects of the 67' rebellion. Not too far from where the riots began on 12th street and Clairmount, is the Dexter-Linwood neighborhood. The neighborhood isn't too far from downtown Detroit, where tens of millions of dollars have been invested over the past few years. However many residents of the neighborhoods outside of downtown feel like the investment dollars haven't made a difference for them. This is starting to… Non-Profit Makes $5M Investment into Detoit Neighborhood
With new, luxury residential developments springing up throughout the City of Detroit, many of the city's low income residents feared being priced out. However, the Michigan State Housing Development Authority recently announced the tax credits to preserve and construct affordable housing units for low income residents. Mayor Mike Duggan announced that 271 units of existing units which were set to expire will be renovated. The tax credits will help these buildings keep their affordable status for another 30 years. 114 new affordable units will be set aside for low-income residents, mainly reserved… Detroit Awarded $4.4M in Affordable Housing Tax Credits
A new report by a leading commercial brokerage shows the vacancy rate for Detroit's most prominent buildings has dropped to its lowest point in decades. Just 7.5% of Detroit's iconic office buildings are currently vacant, as demand for quality office space continues to rise. Dan Gilbert, one of the leading developers in greater downtown, moved Quicken Loans headquarters to Detroit from Cleveland in 2010. This was one of the key moves that has driven demand not only for office space, but for retail and residential to support the influx of young professionals moving to the city. The Chase Building, … Demand Rises for Downtown Detroit Office Space - Low Vacancy Rate
Michigan based Comerica Bank has announced it will be investing $5M in a program that helps Detroit homeowners. Detroit Home Mortgage was a program set up by local banks and non-profit organizations to combat the problem with low appraisal values. The mortgage crisis of the late 2000's had a huge impact on Detroit's housing market, when property values plummeted.
One of the main issues for primary homebuyers trying to get a mortgage in Detroit is the gap in appraisal value. For example, even if a home is worth $100,000, neighboring properties which were sold as "bank owned" at a much lower… Comerica Bank to Invest $5M in Detroit Mortgage Program
CNN has announced the development of a historical documentary on the City of Detroit, set to be released in 2018. Celebrity Chef and host of CNN's popular "Parts Unknown" show, Anthony Bourdain, will be leading the project. Bourdain considers himself an ambassador for Detroit, one of his favorite cities. Bourdain told the Detroit News: "Given any opportunity to talk up Detroit, or pay attention to it, I’m for it"
Detroit has been in the national spotlight… CNN to Release Historical Documentary on Detroit
