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.
As the world continues to grapple with the COVID-19 pandemic, every facet of our lives has changed. With fear and uncertainty devastating the stock market, investors are looking to invest in real estate for safety and diversity. According to the Wall Street Journal, "A growing number of property investors are preparing for what they believe could be a once-in-a generation opportunity to buy distressed real-estate assets at bargain prices." There could be a rise in foreclosures, as… Investors Look To Real Estate Amid Coronavirus Fears
Detroit’s real estate market is booming. In fact, city officials just announced that property values were up over 20% city-wide. That’s the largest gain in over two decades. Mayor Mike Duggan credits the city’s efforts to combat blight and improve city services. This was welcome news for Detroit homeowners, who were among the hardest hit in the country in the wake of the global financial crisis.
The Detroit News reports that the city is also aiming… Detroit Property Values see Biggest Gain in 20yrs
For anyone that follows the Detroit real estate market, it's known that Corktown is among the hottest neighborhoods in the city. Property prices in Detroit's oldest neighborhood have been booming for almost a decade now. When Ford announced plans to buy and redevelop the long vacant Michigan Central Station on Michigan Ave, they started a frenzy of property speculators looking to cash-in on the Corktown land rush. Now, virtually every vacant building along Michigan Ave (the main thoroughfare in Corktown) has been snatched up by eager real estate investors from all over the country. Several… Real Estate Prices Soar Along Michigan Ave in Detroit
General Motors, the largest automaker in the US, is set to invest $3 billion in their Detroit-Hamtramck assembly plant. The news comes just months after fellow automotive giant Fiat-Chrysler announced it would be investing over $1 billion in a new Detroit assembly plant on the city’s east side. After long deliberations between the United Auto Workers (UAW) and GM, the two sides finally reached a tentative agreement. The details of the agreement were obtained by the Detroit News, and can be read… GM to Create 2,225 jobs in Detroit ($3B Investment)
Just 6 years ago, Detroit was in the midst of completing the largest municipal bankruptcy in US history. Fast forward to 2019 and the Motor City is experiencing a major comeback. Detroit’s meteoric rise over the past few years has now caught the attention of major media outlets around the world. CNN has proclaimed that the city is “roaring back to life” in a glowing article you can read in full here.
Major companies across several… Detroit “Roaring Back to Life” - CNN
For better or worse, Detroit's economy has always been tied to the auto industry. The "Big 3" automakers (Ford, GM, Fiat-Chrysler) still employ tens of thousands of workers in and around the Motor City. The decline of manufacturing reached its low point in 2008 when the automakers were essentially bailed out by the federal government. Shortly thereafter the unemployment rate within the city of Detroit reached 29% according to some estimates. In recent years however, the titans of Detroit's auto industry have fared much better, having some of their most profitable years on record.
Last week… FCA to Create 6,500 Jobs as Part of a $4.5 Billion Investment in Detroit
With news of GM closing the historic Detroit-Hamtramck assembly plant, many are wondering how this will effect the city’s resurgence. According to the Associated Press, news of the plant closing will have a minimal effect on the city’s overall economy. Experts believe Detroit’s economy is shifting away from manufacturing in favor of the medical and technology industries. Layoffs like the one announced by General Motors will have much less of an effect than previous layoffs because much of the money saved by the auto giant… Detroit’s Economy Becoming More Diverse
Detroit mayor Mike Duggan announced a major investment in Detroit's neighborhoods earlier this month. The leaders of 7 companies joined the mayor during his announcement, representing: Huntington Bank, Chemical Bank, Fifth Third Bank, Flagstar Bank, Penske Corporation, and Blue Cross Blue Shield of Michigan. Each company announced they would be investing $5 million in 7 neighborhoods on both sides of the city. According to Fox 2 Detroit: the neighborhoods are: Grand… 7 Companies Investing $35 million in Detroit Neighborhoods
