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.
The coronavirus pandemic continues to ravage the United States, with cases surging in nearly every state. Michigan is no exception and the state's Governor, Gretchen Whitmer, has implemented another 3 week shutdown aimed at slowing the spread of the virus. Despite this grim reality, the real estate market in Metro Detroit continues its bullish run. Property values continue to rise and inventory remains scarce. The historically low interest rates have presented a unique opportunity for both buyers and developers. Development projects are moving forward with full steam despite concerns of a COVID… New Developments Booming in Detroit Despite COVID Pandemic
Metro Detroit has been one of the hardest hit areas of the country in the wake of the COVID-19 pandemic. The state of Michigan had over 45,000 confirmed cases and over 4,000 deaths as of May 5th 2020. Although stay-at-home orders and social distancing have flattened the curve, the state is still grappling with the virus. Many states have scaled back restrictions and some states including Texas and Georgia have re-opened their economies. In Michigan, the lifting of restrictions has been gradual. On May 1st Governor Gretchen Whitmer signed an executive order allowing several sectors to reopen… Michigan Governor Lifts Restrictions on Real Estate Activity
The University of Detroit Mercy has announced a major investment into its northwest Detroit campus. Following a successful fundraising campaign that netted $115 million, the private Catholic university plans on beginning construction in the summer of 2020. The school is located near the intersection of McNichols Rd and Livernois Avenue. The area north of the campus is fittingly named the "University District," and features some of the city's grandest homes. Livernois, was once known as "the Avenue of Fashion" because of the numerous clothing stores that lined the street in Detroit's heyday. Today,… University of Detroit Announces Major Campus Investment Project
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
