“The city is fully lit, under budget and ahead of schedule… Detroit is back.”— Vice President Joe Biden, January 2017
One of the reasons we were attracted to Baltimore’s real estate investing scene was the ROI that can be found here. It’s truly unlike anywhere else. BUT we’re also always looking for other markets. Why put all your eggs in one basket, right?
Throughout research we’ve found another hidden gem of a real estate investment market …Detroit.
“The city is ripe. The time is ripe.”
– The Wall Street Journal’s 5 Cities that are Leading the Way in Urban Innovation
What makes Detroit so great for real estate investors, 1031 exchange investors and self direct IRA customers? (Plus everyone looking for great return, actually!)
- Detroit is in a rebuilding phase – making it the best time to invest
- Equity – Price to enter market is low and home values are rising
- Established property management on many of the properties available
- Immediate cash flow on most properties
“Stop being scared of Detroit. The story here is no longer automobile industry collapse, decline, decay and blight. It’s about a glorious city that birthed the Model T and Motown, that’s coming back better, stronger, artier…Something remarkable is happening here. The city is exploding with art and food and activity. Creative types are coming from all over to be part of the transformation.”
– The Toronto Star “Detroit is America’s Comeback Story”
We’ve got about 200 properties available NOW.
All of these properties are filled with established tenants in them, with property management in place and many recently renovated. Prices of these range from $30K-$50K with rents between $800-$1000/mo. Making the return on investment right around 24%.
If you’re looking for immediate cash flow, high ROI, a purchase for your 1031 exchange or self directed IRA, Detroit is the market for you!
Contact us today for more information!
Investing in a Cultural Revolution
Breakdown: JPMorgan Chase’s 2014 Investment in Detroit
$50 Million – Real Estate Capital Projects
$25 Million – Removals and Restorations
$12.5 Million – Workforce Solutions
$7 Million – Small Business Growth
$5.5 Million – Infrastructure Development
“The city has been lauded as of late for its cultural renaissance (including by Architectural Digest), with companies like Shinola and a slew of new hotels, restaurants, and galleries returning focus to a city that was once the epicenter of American industrialism. A pride of place and a dedication to upholding this reputation make the future bright for Detroit — no doubt it will more than live up to UNESCO’s standards.“ – UNESCO’s 1st American City of Design
“2017 may be the year promise becomes reality. The new QLine streetcar is expected to open in April, connecting the central Woodward Avenue corridor some 3.3 miles between downtown and the revived New Center area. It passes through Midtown, home to the Detroit Institute of Arts, and the entertainment-focused District Detroit, where a stadium opening this fall will be shared by the Detroit Red Wings and, in a return from the suburbs, the Detroit Pistons.” – The New York Times‘s 52 Places to Go in 2017
“In a few short years, Detroit has gone from being a cautionary tale to a success story… Almost 100 new restaurants, along with breweries and distilleries, opened in the past two years (such as Detroit Water Ice Factory, a dessert shop from writer Mitch Albom, and Kuzzo’s Chicken & Waffles, former NFL cornerback Ron Bartell’s effort to continue to revamp the Livernois Avenue of Fashion), with more on the way. Now that retailers like John Varvatos and Carhartt have opened outposts in the city, and Nike is making plans to join the fray, Detroit might not be able to sell its comeback story for much longer — it’s decidedly back.” – Travel+Leisure‘s Best Places to Travel
“Wait, Detroit? Yes. The city better known as a center for automakers and manufacturing is revving its culinary motors.” – National Geographic‘s 6 Unexpected Cities for the Food Lover
“The exodus is over. Let the pilgrimage begin. Welcome to Detroit, where an image of urban gardens, riverfront cycling, and warehouse lofts inhabited by hip 20-somethings is beginning to erase one of burned-out homes and the urban porn of once-grand buildings left in ruins.” – London Free Press – “From sports to the arts to the auto industry, Motown is drawing a new generation of fans”
“Stop being scared of Detroit. The story here is no longer automobile industry collapse, decline, decay and blight. It’s about a glorious city that birthed the Model T and Motown, that’s coming back better, stronger, artier… Something remarkable is happening here. The city is exploding with art and food and activity. Creative types are coming from all over to be part of the transformation.” – Toronto Star – “Detroit is America’s great comeback story”
“Detroit is a rapidly changing city. In 2016, it’s all about learning and family fun with the opening of a new Legoland, a comprehensive Beatles exhibit, and an expansion to the Sea Life Michigan Aquarium.” – USA Today‘s 14 Places in America You Have to Visit
“Boom and bloom have shattered the Motor City’s gloom-and-doom reputation. Super-charged vital signs include a white-hot urban art scene, homegrown jazz, R&B, funk and electronic virtuosos, sensational bargain-priced food, coffee and craft beer, a fresh new riverfront, a greenway where lush foliage competes with street art-splashed concrete slabs, new urban bike and kayak tours, and friendly residents excited to share their cultural riches.” – The Dallas Morning News – “If you’re not turned on by Detroit’s new energy, you’d better check your pulse”