Why consider investing in Detroit Real Estate?

Detroit is a major US Metropolis that cannot be ignored. It is the second largest city in the mid-west (after Chicago) with a metro population of 5.3 million. Contrary to popular public perception, Detroit is not an industrial wasteland with high levels of crime. In fact, many actually visiting the city have only recently discovered that it is a residential investment hive.

Ten key reasons to invest in Detroit real estate:

1. Prices are very affordable compared to other US metropolitan locations but are rising. Even the even the modest investor can purchase multiple houses. Over the past 18 months there has been a surge in rental estate values due to the regeneration of the Greater Detroit downtown area.
2. A waiting list of over 9,000 tenants looking for high-quality housing in the metro Detroit area.
3. Huge tracts of blighted and abandoned homes are being demolished by the City Council which is improving the quality of the neighborhoods in the city.
4. Potential for substantial capital appreciation due to corporations and the US government allocating over $1 billion to create new jobs and regenerate the city.
5. There are multiple programs for regeneration in the key neighborhoods throughout the city
6. The Detroit region has one of the largest numbers of colleges in the States. Within the metropolitan region there are 35 colleges and universities producing a skilled workforce.
7. Detroit is distancing itself from the traditional automobile industry. It is reinventing itself by diversifying into different industries such as science, bio-technology, financial services, film, entertainment and tourism.
8. Detroit’s Regeneration and neighborhood revitalization programs are a combination of Federal, State, City, Private, Business and non-profit initiatives to place the way for regeneration throughout the city.
9. The Federal Government enacted the Housing and Economic Recovery Act and created a fund of nearly $4 billion. The city of Detroit has a $300 million stimulus plan to create jobs and revitalize neighborhoods, financed by city bonds and paid for by earmarking about 15% of the wagering tax.
10. The non-profit organization's like the City of Detroit and numerous Dan Gilbert's initiatives focuses on the transformation of Detroit neighborhoods through reinforcement, revitalization and redevelopment efforts. There are focusing their efforts on numerous areas throughout the city.

The Detroit real estate market offers investment potential from cashflow/high yield properties, fix and flip properties to land speculation.

CEO | Lawyer | Property Investor & Broker | Property Manager | Author