Overseas Investors Zeroing in on Detroit Real Estate

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) February 8, 2011 -- International real estate investors looking to buy homes in the US are zeroing in on Detroit. 40% to 60% below market value pricing conditions makes Detroit a 'no brainer' investment opportunity. With the expertise of real estate investment firm DetroitPropertyInvestor.com, clients can expect a professional and profitable experience.

"Due to the availability of bank repossessed homes, an investor can purchase a fully rehabbed, income producing property for a fraction of the market value. Purchasing property at these all time lows, allow for incredible net yields ranging from 10% to 18%," says J. Williams, a local Detroit Realtor.

Five years ago homes in affluent Detroit neighborhoods such as Bagley and Rosedale Park sold upwards of 150,000 USD. Today, those same homes can be purchased anywhere from 30,000 USD to 50,000 USD.

Williams says, "Detroit is experiencing economic recovery." That appears to be apparent as the US Government has allocated billions of dollars to revive the city's primary industry and the historic heart of the American automotive industry.

Detroit City Council has organized a board that is responsible for overseeing the revitalization of Detroit neighborhoods, ensuring that vacant homes are kept in decent condition until they are sold.

Overseas interest comes from around the world. "We are receiving inquiries from the UK, Romania, Australia and Israel," Aaron Wiley of DetroitPropertyInvestor.com says.

True interest is increasing and remains at an all time high, but Wiley warns overseas investors to do their due diligence. "There are many companies that are capitalizing on the current market by offering below value properties in sorely declining neighborhoods. It is important when selecting a property to research some key factors; make sure that the home is located in a decent well populated neighborhood. If you are buying sight unseen, request of your property liaison a video walk through of the prospective property, one to include a tour of the surrounding neighborhood. Ensure that yearly property taxes are manageable and locate an established property management firm that has experience dealing with investors abroad."

DetroitPropertyInvestor.com is a full service real estate investment firm specializing in assisting overseas investors; research, select, and acquire income producing Detroit property that will provide long term capital growth. For more information visit www.DetroitPropertyInvestor.com

Contact:

Sue Martin, Director of Public Relations
Michigan Community Holdings, LLC.
32046 Franklin Road
Franklin, MI 48025
Phone: 248.346.0296
E-Mail: info@michigancommunityholdings.com

More information can be found online at http://www.DetroitPropertyInvestor.com

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