Metro Detroit Real Estate Investor Reveals the Hot Spot for Investment Property

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) July 21, 2009 -- The ongoing real estate crisis spells opportunity for buy-and-hold investors. Never before have investors been able to take advantage of the current unprecedented low prices. Investors who are looking to buy low and hold long-term are able to realize positive cash flow renting out property.

Some markets such as metro Detroit are recognized as gold mines. Local investor Jerry Norton has been assisting out-of-state investors from all over the U.S. and world by providing renovated and rented packaged properties for under $50,000. His company, Equity Services, LLC, is recognized as metro Detroit’s #1 property placement provider selling over 150 turnkey properties since January 2007.

Why are investors flocking to Detroit? Due to the manufacturing and automotive crisis, metro Detroit is currently experiencing a poor economy resulting in plummeting real estate. Foreclosures abound and investors can acquire properties for pennies on the dollar.

While many investors are attracted to the low prices, Jerry warns investors to be careful in the city of Detroit stating, “I’ve seen it a thousand times where investors come in and buy simply based on a cheap price. In the city of Detroit there are areas and neighborhoods where drugs, crime, prostitution, vandalism and theft abound and most out-of-state investors don’t know how to recognize those areas.”

After years of investing in both the city and surrounding cities, Jerry has concluded that the city of Pontiac is the most attractive area in Metro Detroit. Pontiac is located about 30 miles northwest of Detroit and easily goes unnoticed. It is a city of approximately 65,000 residents compared to Detroit’s 1 million. Jerry points out the benefits include that it’s located in the heart of Oakland County, one of the wealthiest counties in the U.S., the property taxes are less and it is safer with less crime and theft. Not to mention a high rental demand and properties have great cash flow.

“I believe Pontiac is a buy-and-hold investor’s dream-come-true because it provides positive cash flow now and is prime to realize tremendous appreciation in the years to come,” claims Jerry.

To learn more about investing in Pontiac, visit http://www.equityservicesllc.com
Right now Jerry is giving away 2 FREE tools on his website. A "Rental Property Income and Expense Tracking Tool" as well as their coveted "Cash Flow Analyzer Tool."

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