Why the smart money is on Detroit buy to let real estate investment
Good news as the rebirth of this once great motor city continues to gain traction, with money pouring in to Michigan's greatest city things are looking up for Detroit. As the revival grows Detroit is becoming a magnet for outside investment, and there are great opportunities in the residential real estate market.
Detroit tech companies are expanding at the same rate asSilicon Valley, start-ups are on the rise and the rebirth of motor industry, alongside the urban gentrification of the riverside and the redevelopment of iconic buildings means that the mood is upbeat. Detroit is even attracting New York hipsters, priced out of Brooklyn who are keen to take advantage of the business opportunities and cheap rental housing.
An Emerging Market that happens to take dollars
Detroit is expected to grow at 2% higher rate than the rest of the US and as Sandy Baruah, CEO of the Detroit Regional Chamber, said that Detroit has been described as "an emerging market that happens to take dollars".
Indeed Detroit is now seen as a rare growth area within North America with lots of potential at low cost, making it a very attractive region for investment and the real estate market is ripe for investment.
Good Quality Low Cost Housing from only £20,000.00
What better time than now than to get in on the act and buy good quality, low cost, high yield rental properties. We have some amazing opportunities including beautiful, brick houses for only £20,000 fully tenanted and managed by professional management companies.
Ready Made Portfolios of low cost, high yield three house multiple buys for only £67,000.00
Increasingly clients are looking for ready-made portfolios and we have put together some amazing package deals of low cost, high yield multiple buys in good quality areas. For £67,000.00 you can invest in 80% of three fully refurbished houseswith finance, land contract with a year guaranteed rental and a year's maintenance guarantee. With NET yields of 20% the first year's rental income pays for the rest of the investment and with our track record of over 99% tenancy for our properties means that your tenant is likely to stay put.
"The time is now to invest in Detroit, and if Warren Buffet says he'd invest inDetroitwho are we to argue! There are so many great opportunities for overseas investors keen to get in on this growing economy. We are lucky enough to great contacts with suppliers of good quality housing stock that comes fully tenanted", says Darren Brown, CEO of PCG Invest.
Ends
For further information please contact: Caroline Ratner Communications,caroline@carolinecomms.com020 8209 0120
Notes to editors
For other reviews of the service provided by PCG Invest please go to Trust Pilothttps://www.trustpilot.co.uk/review/www.propertyconsultantsgroup.com.
PCG Invest provides income ready property investments in the US for overseas investors. For more information about how the process works please go tohttp://www.pcginvest.co.uk/property-management.
Before you complete on any investment within our buy-to-let sales portfolio you will be provided with:
proof of the rent being paid since the tenancy began
the current lease agreement,
a full internal property inspection with video walkthrough if required,
a clear title statement showing the property is clear of all debts and encumbrances
and you will be connected to a professional management company to look after your property and tenants.