It’s about being in the right place at the right time.
The best companys are based in Detroit
Our houses are located in great neighborhoods
Detroit Economy is Booming
Detroit is one of the best cities to buy a rental property, already home to 100 of the Fortune 500 companies, including Kellogg, Quicken Loans, Whirlpool, Penske Automotive and Walmart. The city is still improving and growing year after year.
It is recognized as the automotive capital of the world. The metro area is home to General Motors, Ford Motor Company and Chrysler ( “The Big Three ” major automotive companies in the US and Canada) which offer a wide range of jobs and invest billions into the city’s infrastructure. Despite it’s longstanding nickname “Motor City” and the investment from the motor industry several of Detroits fastest growing industries are diverse as healthcare, defence , aerospace, IT and logistics. This strong consolidation of Companies from different sectors makes Detroit one of the top 10 U.S. cities for economic growth potential.
Tech giants such as Amazon and Google have recently opened offices there, taking advantage of the fact that Michigan has the highest concentration of Tech engineers in the nation with 133.000 statewide.
Michigan´s cost of living is 11% below the national average, making it the 4th most affordable state in the Country. Resulting in Detroit being the 3rd city in the country for attracting millenials.
This unique mixture is what makes Detroit a great area for Income Producing properties, that offer both high rental income and capital growth.
Why invest in Property?
Property investment remains the best and safest way to invest your money. Real estate property investment comes with numerous advantages that set it apart from other types of investments:
Every investor is driven by the same motivation – to make money! A property investment provides real estate investors with a stream of cash flow in the form of monthly rent.
Property investment has fewer risks than other types of investment because you are buying a tangible asset. The longer you hold investment properties, equity build with time. Property investment will always have value since they are physical assets.
Tax Benefits/ Deductions
Property investors are able to deduct expenses related to owning and managing an investment property, including property taxes, mortgage interests, insurance, and operation expenses. Not only that, but when property investors sell the property investment and reinvest the profits, they will exempt from certain taxes.
Hedge Against Inflation
Historically, cash flow and investment property prices have kept pace with inflation. This means that as the cost of living increases so do investment properties prices. This benefits real estate investors on three levels:
-As inflation increases, property investors can raise the amount they charge for rent.
-The value of the property goes up enough to cover for inflation.