Market Overview 2019
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The largest city in the state of Michigan, Detroit is probably known for the city where Henry Ford was a pioneer in the first production lines used to make cars. Although the City Engine has been hit hard by the recession, things are looking up in this real estate market, in part because of the following three factors:
- Two families of billionaires have pledged to roam the stormy city and seem to have succeeded. The downtown area has been completely revitalized and many of the dilapidated curves have been destroyed.
- Detroit is home to the big car companies “The Big 3” in the US and Canada (General Motors, Ford Motor and Chrysler), and the headquarters / corporate offices of 100 Fortune 500 companies, including: Penske Automotive, Quicken Loans, Kellogg, C 'Cozy Walmart.
- Still, prices are still particularly cheap in this area - you can still buy completely renovated Detroit prisons for around $ 80,000 (up to $ 50,000 in some cases).
Why invest here?
Detroit offers investors the option to purchase custodial properties for less than $ 64,000, which will rent at a median price of 1.18% of the monthly purchase price and also have a strong chance of stock growth.
Detroit Trends and Statistics 2018-2019
In this section you will learn about the three leading factors that make Detroit one of the most powerful real estate markets today, including: affordable apartment prices, strong rental income from rent and the potential for capital growth. Check out Detroit's housing, population and employment trends on the tabs to learn more.
Sources of information:
- Real Affiliate Data of a Real Wealth Network
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Known primarily for its annual balloon fiesta and as part of AMC's performance show "Breaking Bad," Albuquerque, New Mexico, is a metropolitan area rich in culture and naturally beautiful. Albuquerque is also one of the largest cities in the southwest of the city, with a diverse population and some of the leading high-tech research enterprises in the country, including National Sandia Laboratories, Intel and the University of New Mexico. At the same time, its cultural traditions continue to be an integral part of daily life in the city. With one foot in the past, one foot in the present and two eyes for the future, Albuquerque is a fascinating place to visit and an even better place to call home. (Source: (https://www.visitalbuquerque.org/about-abq/history/)
Is there already a strategy session? Visit the investors portal
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Lior Lustig CEO - Overseas Investors Forum
Lior Lustig is an experienced real estate investor who has been active in the field in Israel and the United States since 2007. Lior has extensive experience in purchasing and managing single and multi-family properties.
Lior currently manages the Real Estate Investors Forum, which owns a brand and interest in the real estate field, the Facebook group and the "Real Estate Forum in the United States" website. Lior is versatile in a wide variety of investment markets in the United States and provides solutions to investors through the company.