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Investment opportunity in Detroit
It's no secret that the city of Detroit was hit very hard by a crisis in the United States. A lot of people have lost their jobs, which says they couldn't pay the mortgages they took, so their homes were foreclosed by the banks, resulting in house prices falling to low prices since the crisis in 3991. Nowadays even if people can afford to take out mortgage banks are afraid of releasing loans so there is no choice for those people to just rent homes. That means there is a huge demand for quality home rentals in good areas. Now is the right time for an investment advantage in the US and Detroit in particular Detroit is starting to recover quickly. The unemployment index is declining. Home prices are steadily rising. But house prices are still as low as 3991. Therefore, due to low house prices, high yields of 31-33 and higher can be obtained. Many businesses are investing millions of dollars today in the city of Detroit. Even Israeli pension funds invest in the US and Detroit and of course they know why. As soon as banks start giving home prices loans will rise and this opportunity will go away. What's the offer for you? Today you can buy a one-bedroom home, living room, kitchen, dining room, huge basement, and mid-size Detroit car parking at 1 percent less than the market price before the crisis and sometimes even greater difference. These homes have all been renovated and with tenants who pay monthly rent regularly and are managed by a management company, properties that give returns of 31-33% and even more. In some homes, a non-bank loan of% 06 can also be obtained from home value. The management company does all the handling of the property for you from: collecting the rent to dealing with the problems of repayment of payments to property taxes, property insurance and other transfer of funds to your bank account every month. When you have access to the 7042 management company website for 24 hours to check the status of the property. Height of rents Rents can range from $ 256 to $ 3666 and even more depending on home value and the area where the home is located. When the value of houses ranges from 666,05 $ to 666,05 $ to value, the return on property ranges from 01% to% 01 net and even more. High rise in house prices Home prices have risen over the past two years. According to the Detroit Brokers Association in the Detroit area, there has been an average increase of 37 in recent months of% 2.2 and the average of homes has reached about 666,26 $. This is a price that is very low from 7665 when house prices have averaged $ 666,327, which leaves you with some future profit in the years to come. In September 7633 was up% 7.2 compared to the previous year. In October, 7633 sold 320,0 homes compared to 921,1 in 7636, which is up 2.0%. So it is clear that as the economic situation improves and banks start lending home prices will go up significantly. Interest that shows that you can earn a steady rise in prices and can sell the property at an attractive price in the future, in addition to monthly income and high returns each month from the rent. How can you tell that the house you are buying is properly managed? A professional management company with expertise and years of experience will best manage your home. They will find you a new tenant when needed. They will make sure the house is maintained at a top quality and for the good of the tenants. They will collect the rent and make sure to transfer the money to your private account in the country or in the sand at your request. Above all, you will have access to 70 hours a day every day of the week and you can call and get up-to-date information and you will also have direct access to a management company website with a private code that you can use any time you want and check the state of the home contracts signed with renters, receipts such as city taxes and insurance And the money paid and more. Location Location Location…. As in any city, there are better and less good areas. The properties offered by us are all in good areas of average Detroit suburban population. They are all close to major roads, good schools, and in desirable neighborhoods where renters want to live. We can provide the exact address so you can see the home through Google. What types of assets can you buy? 11114 Engleside Drive, Detroit, MI 48205 Sold in 5112 at a price of 111,012 $ Colonial home will beautify red 1 bedrooms, shower, living room with original fireplace, dining room, basement and covered parking, and this is exactly the home style you can purchase. Recently extensively renovated including electrical systems, plumbing, heater and hot water heater, including color in two light and soft shades. The home location is located in the College Park neighborhood on the outskirts of Detroit in an area of average population. It has access to major roads and a short distance to schools and shopping centers. Recently Sold Home Sold in 7665 at 666,365 $ Today You Can Buy It at 566,09 $ and Save 566,55 $ The Monthly Return You Will Get Every Month on Rent is 33% and by the attached table Price Purchase 566,09 $ Annual Rental Amount 666,9 $ Municipal Taxes 053,7 Management fee% 36 966 $ net annual rental 009,5 $ net return% 33 Average rental is about 33% and more. Net rent after deductions from property tax management company (in the US the property owner pays property tax) and property insurance. All properties are sold with a tenant already in the property which means that you get paid immediately after registering the rights to your name on the taboo. How are rents paid? The rent is paid to you every month directly to the bank account wherever you choose in Israel or abroad. There is an option for those who want to open an account can be done for him even without traveling to the US for an additional fee of about $ 266. Transferring to an American account is of course preferable to avoid high fees for transferring money and converting to NIS. Professional and highly experienced management company The house will be managed by a professional and highly experienced management company when every tenant before entering the house goes through a very thorough review and review of his financial condition (he must have at least 1 income from his monthly rent (including his bank account status) And, examining his criminal status and even the management company asks him for details about the previous landlord and calls to find out details about his past and financial conduct regarding the rental, and only after the tenant has passed all the comprehensive checks and meets the requirements for renting the house does he pay a deposit in addition to the monthly rent. Management Company: Collect the monthly rent. You will pay you rent after direct expenses to your account. Advertise your home for rent after a tenant comes out and check the new tenant thoroughly. Provide 24/7 response to any problem and repair at home. You will provide an access code for checking your property on the company website. Review and provide you with a property inspection report if needed. The ownership of the property goes by your name and is registered in the American taboo and you will receive documents on it. Terms of payment for the purchase of the property in the first stage you will be asked to pay an advance of $ 666,5 to the title company (a company that transfers the rights in the property in your name (in the second stage you will usually complete the payment difference at the closing stage after about 73 days). Financing You can get financing of 06% of the value of the property in a non-bank loan) at a higher interest rate than the interest rates in the banks - when in other companies it is not possible (opening a company in the US - LLC you can open a company that is a kind of partnership Legally and that too at an additional cost of about $ 566 Why should you invest now? High Demand for Quality Assets Recently, we are witnessing the fact that every home that is in good condition for sale is offering over 36 offers to acquire an interest that proves that there is an increase in demand for Detroit and its metropolitan properties. And the assets are selling at a very high rate. Examples from the field A couple of friends who came to Detroit from Chicago to look for an investment property were sure to build a wealth of homes without demand, but they surprised how many bids were made on a property they were bidding for. Another investor, confident that the market was full of assets and low demand, realized as soon as it came that many demand and the house he wanted to purchase were offered 2 additional bids. Such stories are very common in Detroit and surrounding areas recently. Why invest in Detroit? Detroit is the largest city in Michigan. The Detroit metropolitan area consists of 0 counties and is the 33rd largest in the entire United States with a population of. Souls 0,061,012 city is best known for its car industry. It's no secret that the crisis that hit the US hit the car industry the hardest: Ford, General Motors and Carzlair, causing them a severe economic crisis. Prior to the crisis, 75 earned $ 1 trillion and was left with a severe financial crisis. General Motors went bankrupt and the US government bought a 03% stake and the rest were bought by the Government of Canada, the Medical Foundation and the Automobile Workers Union. Chrysler was partly acquired by Fiat all of which did affect the city of Detroit before the crisis. The car industry employed 345 of all employed persons of 566,26 people and indeed due to the Rabip crisis they were fired and lost their homes but since then the city has begun to thrive and the car industry is back to star. Ford reported in April 7633 a profit of 5.7 billion dollars which is a high profit since 3999. In October, 7633 Chrysler reported a quarterly profit of 737 $ 1 million and a forecast of 066 $ 1 million in earnings this year. In February 7633 General Motors reported earnings of 2.0 trillion dollars the highest profit in a decade. Economy and Employment In Detroit's 7636 metropolitan region reported an increase in economic output of 0.392 $ 1 billion. Also, there has been an increase in the number of employed persons in Detroit since March 7636 of 10. The car industry that currently has 25 thousand employees reported two years ago and even today the hiring of new employees and according to reports from the car industry authorities by the year 7635, the number of employed in the auto industry will be increased to another 666,10 jobs. In addition to the automotive industry, many high-tech companies have entered the Detroit metropolitan area and are engaged in biotechnology, nanotechnology, technology information and more. In addition, leading companies that are part of the 566 richest companies in the United States have located their headquarters in Detroit. The leading law firm in the United States, Miller Kanfid Padok and Stone, also located their offices in Detroit. Many businesses are investing billions of dollars in the city and are still being poured into the city's economy. Most importantly, these are not state funds from industrial and business companies. In August 7636 the largest U.S. lending company relocated its 666,0 employees to the city of Detroit. A huge medical center has stated they invest $ billions of dollars in the development of the Detroit Medical Center in Detroit. An issue that has increased the amount of employment and demand for new employees at 666,37 thousand and will result in positive immigration to the city not to mention the five hospitals in the city of Detroit. Hollywood in Detroit The film industry makes a lot of movies in the city of Detroit and the state encourages this industry by tax refunds for producers at 72% interest that brings more productions of well known films like: Scream 0 produced in 7633 Laugh out loud produced in 7633 Real theft also produced in 7633 and many others…. Casino The casino brings a very large tax revenue to the city of Detroit. In 7636, the three major casinos in the city brought in 12.3 $ 1 trillion in interest, bringing 7.99 $ 1 million in income from the city from tax payments. In 7669 two of the 1 casinos and hotels in Greektown, and Bok Cadillac were extensively refurbished with an investment of 075 million and another 766 million. Investing in Detroit city infrastructure is considered a major U.S. transportation hub. The city has 1 international borders that cross the city: the Ambassador Bridge, the Detroit Windsor Canal, and the Central Michigan Canal, all of which are kissing and moving to Canada. The Ambassador Bridge is the only business bridge in North America that leads through the US 72% from the US to Canada. The U.S. Department of Transportation trains announced in October 7633 that it would invest $ 1 million in Michigan at Michigan's fast-moving bridge between Detroit and Chicago. Michigan State Governor Rick Seinder announced: “Investment in rail services will accelerate economic development in communities and create a corridor between the two major cities in the region. A high-speed train between the two cities is a top priority and essential for Michigan and the younger generation to develop the economy. ” Roads Six major highways serve Detroit's and surrounding areas. All freeways connect the city with other important states and cities in general and Canada in particular. Air Traffic has a plan for establishing the largest airport in the city of Detroit. Today the city has 7 largest airports in Wayne County and the largest leading to the northwestern United States. New Generation In 7662, the city of Detroit announced the allocation of 166 $ 1 million in improving and rebuilding neighborhoods and creating new jobs. The funds come from stock sales as well as tax payments and most of 1 city casinos. Recently, a new white mayor in Detroit, with huge management experience, was also elected, which is rapidly accelerating the city and is already seeing results in neighborhood rehabilitation and city cultivation in addition to encouraging business investment, a matter that is boosting employment and positive immigration to the city. Detroit is the 9th largest city in the United States in July 7633 The city was ranked as the 9th richest city in the United States. A magazine that reports on the ten richest cities in the US writes: “The automotive industry grew after the crisis and brought the city to 9th place in the number of richest cities in the US with a 0.1% increase of the richest people in a total of 666,97 people in 7636, compared. 7669 in man 29,366 Window of Opportunity… Today you can purchase a quality property of a beautiful colonial house from 1-bedroom red bricks, living room, canary fireplace, covered parking, in the middle class population area for half or less of the price this house sold a few years ago . The houses are all renovated, rented out and yields between% 33 and% 30. This price is of course net after the reduction of property taxes, insurance and management fees. The key points are: houses priced at $ 666,05. Already rented gives a return of% 33 or higher. House prices have been low since 3991. High profit increases in property value in the coming years. Renovated houses in the last year. High-quality red brick homes of 1 bedrooms, living room, parking and more that meet the stringent standards of the American government. Homes ready for immediate investment. A highly experienced professional management company that manages the home for you. Are there any additional expenses? Legal expenses for inspecting the house and transferring the rights of Teitel Company, which are similar to an attorney, will conduct comprehensive inspections and make sure that the house is clean without any debts. They check the sale and the contracts and give you a list of all the home expenses. The average payment to the management company is around 106. $ Title Company is secured under US law and the funds transferred to it remain in trust until the transaction is closed. Management fees The monthly management fees are at the rate of% 36 of the monthly rent received and the management company offsets the amount of the rent before it transfers the difference to your account. Property Taxes Property taxes are paid by the landlord in the United States and must be paid twice a year in January and August. As elsewhere, the municipal property tax is paid to the municipality for the collection of garbage roads, and more, when the average price for the municipal property is about 666,7 dollars a year. Property insurance insurance is a must to avoid unpleasant situations and so insurance moves around 066 dollars a year. Taxes on rental income In accordance with US law,% 36 of the rental income must be paid to the U.S. Internal Revenue Service, and for this purpose, the Internal Revenue Service provides you with an American ID number to pay the tax payable once a year. Your Exit Strategy to Get the Best Investment The Exit strategy should be after between 5 and 36 years, when according to the estimate and forecasts after about five years the house will increase its value between% 56 and% 366, ie after about five years the house will return the investment. House prices in the Detroit metropolitan area and in Detroit itself are rising from month to month and from year to year and are considered among the highest cities in the rise in prices in the US after the crisis. Today there are still homes for purchase, but the quantities are noticeably reduced. As house prices rise and the economy fully recovers, there will be a huge demand for such high-quality homes in these areas. Remember that you will receive a return of between% 33 and% 30 and more so that you receive your investment money after approximately 0 years and will still own your home. What's your next step? 3 Choose your home Choose the home you want to purchase and start a purchase process. 7 Fill in and complete the order page If you need help filling out the form, you will need help and we will be happy to assist you and we will send the order page to the property owner's company by email. 1 Pay Down Advance Pay down the down payment of 566,7 dollars and transfer them to the Company Company at the address we provide. When your down payment arrives, your chosen home will drop off the shelf and enter into a purchase process by you. All purchase funds are transferred to a Teitel Company escrow account until the closing stage. 0 The Company Company conducts tests The Company Company conducts house inspections and checks for any debts and 4 or other problems when at this time the company is insured by the Company Company. 5 The Company Company deals with the contract The Company Company prepares the contract and all calculations of the payments and transfers you to the signature. 0 Closing the Deal The Company Company is requesting that you send the balance of the amount, including the home registration fee, on your behalf. It usually takes about a month for the house to register on your name in the American taboo and you receive the official documents by mail. 2 Receiving rent You start receiving rent offsetting the monthly management fee that is transferred directly to your account in Israel or abroad at your request. Bonus There is an option to receive the service to open a company in the US in your name for an additional fee, including opening a bank account in your name in the US.
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