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Article by RobertBaker
property investors can make guaranteed rental income in Detroit! ? Real Estate
Detroit is the largest city in the State of Michigan and one of the most important cities for research and development in manufacture in the US, attracting over half a million high tech workers, the 4th highest figure in the US, including the 70,000 in the motor vehicle industry.However, despite the on going government investment in the city?s economy and infrastructure, a move in urban sprawl to the suburbs and the recent housing crash has left the metro Detroit area with a lack of good quality affordable homes.The Detroit property market is now fighting back with the assistance of the Department of housing and Urban Development scheme (HUD), plus a group of city officials, business people, politicians and property investors. The USA president Obama has himself pledged to support the regeneration of Detroit in the American Recovery and Reinvestment Act 2009.
investment properties at Real Estate Matchmaker
property investors can now take advantage of an ethical investment that recycles houses, changing foreclosed and uninhabitable properties back into properties for the employed, low-income bracket. Currently the City of Detroit has a list of over 9000 people waiting to be housed via the HUD programme Detroit investment property is a very hot topic at the moment as a growing number of shrewd investors are benefiting from the very low property prices and massive rental opportunities backed by the US government HUD programme.The houses available are currently 40% BMV and can generate rental yields of 20%+ p.a.
investment properties at Real Estate Matchmaker
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Source: http://realestateinvestingfacts.com/blog/6435/property-investors-guaranteed-rental-income-detroit/
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