| Why Detroit? | | | | employers for the state, Barack Obama is also |
| Detroit is the largest city in the state of Michigan with a | | | | pledging billions into a bailout plan to keep the car |
| population in excess of 5.4 million people. Due to the | | | | industry alive. |
| current economic downturn, this has led to a shortfall | | | | Huge rental demand that is government backed |
| of affordable housing and high numbers of families | | | | More home foreclosures, fewer homebuyers and |
| needing quality homes. | | | | stringent lending criteria means the demand for |
| The most foreclosures - the biggest discounts | | | | residential rentals is drastically increasing in Michigan. |
| Michigan has some of the highest numbers of | | | | With over 30,000 people approved for the (HUD) |
| foreclosure homes with over 10,000 properties being | | | | scheme currently in unsuitable or temporary |
| repossessed so far. This has meant that greater | | | | accommodation looking for homes to rent. There is |
| discounts can be achieved than in other states such | | | | also a 2 year waiting list for people looking to join the |
| as California, meaning investors get so much more for | | | | department of Housing and Urban Development |
| their money. | | | | program. |
| Property prices | | | | Tenants who will look after your property |
| Property prices have bottomed out, there has not | | | | The department of Housing and Urban Development |
| been a better time to buy in the USA as prices haven't | | | | also operates a zero tolerance policy, meaning if a |
| been so cheap since the great depression of 1937. | | | | tenant is evicted from their home for any reason they |
| Presidential support | | | | lose entitlement to the program again in the future in |
| President Barak Obama has pledged billions of dollars | | | | any US state. Tenants are therefore responsible for |
| in support to the regeneration of Detroit under the | | | | the general welfare of their home and this system |
| American Recovery and Reinvestment Act 2009. This | | | | ensures that they take care of the property and treat |
| will mean good long term prospects for Michigan as it | | | | it as if it were their own. |
| has the largest amount of money being invested to | | | | Genuine Exit Strategies |
| kick start the economy. | | | | With options such as 'land contracts' and tenant buy |
| It is the home of the car industry | | | | back schemes, we have many ways for you to get |
| With the added benefit of Detroit being the home of | | | | an immediate return on your investment. |
| the American car industry which is one of the major | | | | |