Over the past five years, investors, real estate companies, and developers have shifted their attention to the Detroit Metro real estate market, creating an upward trend in residential purchases and rentals. City officials and associated stakeholders have launched over a dozen programs and initiatives aimed at garnering interest from investors looking to find rental opportunities. 

Are you in a position to consider buying your first investment property? Congratulations! Relatively recent studies have shown that the average return on rental investments is almost twice as high as the average return on the Dow Jones market. You may be entering an excellent opportunity for a passive income stream to fortify your earnings.

Whether you’re new to investment properties or you’re
looking to add another property to your portfolio, you’ve likely considered
buying up foreclosure properties. Given the
difficult economic climate, a lot of homeowners are forced to walk away from their
properties, leaving the bank to try to reclaim lost money through foreclosure
sales.