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.
Buying your first investment property can be exciting, but
the process is completely different from buying real estate for personal
use. Personal real estate is often
bought with emotion and personal feelings but real estate investment requires
clear thinking with a singular goal in mind:
To turn a profit.
If you’ve had your ear to the ground with the Metro-Detroit
real estate market then you know that interest rates and home prices have
dipped into record lows. This presents
interested investors with a unique opportunity to jump into the real estate
game to turn over housing or invest in rental properties.