This is the perfect opportunity to invest in up to 45% below market value Detroit property with guaranteed rentals backed by the US government!
With Gross yields of 21% +, all the properties are fully managed with complete hand-holding throughout the lifetime of your property ownership providing a totally hands-free investment.

With Gross yields of 21% +, all the properties are fully managed with complete hand-holding throughout the lifetime of your property ownership providing a totally hands-free investment.

Why Detroit?

Located in the upper Eastern portion of the United States, Detroit is the only major US city that looks south to Canada. Founded in 1701, it is now home to in excess of 5.4 million people.

Like many other US cities, Detroit, the largest city in the State of Michigan, is being affected by the economic downturn, which in turn has led to a shortage of affordable housing. Currently there is a waiting list of over 9,800 people.

Property can be acquired at very low prices, while rental returns remain high. Coupled with the high rental demand, Detroit ticks all the boxes for investors.

US Government backed rental scheme

All the properties are refurbished houses by Home Depot, converting foreclosed properties into clean, safe homes to provide working families with a higher quality of housing.

Working in conjunction with the US Department of Housing and Urban Development (HUD), the rents are either all or majority funded by the government. The properties are 3 or 4 bedroom homes and are located in stable established communities.

The properties are fully refurbished and sold at between 30% – 45% below the current market value.

The HUDs Section 8 Housing Choice Voucher Program (HCV) is seen as the best in the United States benefiting both tenants and landlords alike. The HCV program has been around since 1937 ensuring that tenants get quality maintained affordable homes and landlords get a quality tenant. Tenants are not just placed; they get to choose their home. This means everyone is happy, the tenant by receiving quality accommodation and the landlord by having their property for.

One Strike & You Are Out!

As a pose to the UK where unruly tenants repeatedly get re-housed, in the US under HUD and the HCV program tenants are routinely evicted if they do not respect the property thus protecting your investment. Any tenant evicted from a HUD home loses the right to join a HUD or HCV program anywhere in the US in the future. Tenants are therefore responsible for the general welfare of their home, and this system ensures that they do not abuse the property and treat it as if it were their own.

The property is fully managed for you on your behalf with regular inspections of your property by the management company and a yearly inspection by HUD. Furthermore the management company will secure a tenant for you and liaise with the tenant, HUD and HCV.

Detroit is a vibrant industrial area with a plethora of technology operations, from small business to multi-national corporations. Detroit Airport is one of Americas largest and has been recently modernised, with 6 runways, maintenance facilities to service and repair Boeing 747s and an attached Hotel and conference centre.

Metro Detroit serves as the headquarters for the US Army Tank-Automotive and Armaments Command. Wayne State University in Detroit has the largest single-campus medical school in the United States.

From 1997 to 2004, Michigan was the only US state to develop more than 10,000 major new developments. Contact any of our skilled advisors to learn more about the opportunities available in this very interesting market.