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High Return Detroit Property Investments

Foreclosure properties & real estate for sale in Detroit Michigan, USAe

Contact us now on 0844 745 1830

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Summary

Would You Like To Own A Property Investment Yielding Over 15% A Year With At Least 30% Equity?

  • 15%+ net rental yield

  • Government guaranteed rental income

  • 30%+ Below Market Value

  • 4 bed house for just $47,000 (£34,000)

  • Exclusive 60% finance package


In conjunction with our partners, Complete Property Investment are now able to offer exclusive 3, and 4 bedroom houses in Detroit, Michigan from just $45,500 (£33,000) backed by a management team with over 65 years of combined experience.

That’s 30%+ below open market value.

These properties are supplied to investors fully refurbished to stringent US government standards, with a tenant in place and an annual net rental yield in excess of 15%.

Better still, a minimum of 70% of your monthly rental cheque is government guaranteed.

Our partners have a support team based in the UK for all of your queries, and a team of hugely experienced professionals to manage all of your needs: legal, accountancy, property management, rent collection and resale.

How have we done this?

Our partners have secured exclusive access to a large number of bank-owned foreclosure properties (repossessed properties) in the Detroit area

All of these are 3 or 4 bedroom single-occupancy houses in well-established working class neighbourhoods in the City.

They ‘recycle' these usually uninhabitable houses, into refurbished, clean, safe homes that provide both a great investment and much-needed good quality affordable housing for the 8,500 families on the Government waiting list for a property. 

It’s a fantastic scheme that enormous benefits to:

  • You as an investor: exceptional monthly returns and capital growth
  • The environment: recycling empty properties rather than demolishing and rebuilding
  • The community: gives families much-needed homes and regenerates the surrounding areas

Why Invest?

Why Invest?

  • Prices from just $45,500 for a three bed house
  • 30%+ built-in equity Typically you can buy all of these properties at around 30% below the independently appraised value. This means built in equity of circa $25,000 from day 1 on a 5 bed house.
  • Secure net yields of 15%+ (approx. $7,500 net income per year from a 3 bed house) Net of all management fees, accounting, and estimates for tax and insurance.
  • Government-backed rental payments 80% or 90% of the tenant’s monthly payments are paid directly to you by the Department of Housing and Urban Development.
  • Tenants who will look after your property It is difficult for tenants to access the HUD scheme in the first place and if they cause trouble they risk never being accepted back on to the scheme.
  • Full management with GUARANTEED ZERO maintenance costs for 2 years 3 written inspection reports every year with photos and monthly inspection of the property when rent is collected. The management company have over 65 years of combined experience - 25 years of that is in managing property in the Detroit area.
  • Genuine Exit Strategies Sale to your tenant (who may be able to access a 100% government funded mortgage) or sale on the open market to an investor.
  • Discounted bespoke accountancy and legal services We have a power team of accounts and lawyers in place with whom we have negotiated discounted rates for conveyancing, LLC setups, tax returns and all other services that non-US investors require.
  • Re-Sale commissions from 0% We are so confident that you will make a capital gain on your purchase, we will agree to resell your property at 0% commission if it is sold at or below the appraised value.

How does it work?

How does it work?

The principle is simple.

We have secured exclusive access to bank-owned foreclosure properties (repossessed properties).

All of these are 3 or 4 bedroom single-occupancy houses in well-established working class neighbourhoods in Detroit.

We ‘recycle’ these usually uninhabitable houses, into refurbished, clean safe homes. We give you the opportunity to buy the house at approximately 30% below the independently appraised market value and benefit from government backed rental income.

The newly refurbished properties are then inspected by the Department of Housing and Urban Development (HUD). The property is guaranteed by our refurbishment team to pass the strict inspection.

HUD will then place a working tenant from the Section 8 program in the property.

Depending on the tenant, between 80% or 90% of the tenants monthly rent is then paid to you by HUD every month.

Our hugely experienced management agent collects the balance from the tenant monthly and ensures that any ongoing maintenance issues are resolved.

For the first two years, we offer a total peace of mind guarantee of zero maintenance costs.

To realise your capital gain, you can sell the property, tenanted, to another investor or offer your tenant the opportunity to buy from you. We will help you sell your property if you wish.

Pricing

Pricing

Please note:

  • Closing costs are estimated figures but are on the high side as they include all optional items and extra costs for purchase through LLC.
  • 10% deposit with balance due on completion
  • ALL client monies are held in an individual client escrow facility.

ROI

Return on Investment

Financial Illustration | Detroit High Yield Affordable Housing Program

Please note that although every effort has been made to ensure the accuracy of these figures, they are provided purely as an illustration for your convenience. They are subject to change without notice and do not constitute any warranty or guarantee of performance.

Listen to Q & A

Listen to our online Q & A session

We held an online meeting on the 2nd March to give interested investors a chance to ask questions directly to Mark Demby, director of the company behind the scheme.

All who attended found it very valuable so we have made recordings of the discussion available for download here - you can either listen to the whole thing or just the individual questions you are interested in.

Listen to the whole discussion
About the properties available
How are the properties valued?
What are the closing costs? Why do they seem high?
What are the Annual Running Costs and Taxes?
How does Property Tax work - who pays, how much is it? PLEASE NOTE: We now have a special deal whereby property tax is now payable at just 7% of the monthly rental income. This audio explains the normal situation for other investors buying outside of our package.
Capital Gains Tax in the US
What is an LLC and why buy as using one?
Are there certificates and guarantees provided for the refurbishment works?
Why is it not possible for a tenant to be in the property immediately after closing?

Current Properties

A Few of Our Currently Available Properties