Metro population:

4.3 M

Median Home Income:

$ 26,000

Unemployment rate:

5.0%

Median House Price:

$ 80,000

Median monthly rent:

$ 942

The largest city in the state of Michigan, Detroit is probably known as the city where Henry Ford pioneered the first production lines used to make cars. Although the motor city has been hit hard by the recession, things are looking up across this real estate market, in part because of the following three factors:

Two families of billionaires have pledged to make the city a success and seem to be succeeding. The downtown area has been completely revitalized and many of the foreclosed properties have been renovated.
Detroit is home to the big car companies Big 3 in the US and Canada (General Motors, Ford Motor and Chrysler), and the headquarters / corporate offices of 100 Fortune 500 companies including: Penske Automotive, Quicken Loans, Kellogg, Walmart Whirlpool.
Still, prices are still very reasonable in this area - you can still buy renovated and luxurious homes in Detroit for around $ 80,000 (up to $ 50,000 in some cases).

Why invest here?

Detroit offers investors the opportunity to purchase assets up to $ 64,000, which will rent for a median of 1.18% of the purchase price each month and also have a strong chance of a price increase.

# # Entrepreneur of the Week - Post Number 3 # The decision to leave the comfort zone in the coveted position,…
Real Estate

# # Entrepreneur of the Week - Post Number 3 # The decision to leave the comfort zone in the coveted position,…

# # Entrepreneur of the Week - Post number 3 # The decision to leave the comfort zone in the coveted position, the meeting at the restaurant and the birth of "Investo" Yes, I missed the crisis in 2008. I was too busy with activities in Israel Excellent ground floor apartment (remember the first post?). From there, I discovered the United States in 2011. It is not…

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The United States Real Estate Forum connects you with select and experienced American companies that specialize in turnkey properties. These companies locate, renovate and manage the properties in each of the countries in which we work. To connect to the assets of these companies, you must arrange a strategic meeting with us or leave details in the form at the bottom of this page. 

 

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Lior Lustig

Chief Executive - United States Real Estate Forum

Lior Lustig is an experienced real estate investor who has been active in the field in Israel and the United States since 2007. Lior has extensive experience in the purchase and management of individual properties and buildings.
Lior currently manages the Real Estate Investors Forum, which owns a real estate brand and for that matter, the Facebook group and the "US Real Estate Forum" website.
Lior is knowledgeable in a wide range of investment markets in the United States and provides solutions to investors through the company.

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