We just do a lot of business in Detroit thats all. Our clients are happy with their returns. I, like you, am using this forum to educate people here about differnt RE markets thats all. I will be posting articles soon about Atlanta, Houston, Orlando, Dallas, and some others soon. I am busy with my business so I only pop in here every once in a while.

We do get those types of return because we are a small boutique firm. WE handle every aspect our selves. We are Americans,we live here in the states. We are the ones picking the tenants, cherry picking properties at foreclosure sales, etc. We have a lot more control over the entire process since we are here. We get properties at far far below…[Read more]

Hi
Yes we have an office on the ground in Detroit. There is both higher risk and reward in Detroit. Many of our clients have paid of their investments in 5 years doubling their equity.We manage our properties and hand pick stable responsible tenants. You have to be hands on, especially in Detroit. We buy properties, rehab them, and then get…[Read more]

I will agree with you in so far as to never invest in something that you do not understand, that by the way is Warren Buffett's motto. Texas and Florida are definitely good markets, I'd throw in Atlanta. What makes these appealing is that there is a migration of people moving from the North to the South. As the population ages and there are many…[Read more]

Hi Nigel
I know Detroit is definitely not a sexy place. But the  fact remains that people need a place to live even in Detroit. The US government is willing to subsidize apartments for the poor. The houses are dirt cheap, but the income is guaranteed by Uncle Sam. As long as, you have good tenants, things will go very well. This applies to IP in…[Read more]

The property market has definitely stabilized. I am here in the US. I have seen the prices drop by 40% from the top of the bubble in '07.
There is still some excess inventory that is laying around, but this has been due to a couple of factors.

The banks have been slow to lend in the current environment. They are sitting on their cash.

There…[Read more]