Detroit, Michigan has one of the highest foreclosure rates in the country. While this is never a good thing for the local economy, it is a great opportunity for investors to make good returns on their investment.
Investors typically look for one of two returns when investing in real estate; cash flow or appreciation.
Detroit is a cash flow market. In other words, we at Photon Properties expect your investment to pay off on a monthly basis as renters in your property pay off your mortgage for you and give you cash flow on top- for returns far greater than you can get in other markets in the country.
Feel free to check out other links on our website that give you some up to date information about what's going on in and around Detroit. From what we hear about and read about and even "feel" while we are purchasing REO properties and rehabbing them for our clients- is that Detroit will be on the rebound within the next few years. More and more companies that are not related to the struggling auto industry are moving into Detroit- the infrastructure is there to support them and the pricing is right. This will continue to drive the local economy upward and your investment will likely pay off with appreciation as well as your initial superb cash flow numbers- something rather unheard of in the industry.
The bottom line:
Photon Properties buys REO properties from banks (NOT distressed homeowners!)
We find investors like you who want to diversify their portfolio and get some cash flow from their investment.
We rehab the property with local contractors who are on top of their game in Detroit. We use durable materials and warranty our workmanship for one full year after purchase.
We sell the property for a minimum of 20% below market value- so at the close of escrow, investors enjoy a significant gain in their net worth!
We help investors connect with local property management companies, insurance brokers, mortgage brokers , title officers, and many other resources to make the investment as simple as possible. In fact, most of our properties are actually rented out at top market value with screened, solid tenants before the close of escrow!
Photon Properties, LLC and its employees are proud of what they do for the City of Detroit and for its investors.
Please fill out our contact page information or give us a call if you would like to find out more about investing in cash flow properties.
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