Don't miss out! 4 bed Detroit colonial in great neighbourhood! To be rented at $900 pcm

Ref: US135
Selling Price: 44 000 USD
Price: £ 28 735 / 42 490 AUD
Area: Detroit

Property size: 1307 sq.ft.
Bedrooms: 4

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Description property in usa

A chance, right now, to buy American proper for a FRACTION of true cost

If you’re looking for big returns in property, forget ordinary markets. Markets probably like your own. Putting recession to one side, a return over 5% is unusual after costs.

Foreclosed American property for sale

“The big money in property is found in unbalanced markets”

Uncle Sam’s selling off the silver

We’ve been working intensively in this market for some time now, but just can’t get used to the low prices of some foreclosed properties. Insanely low! Decent, 4 bedroom, detached family homes, on good streets vacated by families who couldn’t pay their mortgages. Then the bank or lending institution wrote off the mortgage of $70,000, $100,000, even more and unload the property for a fraction of that debt. Even far less than currently depressed open market value.

Imagine running a business and selling off your goods for 4 times less than what you bought them for! You’d be bankrupt in no time. So, how on earth can they afford to do that? The answer is in government subsidy. Billions have been poured into the top of these financial institutions to stop them going bust and giving the American economy a really cold bath. That wouldn’t be good for re-election.

As then, as if chucking billions at these financial companies isn’t enough, the government is giving away subsidies of up to $8,000 to people to buy them, AND in some cases, subsidising tenants to pay rents! No wonder prices are moving up at an accelerating pace on these properties.

To grab your share of the free government money just purchase one of our foreclosure houses. Such as this great house on Monica street, Detroit. By doing that you avoid all the pitfalls associated with foreclosed homes, such as attached debts, poor neighbourhoods, complying with strict and varied city ordinances and getting good tenants. Everything is taken care of by us. We have the infrastrucutre in place to provide the right product.

At present, we are focusing on the Detroit area in Michigan, as that area has been the most oversold in our opinion and rents are good. Other Investors in the US and abroad are following us, as they wake up to the opportunity. Detroit has bottomed and is starting to rise again. A new major is bringing out the broom to slash costs. Lots of government aid to clean energy car manufactures is in the pipeline. The glut of foreclosed homes is clearing.

This house has been carefully selected to be perfect for rental. It’s a decent street, attractive to prospective renters. A good solid brick built property, with 3 bedrooms. Please note that all pictures here are PRE REFURBISHMENT. The house is being refurbished and will be conveyed to you in good rental condition, completely repaired, re-painted and carpeted.ed and carpeted.

Property specifications:

Below are the room sizes for this property on Monica St in Detroit:

- Bed 1: 11x12

- Bed 2: 11x11

- Bed 3: 09x10

- Bed 4: 12x10

- Kitchen: 21x10

- Living room: 11x21

- Dining room:

- Bathroom

- Full size basement

- half bath

Total accommodation on offer is 1307sq.ft foot. View the pictures below to see maps of the location of this property.

A hand’s off, turn-key, investment

Let’s be clear about this investment. You don’t have to live in America to own and rent it. You don’t have to be an American citizen. As long as your name doesn’t end with Bin laden, there’s no problem at all.

You don’t even have to visit America to do the legal stuff – the property is just Deeded to you. And be assured that all properties sold by our company have gone through full title checks by specialist Title Company. The property is sold Freehold as an up and running investment. We have ironed out all the little hassles that inevitably crop up on newly bought properties (cutting lawn, asking neighbours to let us know if there’s a problem, dealing with utilities kind of thing). You just arrange to receive the rent.

And you shouldn’t have a problem owning and renting your American investment property without visiting. We have a proven rental service that seamlessly takes over from our builders, who select the right tenant for your property. And there are no shortage of tenant applicants. In fact, we are inundated with people looking for good houses like this one. So it’s just a matter of checking credentials and selecting the right person .

Download the Income and Expenses for this Property