SOURCE : FORBES MAGAZINE
15 U.S. Cities’ Emerging Downtowns DETROIT #5
Detroit has suffered a bad reputation for years now, thanks to its weak economy and mass exodus of residents. “It’s a tale of two cities: the one that’s bankrupt and then there’s the one that’s revitalizing its downtown and attracting the ‘young and the restless,’” says Lee Fisher of CEOs for Cities. Detroit’s downtown is transforming in large part thanks to billionaire Quicken loans founder Dan Gilbert who has poured millions into redeveloping the area’s commercial real estate, relocating many of his businesses to the area. In 2011, five companies (Quicken Loans, Blue Cross/Blue Shield of Michigan, Compuware, DTE Energy, and Strategic Staffing Solutions) pledged more than $4 million to encourage and aid employees in buying, renting or remodeling homes in the area. It’s part of a larger initiative to attract 15,000 young professionals downtown by 2015, according to Forbes’ Joann Muller.
You read that right…Detroit is emerging to become a great downtown environment and many folks from all over the world are taking notice. There have been multiple stimulus programs to entice people and businesses alike to move to the downtown area of Detroit and open up shop!
Investors from all over the world have been parking their money into Detroit real estate and it’s more prevalent than ever today. The amount of cashflow and high ROI that Detroit Investment Property provides you is too hard to resist! Many millionaires will be created from this opportunity that is Detroit real estate!
With that being said, there is still time to take advantage of the low prices that Detroit real estate has to offer. Don’t wait until the last minute and prices have already risen….take advantage today and earn a 15-20% NET ROI on your money. Where else in the country can you do that on an all cash investment?