You are probably sick of me banging on about this, but…
More and more people who’ve been sold houses on quit-claim deeds keep asking me for help.
And I don’t want this to happen to you.
The problem is, many investors are being misled by brokers who tell them their title company will protect them.
But that’s simply not true.
You see, a title company will only do what they are asked to do.
So if you do not ask them to check your title – they won’t.
And if the seller insists they sell to you on a quit-claim deed – they will.
The truth is, some unscrupulous real estate companies will control your whole buying process.
And the worst thing is, you probably won’t know what kind of deed you are getting until it is too late.
Because they will only give you a copy of the deed when you have completed your purchase.
How do they get away with this?
Simple – only the seller has to sign the deed – NOT the buyer.
Real estate attorney, Kenneth Silver of Hertz Schram, explains the dangers…
“[A quit-claim deed] is the quickest and easiest way to get a transaction done, with minimum risk to the seller.
It’s maximum risk to the buyer.
[Buyers] believe the house is perfect and doesn’t have back taxes. As a result, they may be in foreclosure three days after they buy the house.”
But that is exactly what happened to Jenny Payne.
You see, single mum Jenny bought her property on a quit-claim deed last year.
But because she bought on a quit-claim deed, she didn’t know she was liable for US$ 8,483 in unpaid property taxes.
And now she and her 2 children will lose their home to foreclosure.
Unless she can somehow find the money to pay the City what she owes.
It’s a sad story.
But you can be confident it won’t happen to you when you invest with me.
Because you will ALWAYS get a copy of your Warranty Deed BEFORE you complete your purchase.
And a Warranty Deed cannot be issued if your property is being sold on a quit-claim deed.
So if you would like to see what’s on offer in Detroit – just reply to me.
Let’s have a quick look at a few that are available right now.
Denby is in East Detroit next to affluent Grosse Pointe and Harper Woods.
A lot of money has been spent regenerating this neighborhood over the last few years.
Skinner Park was renovated at a cost of US$1,400,000 in August 2016.
It now has 2 basketball courts, a volleyball court, pickleball court and a mixed-use football and soccer field.
As a result it is popular with parents and children.
So there is high demand for rental property in this area and property prices are rising fast.
This property is 700 meters (0.4 miles) to Carleton Elementary School and 2km (1.2 miles) to Denby High School and Skinner Park.
The shops, banks and restaurants on Morang Avenue are just a 5 minute walk.
This house has 3 bedrooms, 1 bathroom, a living room, a kitchen, a 650 sq. ft. basement and a 4,792 sq. ft. garden.
It is on offer for US$ 41,995.
Your monthly rent is US$ 750.
Your net yield is 16.28%.
That’s US$ 6,837 in your bank account every year.
Want full details?
Simply reply to me.
Fitzgerald is in West Detroit next to upmarket Bagley and the University District.
It is a good place to invest because the neighborhood is undergoing a US$ 30,000,000 revitalization project.
That means there is plenty of demand from home owners and tenants.
So property prices and rents are likely to rise.
This property is only 1.8km from Marygrove College and a 5 minute drive to University of Detroit Mercy.
And just a 10 minute drive to Detroit Golf Club and Palmer Park.
The house has 3 bedrooms, 2 bathrooms, a living room, a kitchen, an 800 sq. ft. basement and a 4,792 sq. ft. garden.
It is on offer for US$ 54,995.
Your rent is US$ 850 per month.
Your rental yield is 15.04% net.
That’s US$ 8,269 in your pocket every year.
Want to know more?
Just reply to me.
Riverdale is in Northwest Detroit next to Old Redford and Rosedale Park.
The neighborhood is popular with home owners and tenants because it has a very low crime rate.
This means demand for housing is high.
And property prices and rents are increasing fast.
So you are likely to benefit from strong capital growth.
This property is 800 meters (0.5 miles) from Meijer Supercenter.
And the shops, banks and restaurants on Grand River Avenue are a 1 minute walk away.
The house has 3 bedrooms, 2 bathrooms, a living room and a kitchen.
There is also an 800 sq. ft. basement and an 8,973 sq. ft. garden.
This property is on sale for US$ 48,995.
Your rent is US$ 850 per month.
Your net return is 15.76% – after all expenses.
That’s US$ 7,723 in your hand every year.
If you’d like to know more – simply reply to me.
Remember all our USA investment properties are:
- Fully renovated – average cost of works US$ 20,000
- Freehold with full warranty deed
- Already tenanted with pre-screened tenants – you get paid from day one
- Professionally managed – your rent is paid on time into your own bank account
Plus, with our Detroit properties you get all this completely free:
- Free Title Insurance – value US$ 499
- Free 1 year Property Insurance – value US$ 495
- Free 12 month Home Warranty – value US$ 700
Total value = US$ 1,694.
I won’t offer you unrealistic guarantees which can’t be fulfilled, like some people I could mention.
But I do promise you…
- Your vacancy rates will be very low (last 3 years 3.58% average)
- You will always get paid what you are due
- I will stay right by your side for as long as you own your property
It doesn’t matter if it’s 3 months or 30 years – if you have a problem I’ll be here to help.
Because I know that if you get the returns you are expecting you’ll come back for more.
You might even refer your friends and family, if I’m really lucky.
And unlike many of my competitors I don’t charge you a finder’s fee, an enabling fee or an arrangement fee.
In fact I don’t charge you any fees at all.
So if you would like full details of what’s on offer in Detroit – just reply to me.
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