You probably know faulty electrics are one of the main causes of house fires.
Especially in properties built before 1990.
You see, older electrical systems simply aren’t designed to cope with the way we live today.
By the time your tenant has plugged in their 50” TV, washing machine, tumble dryer, microwave, hair dryer and radiators the system is overloaded.
If you are lucky it can lead to a power surge, resulting in a short circuit and a tripped fuse.
At worst, it can cause a fire as the wiring circuit overloads.
Most fires start in the winter months, as people are using heating appliances which use more power.
According to the US Fire Administration, there are around 28,600 electrical fires every year.
These fires cause US$ 1.1 billion of property damage and loss.
And they are responsible for 310 deaths and 1,100 injuries.
But you would be surprised how many companies don’t check the electrics when they refurbish a house.
We don’t think it’s fair to pass that risk on to you.
Which is why our licensed electrician (Tommy) checks the whole system to make sure everything is in good condition.
Anything that isn’t gets replaced.
It costs us around US$ 3,000 to completely re-wire a 2 storey property.
But I think you will agree it is well worth it to minimise your risks.
Because as I’ve said before, it is what happens to your investment AFTER you buy that matters most to us.
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.
Nortown is an established neighborhood in Northeast Detroit.
It is 15km from Downtown Detroit or a 19 minute drive.
Many people who live in Nortown work in Warren which is just a 10 minute drive.
This is because properties in Warren are at least 3 times the price of property in Nortown.
That means there is high demand for houses in Nortown and prices are rising fast.
This property is only 190 meters (0.1 miles) from high ranking Marion Law Academy and 1.7km (1.1 miles) from Cornerstone School.
The shops, banks and restaurants on East Seven Mile Road are a 5 minute walk.
This house has 3 bedrooms, 2 bathrooms, a living room, a kitchen, a 962 sq. ft. basement and a 4,791 sq. ft. garden.
It is on offer for US$ 44,995.
Your monthly rent is US$ 800.
Your net yield is 16.47%.
That’s US$ 7,410 in your bank account every year.
Want full details?
Simply reply to me.
Morningside is in Southeast Detroit next to affluent Grosse Pointe.
It is 16km from Downtown Detroit or an 18 minute drive.
A lot of money has been spent regenerating this neighborhood over the last few years.
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 200 meters (0.1 miles) from the shops, banks and restaurants at Mack-Alter Square and J. E. Clark Preparatory Academy.
Chandler Park Golf Course and Family Aquatic Center are a 7 minute drive.
The house has 4 bedrooms, 2 bathrooms, a living room, a kitchen, an 850 sq. ft. basement and a 6,534 sq. ft. garden.
It is on offer for US$ 59,995.
Your rent is US$ 950 per month.
Your rental yield is 14.97% net.
That’s US$ 8,983 in your pocket every year.
Want to know more?
Just reply to me.
Barton McFarland is an established neighborhood in Southwest Detroit.
It is 12km from Downtown Detroit or a 13 minute drive.
Many people living in Barton McFarland work in Dearborn which is just a 5 minute drive from this property.
This is because property prices in Dearborn are much higher than in Barton McFarland.
But it also means demand for housing is high.
And this is already starting to push up property prices and rents.
So you are likely to benefit from strong capital growth.
This property is 1.9km to Mackenzie Elementary Middle School and 1.2km to Laker Park.
The shops, banks and restaurants on Wyoming Avenue are just a 5 minute walk.
This house has 3 bedrooms, 1 bathroom, a living room and a kitchen.
There is also a 728 sq. ft. basement and a 4,792 sq. ft. garden.
This property is on sale for US$ 41,495.
Your rent is US$ 725 per month.
Your net return is 16.18% – after all expenses.
That’s US$ 6,714 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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