Investing in Foreclosure Real Estate - Detroit Michigan

Investors from all over the world flock to Metro Detroit Michigan to invest in foreclosure real estate. Recently ranked as the 7th highest foreclosure state in the U.S., Detroit values have dropped an estimated 42% making it an ideal place to invest in cash flow rental properties.

Many investors are grabbing foreclosures in some cases for under $10,000! But beware, some properties are located in less than desirable neighborhoods. Don't get sucked into what I call the "cheap factor." Just because an investor can purchase a cheap Detroit foreclosure doesn't make it necessarily a sound investment.

Usually these properties need thousands in renovations just to make them livable. One such company, Equity Services, LLC specializes in providing out-of-state investors with turnkey properties at wholesale prices. These properties are already renovated and rented and investors step right into positive cash flow.

Below is an example of a Detroit turnkey investment property: