American property for a FRACTION of the true cost.

PRICE REDUCED FOR A QUICK SALE

Property prices haven’t just declined in certain places in America, they’ve collapsed. And right now they are at rock bottom. In fact, like all boom and busts, they’ve overshot and are frankly at silly levels. So low, that we just can’t get our head around how cheap the price is.

Simply speaking, it’s now the best value property in the World. And all the more amazing when you consider this isn’t in some third world country, but America. Still the world’s number one economy! Think this situation will last long, it won’t. Local investors are buying up such properties, but a few can still be found.

The property below is for sale at only 10,000 USD (approx £6,000)! Crazy, we know, but that’s the opportunity brought direct to you now.

A genuine opportunity…
There is no catch, just a freehold detached property, with clean unencumbered title going for practically nothing. However, such property cannot be picked up anywhere, or by clicking away on the internet. We have done a lot of work on the ground in the USA searching for this bargain and others. We have avoided cheap properties that come with attached liens and debts, or in poor neighbourhoods.

US052 – Flanders, Detroit MI 48210 = 10,000 USD

• 3 bed detached house, suitable as a family home
• Good location in middle class area, nice tree lined road
• House size = 130m2
• Plot Size = 390m2
• Garage to rear
• Garden area to front and rear
• 3 bed, 1 bath, living room, kitchen, dining room, basement
• Sold with vacant possession
• Annual property tax = approx 2500 USD
• Rental return = approx 400-500 USD / month

This property has been secured and winterised with boarding which is good to deter any damage. There was some fire damage a short while ago before it was secured. You can see this in the photos. The house does need renovation, but structurally the property is in good condition. Inside the property, a new kitchen and bathroom are needed so expect to spend 15-18K bringing this to a rentable condition. This may sound like a lot but the property itself is so cheap any money spent on improvement will reap the benefits.

Some small fire damage but the property has now been fully secured ready for renovation

US052 is situated North-West of the East English village area of Detroit but still close to the famous Grosse Pointe area. The area is a popular rental location and in a location that is being targeted by government grants for tax credit of up to $8000 for US citizens. The average list price for similar homes in the immediate area is 71,419 USD!!

Get your gift from Uncle Sam…
How can houses be sold for so little? The answer is public money. The banks can afford to write off mortgages of $70,000 and more which were typically held on these houses because billions of government money is being poured into their businesses. In short, the American government is subsidising your investment!

Good rental:
With updating and some renovation, this property should rent for at least 400-500 USD a month. It’s a middle class area, and it is the only repossession property in the street.

Ownership
Note: Property taxes are already Paid (up until December) and included in price. Taxes are reasonable on this property and will be only approx 2500 USD per year!

Buying process
One of the great things about buying in America, is the simple buying process from anywhere in the world. A preliminary contract will be sent to you to sign and then once the balance is paid you will receive title by means of a deed transfer and the property will be registered in your name locally. Total buying cost is only $500. No hidden extras. Ideal low cost if you wish to quickly re-sell. The deposit is non refundable so please ensure you are serious about buying before going ahead. Process summary…

1. Reserve with 2000 USD and pay Notary fee of 500 USD
2. Preliminary Contract sent to you to sign and return within 48 hours.
3. Pay balance to USD Client Protected Account in the UK within 3-4 weeks.
4. Title Deeds will be signed and transferred into your name and registered in the US.
5. Registered Deeds and keys will be sent to you once registered.

Summary
This is a clear opportunity to buy at the bottom of a property market and reap the benefits as the market continues to recover which is already apparent. This property does require renovation but we can provide a refurbishment quote and services to renovate the property to a good standard ready for rent.

Once renovated we can offer the services of a rental management company who will secure a tenant. This property is excellent value and will provide you with a unique profit opportunity. Providing tremendous upside in capital gain, in addition to suburban rental demand. Needless to say, there are many many investors who would snap up such a bargain, so don’t delay!

Once you have rented the property out for a couple of years, why not mortgage it? Credit is available in America, as long as you have good security in your property, credit history of over a year in the US, and tax returns filed for 2 years. As you are buying well below market rate, it’s likely you will recoup your money.

Even take cash out after a couple of years! So owning a good property at no cost to yourself!