Real estate investment is the top choice among smart investors (especially offshore properties) as an alternate investment but this can also be tapped into by an average individual which is the secret I am about to expose to you. Very few investors utilize the power of Real Estate Investment as a means to create steady and structured cash flow, source of access to regular and legitimate foreign exchange (especially Nigerians) and an investment which could provide excellent above average rates of returns from 7.5% to 14%. Now let me break it down for your clearer understanding, as a real estate broker with many years of experience coupled with a partner whose background is in finance and alternative investment, we are in partnership with an international property development company in Detroit, USA with the sole aim of providing world class level of services to international investors looking for a high return on their investments. Furthermore, we have chosen to focus on Detroit USA because the city is not only giving investors an opportunity to acquire residential assets at attractive prices of between $45,000.00 and $65,000.00 with monthly rental income of about $1000.

We strongly believe that the safe, high return and affordable nature of Detroit properties, coupled with the FX issue in Nigeria (resulting in an interest in dollar denominated returns) makes this investment a strong proposition for the Nigeria market and I would like to give you all the information you may require about this great opportunity.

How it Works

The Detroit based real estate developer partner acquire residential properties, refurbish them and then subsequently place a tenant in the property; an investor then acquires the property after a number of due diligence steps are taken (including video inspections of the property from a licensed inspector and a title search from a title company); finally, the Detroit based property management team manage the properties and distribute rents on a monthly basis, the aim of this is to provide an end to end service for international investors, that minimizes their workload.

Here below is the summary:

Acquire • Investment properties are purchased in the top investment areas throughout Metro Detroit

Renovate • Extensive renovations are completed by Strategy Properties’ qualified construction team.

Offered • Once renovated and tenanted, the properties are then offered to qualified income seeking investors

Managed • The Partner Property Company in Detroit manage the properties on behalf of investors and pay out rents monthly.

Exit • When the investor is looking to realize his/her capital gain, the property company markets and sells the property on the investor’s behalf and remit the proceed.

In addition, please note that at no point will an investor be handing over money directly to the property developers or broker for purchase until the transaction is closed where a flat $900 service fee is paid. Prior to then, investors' money goes into a Title Agency escrow account (copy and paste the link below to your browser to access the Title Company's website) and the funds to close the transaction are also paid to the Title Company's escrow account.

http://www.fntic.com

With regards to the transaction process, it is typically as follows:

Step 1 - Share investment goals with our adviser

Step 2 - Select preferred investment(s) by reserving your preferred option(s). This involves payment of 10% of the sales price for reservation (fully refundable should you not wish to proceed post inspection) deposit to Title Company’s escrow account (http://www.fntic.com/). At this point, a licensed inspector provides an objective written assessment (with images) of the property in question and submits report to investor. At the same time, should the investor wish for an LLC and US bank account to be set up that can be done.

Step 3 - A title search is run by Title Company on the properties to ensure there are no encumbrances on the property (mortgage, unpaid bills etc.)

Step 4 - Once the title search is complete, should there be no encumbrances, then the transaction can be closed via a wire transfer of 90% balance to the title company and the reservation fee is taken off the final price. At this stage, if you have opted for a US bank account and LLC, you pay a $900 service fee. If no LLC or US bank account has been requested then broker receives $400 from you. Furthermore, it is best practice to set-aside 2% of the value of the property to cover additional closing costs (including Title Search and Title Insurance).

Step 5- Any investor that is willing to personally visit the properties having paid reservation fee can be arranged to do so and a 4-star hotel could also be arranged at a discount for him/her, so that such an investor can determine to go ahead or not.

WHY DETROIT?

There are few developed cities in the world that provide income seeking investors with the opportunity to buy a house in good condition and in a safe area for less than $50,000.00 and subsequently receive around $1,000 per month in rental income. Improvement in Detroit economic climate has supported the demand for houses in Detroit which has led to an Increase in the housing prices over the last few years• However, note, with construction activity as well as the housing prices still below historical levels, further increase could be in store,

Thus, we believe this is an opportune time to make an investment in Detroit’s residential property market.

Investors including JP Morgan Chase, Dan Gilbert of Quicken Loans, Goldman Sachs, Mike Ilitch, and Fifth Third Bank leaders alone have committed nearly $2 billion for the revitalization of the downtown Detroit contributing to the growth of the area. JP Morgan Chase has an 80 year commitment (announced in May 2014) to strengthening jobs, residential development, and the community, with $50 million going toward development, $25 million toward blight removal, $12.5 million toward job training, $7 million for small businesses, and $5.5 million toward the light rail.

Fifth Third and Goldman Sachs have invested in the regrowth of Detroit, Fifth Third’s CEO David Girodat pledged the revitalization of Hart Plaza and $85 million in economic development investments over the next five years in October 2014. Goldman Sachs added Detroit to its 10,000 Small Business Program, providing $20 million in small business loans and education. In December 2014, the GS Social Impact Fund made a $6.9 million preferred equity investment to finance the redevelopment of Detroit’s East Riverfront neighborhood. Warren Buffett, a board member of Goldman Sachs, has also pledged to personally invest in Detroit in the near future.

Detroit’s two major high profile downtown investors are Dan Gilbert and Mike Ilitch. Dan Gilbert, founder of Quicken Loans and founding partner of Detroit Venture Partners, has invested in several buildings in the downtown area including the historic Madison Theater Building, Chase Tower, Dime Building (renamed Chrysler House), and First National Building in 2011, Federal Reserve Bank of Chicago Detroit Branch Building, One Woodward Avenue, and 1201 Woodward in 2012, 1001 Woodward office tower in 2013 and Book Tower in 2015. On the other hand, Mike Ilitch, who owns Little Caesars Pizza, and two of Detroit’s major sports teams, has made a $650 million dollar investment in the new arena and the area surrounding it. These are the known ones; many other smaller or less high profile investors have also shown interest and pledged development dollars to help Detroit become a grand city. Improvement in the economic climate has supported the demand for houses in Detroit which has led to an Increase in the housing prices in Detroit over the last few years.

Finally, annual property tax as well as annual insurance charge is relatively low compared with other major cities in the US such as New York, Florida, Miami, Las Vegas etc while the annual rental income is similar making the city preferred one by most investors.

However, there are three strategies that are available to residential investors looking to take advantage of real estate investment opportunities in Detroit.

Strategy One - Low-end residential estate (located mainly in inner-city).

Strengths of this strategy

Entry level costs are low - Assuming one is investing in a relatively decent neighborhood (unlike the dangerous neighborhoods where the extremely cheap properties are located), purchase costs can be as low as 30,000 USD and tend to range from 30,000 USD to 45,000 USD.

Expected rental return on investment is high - Between 12%-18% NET per annum.

Moderate capital gain potential - Due to the properties still being at a sharp discount to their pre-recession levels (despite prices rising 30%+ since 2013), one can expect moderate capital growth.

Negatives of this strategy

Expected returns vs. realized returns - Realized returns can be significantly different from expected returns due to the relatively high vacancy rates that prevail in low-end areas

Limited capital gains - Although one can expect capital gains, these gains are limited due to the relatively unattractive nature of the properties and surrounding area

Maintenance costs - Low-end properties tend to require persistance maintenance expenditure which diminish NET returns.

Strategy Two Mid-end residential estate (located in the suburbs)

Strengths of this strategy

Strong tenant demand - White-collar professionals earning decent salaries primarily want to live in the suburbs (due to quality environment, lack of congestion and quality schools), while being able to commute easily downtown for work.

Affordable entry level prices - Investors can acquire quality properties for as low as 50,000 USD meaning a size-able portfolio of income generating properties can be obtained inexpensively.

High realized rental returns - Investors can achieve attractive NET annual rental returns (9% NET - 12% NET) and due to the attractiveness of the area, vacancy rates are very low.

Capital growth - Due to the attractive valuations of the properties and prices still being below pre-recession highs, further capital growth can be expected.

Negatives of this strategy

Prices are high - Although prices are relative to other downtown major city areas in the US, one would still need to commit around 300,000USD+ to get a sound investment

Rental returns - Annual rental returns are between 3% NET-7% NET. Here , we believe that if an investor is going to make a cross-border investment, returns need to be high enough to justify that decision and 7% NET for an income seeking international investor is not strong enough for us

Capital growth may be limited - Due to the huge amounts of investment that have gone on in Downtown and Midtown in the last 18 months, any expectations of a significant boom in Detroit's economy may already be priced into the investment

Strategy Three-High-end residential estate (located in Downtown and Midtown Detroit)

Strengths of this strategy

Very strong momentum in Downtown Detroit - Downtown Detroit is booming significantly with new businesses constantly moving in, restaurants opening up and high quality tenants entering the city.

Attractive valuations - Considering the prices of other major city downtowns including Los Angeles and New York, one is able to acquire apartments in Detroit at relatively attractive prices.

Low vacancy rates - Vacancy rates in this area are very low.

However, our preferred strategy is the mid-end sector as we feel this is the strategy that enables investors to get the best value for money.

The question now is this, do you wish to take this great opportunity of investing in offshore properties and generate an income stream that’s independent of the economy of your country and denominated in foreign currency? Please drop your phone contact or e-mail at sternakin02@gmail.com and have an investment adviser’s talk to you for deeper details about this.

.Many thanks as I await your responses and comments.

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