It is a known fact across the globe that real estate is the top choice among smart investors (especially offshore properties) as an investment to earn rental income in foreign denominated currency. However, unknown to many this opportunity can also be tapped into by an average individual and not only the super rich..

Offshore Real Estate Investment is a mean to create steady and structured cash flow, source of access to regular and legitimate foreign exchange and an investment which could provide excellent above average rates of returns from 12% to 14% and more.

Now lets break it down for A clearer understanding, their is a property 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. The company has chosen to focus on Detroit USA because the city is the only city giving investors an opportunity to acquire turnkey residential assets at attractive lower prices of between $45,000.00 and $120,000.00 or above and attracts similar monthly rental income ranging from $1200 to $1600 as obtainable in other major cities like New York, Las Vegas and so on.

It is very evident that the safe, high return and affordable nature of Detroit properties, coupled with good monthly rental income in dollar denominated returns makes this investment a strong proposition for Nigerian real investors, especially with the rate at which US dollar is appreciating against Naira.

How it Works:

The Detroit based real estate company acquires residential properties, refurbish them to certified habitable standard and then subsequently place a tenant in the property when an investor acquires the property after a number of due diligence steps had been taken (including physical inspection of the property by a licensed inspector, the prospective investor himself/herself 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 to the investor. 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 purchased in the top investment areas throughout Metro Detroit

Renovate:

Extensive renovations are completed by the property company qualified construction team.

Offered:

Once renovated, the properties are then offered to qualified income seeking investors to acquire.

Title: The properties are covered by Certificates of Occupancy which the investor can further perfect

Management:

The Property Company in Detroit thereafter manages the properties on behalf of investors and pay out rents monthly into the bank account details provided by the investor.

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 to the investor.

In addition, please note that at no point will an investor be paying money directly to the property company or broker for purchase until the transaction is closed where a flat service fee is paid. Prior to then, investors' money goes into a US Title Agency escrow account (use the link below to access Title Company's website) and the funds to close the transaction are also paid to the Title Company's escrow account(So the investor money is secured in case he/she decides not to proceed with the transaction).

http://www.fntic.com/

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

Step 1 - Signify intention to invest

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 shall be instructed to provide an objective written assessment (with images/short video) of the property in question and submits report to the investor and should the investor decides to visit in person it is allowed, an invite would be issued to assist the investor with securing a visa. 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 if the investor so desire 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 service fee. If no LLC or US bank account has been requested then broker receives commission 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 $1,500 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.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, so vacancy rates are very low.

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.

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

Let's take for an example, if you invest in a 3-bed bungalow with 2toilets/2bathrooms that goes for $70,000 (about N25.2m) at official rate of N360 to $1 and the monthly rental income is $900 (N324,000), then gross yearly income will be $10,800 (N3,888,000). Now less yearly taxes of $1100, Insurance cost of $800 and Management fee of $1080(10%). The Net Annual Rental Income shall be $8,020 (N2,887,200). Meanwhile, the more dollar appreciates, the higher the return in local currency.

Does that seems to be a good investment or not especially in a country where tenant can not delay or owe rent payment. Even N25m cannot buy land in some part of Nigeria not to talk of generating annual income of close to N3m in rent. Meanwhile, the income shall be in foreign currency which could appreciate higher at anytime.

The question now is, do you wish to take advantage of 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?

A2 Realmart Options and Alicorn Consulting Limited are in discussion with the Detroit based property company to schedule a virtual meeting via ZOOM with the company Sales Representative for a questioning and answering session.

Therefore, should you wish to take advantage of this great opportunity by investing in Detroit property or have clients that might be interested or would like to know more about this opportunity and would like to join the ZOOM meeting to get elaborate details, ask questions and get instant response from the company representative. kindly send "interested in Detroit properties" with your full names as a Whatsapp message to +2348117949689 (Whatsapp only) or by email at a2realmartoptions@gmail.com and more details and link to join the meeting shall be sent to you.

Opportunity comes but sometime once in a life time.

Many thanks.