Well, here we are at the end of March and we are seeing opportunity increasing day by day. Asset managers are getting more and more foreclosures coming on their books in Detroit and Detroit foreclosure Realtors are getting more and more listings. Inventories are going up and if you remember back to high school economics class, as supply goes up, prices drop because of a lack of demand. Isn’t a lack of demand bad for us? Read on…

What they don’t see, is that demand from investors in state and out of state is increasing. And… if you can still remember back, what happens when there is more demand? Yes, prices increase. The reason that we’re not seeing prices increase with more demand and the reason that we’re seeing banks and asset managers taking less and less for their properties is that supply is outpacing demand and most importantly, banks are slow moving. When the foreclosures started piling up in Detroit and other areas, how long did it take banks to start really lowering their prices to get sales and move inventory? From what I could see here in Detroit, we’re talking about 2 years.

Rarely are banks on the leading edge of catching an upswing or a downturn in a market, which plays into the favor of those that can identify this disparity and capitalize on it. My prediction is that we still have 2 years of this bargain basement shopping for Detroit rental properties in EXCELLENT areas before the banks change direction again. Their inventories are ever increasing, their profits are dropping, and they’ve identified the fact that they have to dump properties for little to nothing in order to just move ahead with business. I don’t see that changing in the short term.

Now, you can go ahead and capitalize on this market by spending thousands of dollars on infrastructure, thousands of hours on systems and processes, hire property scouts, assistants, contractors, property managers, accountants, bookkeepers, multiple foreclosure Realtors that actually know the market, scout the areas, learn the streets, and make the contacts or you can work with a reputable wholesaler of properties that actually sells properties at wholesale prices. Urban Detroit Wholesalers is not only known for selling houses at low prices that our buyers call “simply amazing” but we also provide you with all of the contacts and professionals you need to get the job done.

We sell you a wholesale deal with a CLEAR EXIT STRATEGY and we sell you the houses and deals that we have, are, and will be doing ourselves. Who better to guide you on what is good and what is not than the guys that are already out their doing it. Why are we wholesaling? There is more inventory in Detroit right now and absolutely amazing deals that we could ever do by ourselves. As we bring in more investor into the EXCELLENT NEIGHBORHOODS that we work in, we will make the values and demand increase even more. Good for you, good for us.

Real Estate In the News
Mix well, then sell: Developers find demand for blend of space. While this article is about mixed use commercial developments, it’s great to see how much money and development is being poured into Detroit. As apartments, commercial retail space, over $315 Million in hospital renovations, and other projects get underway, you will see Detroit as a whole coming up.

Quote of the Week
“You must be the change you wish to see in the world.” ~ Mahatma Ghandi

Continuing Education
Go to Detroit real estate market secrets and get the free report on 8 Secrets to Successful Detroit Investing. This is absolutely free and it has great information on the specifics on Detroit Investing. Whether you’re new to the Detroit market or you’re an experienced investor, you’ll get a lot of valuable tips from this free report.

Also, check out Renegade Detroit Investors at real estate investment club and make sure you come to the next meeting on April 1st. We have an excellent speaker, Larry Garner, who not only managers over 400 properties in the City of Detroit but also owns over 80 of his own properties. This is a meeting you definitely want to make!

Successfully Yours,
Jared Pomranky
Detroit Foreclosure Search
Free Report on Detroit cash flow rentals