Array Management Group

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Investors of Detroit Real Estate could benefit from billions in government funding slated for local housing.

 The Obama administration is considering committing up to $35B to help state and local housing agencies provide financing to low and moderate income families.

 Government operated housing finance agencies have struggled during the downturn and this funding could provide much needed relief.

 These agencies are not major players in the world of lenders, but they are critical to many first time and low income home buyers.

 If this was to materialize, it would be huge for Detroit real estate investors. With a large inventory of bank foreclosures and a job market where starting salaries are low, homebuyers lining up financing will provide a welcome opportunity for those who can provide affordable housing.

 Detroit real estate is one of the best kept secrets in the country, the foreclosure crises allow you to but cheap houses, rehab quickly, and rent with great cash flow, provided you have good property management in place. An added bonus would be to sell your property to a first time homebuyer and make money while helping someone realize their dream of homeownership.

The Will $35 Billion to Local Housing Help Detroit Real Estate? by Array Management Group, unless otherwise expressly stated, is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License.

Tags: cash flow, cheap houses, Detroit Foreclosures, Detroit Investment Properties, Detroit Real Estate, detroit real estate deals, Detroit Rehab Deals, Detroit Rehab Properties, making money, property management, real estate

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