As stated by the leading housing data research firm, RealtyTrac, in 2011, 23% of allresidential property sales in Michiganwere foreclosures.

Although the low pricing point is attractive to many potentiallandlords, serious investors looking to investin Property in Michigan for sale should think aboutthe area in which they are buying in, and the type of tenant theywant to attract.

Houses near to strong,vibrant downtown commercial locations with good infastructure andtransportation links and suncesful businesses prove popular for both tenants and landlords.

Selectively choosing houses in school catchment areas, near parks andwith good medical facilities, policing and fire departments are also importantin securing quality tenants on a long-term leasebasis.

As the city of Detroit receivesinternational headlines due to the revivalof its motor industry and an explosion in technical manufacturingjobs, investment in properties in suburban and urban areas has helped revive the city’s residentialproperty market.

The investment from overseasand domestic investors into cash flow positive properties has helped to regenerate previously uninhabitable and foreclosed properties,having a positive effect of the State’s property market.

Despite this upwardtrend in renovated, buy-to-let homes,the suply ofleasable homes does not meetthe current demand, with a leading Detroit property agent stating thatover half a million high tech workers have relocated to Detroitin search of work and will need qualityaccommodation.

With foreclosures accountingforabout 1 in 5 propertiessold in Michigan, and typically costing 34% less than houseswhich are not foreclosures according to RealtyTrac, distressed homes in wealthierareas are the number one choice for propertyinvestors.

By just acquiringhomes in wealthier neighborhoods whichmeet the company’s criteria, Experience International offersinvestors houses in Detroit which typically providerental yields in excess of 20% with entrylevels from around $30,000, the houses are refurbished and pre-tenanted.

On some houses,50% finance is available and discounts are given to thosewho purchase their houses with cash.

For detailedinformation about the best way to invest in Property in Michigan for sale,contact Experience International, call + 44 (0) 207 321 5863