Very simply, there is nowhere else in the country where investors can get $800 dollar rents on $40,000 properties, and in an absorption market.

Priority Investment Group carefully researches and analyzes many different real estate markets in the United States, looking for unique opportunities for ourselves and our investors. There are two ways to make money in real estate: Cash flow, and Appreciation. Priority considers only markets that have both, creating investments with an unparalleled combination of safety and return.

Here’s just a sample of what’s happening in Detroit, and why we believe it is the perfect absorption market for us right now:

• In 2007 Detroit ranked as the U.S.’s eleventh most populous city.
• The single family rental market is great, and property values are extremely low.
• It’s a major U.S. port city on the Detroit river, and a critical international link on the 
  Canadian border.
• Detroit is the largest U.S. city to offer casino resorts.
• Recent $158 million renovation to Detroit Institute of the Arts.
• General Motors spent $500 million renovating the Renaissance Center for its new global headquarters.
• Quicken Loans has committed to moving their headquarters – and 4000 jobs – to downtown Detroit.
• Compuware built their new headquarters in downtown Detroit.
• Two new sports stadiums – Comerica Park and Ford field.
• Detroit Economic Growth Corporation reports that $5.6 billion has been invested in Detroit in recent years.
• Book Cadillac Hotel just finished $180 million transformation into a new Westin hotel.
• The downtown area is undergoing a transformation, with thousands of new lofts and town homes, as well as new restaurants and shops.
• The $800 million MGM Grand Casino just opened in downtown.
• Current government is working hard to attract business and promote growth, with tax incentives and a variety of organizations designed to accelerate economic development.
• Government has also focused on several programs designed to rejuvenate local neighborhoods, increasing police presence and cleaning up the city on a street by street level.
• Michigan ranks second in the U.S. for research and development performance.
• While many of Detroit’s current economic problems can be traced to problems in the automobile industry, we believe that is also about to change. Recent economic problems affecting the auto industry will result in a less expensive contract with the autoworkers union, making producing cars much less expensive, and the big three automakers are all ramping up with new products and technologies to retake some of their lost market share.

It looks pretty exciting – and it is. But, numbers aside, Priority Investment Group has taken the time to know this market personally. Over many visits we have driven the city, talked with the residents, enjoyed the restaurants and attractions, met with businesspeople – we love this city, and we’re excited about this investment.