You are here

Single-family landlords sinking cash into Rust Belt rentals

85 per cent of the homes sold in Detroit last year were purchased by investors

The combination of low prices and optimism about the local economy has made Detroit popular with property investors.

New York

AL BEAHN was a 22-year-old college graduate living in his parent's basement in the Detroit suburbs when he bought his first investment property in 2009. It cost him US$27,000 and he flipped it three months later for a US$16,000 profit. Today, his company, Pioneer Homes, has

Market voices on:


Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at

Powered by GET.comGetCom