The economic situation in Detroit, Michigan coupled with the sub-prime lending crisis, has meant that many thousands of properties have been repossessed by the banks and other lenders.

We are selecting 3 bedroom properties in specific suburban areas, some of which have sold within the past couple of years for $120,000 or more. As these properties are repossessed, we have them fully refurbished to exceed the requirements of the Department of Housing and Urban Development. At which point they are offered to you for sale for a total price of $46,000 (£28,000) including all closing costs.

Rental income is paid by the government at an average of $800 (£500) per month; this gives a gross yield of 20%. After government taxes and managment costs this figure is still an impressive 13% - 15%.

Contact Olive Tree for a brochure, or speak to your Olive Tree Business Partner for more information. Tel 0845 257 0227 email contact@olive-tree.com