Need a REALTOR® for your
Detroit Metro investment property?
OutofTownLandLord connects you with the Detroit Metro area’s very best property investment specialists. A licensed, experienced, dedicated REALTOR® who will deliver stunning results and stellar service. Learn about the REALTOR® and the Detroit Metro market below.
Alan Stalter, REALTOR®
Detroit Metro Investment Specialist
Counties: Oakland, Macomb, Wayne, Washtenaw, Livingston and Genesee
Cities and Towns: Allen Park, Ann Arbor, Belleville, Berkley, Birmingham, Bloomfield Hills, Brighton, Canton, Centerline, Clarkston, Clawson, Dearborn, Dearborn Heights, Deerfield Twp, Detroit, Dexter, Farmington Hills, Ferndale, Fraser, Garden City, Grand Blanc, Green Oak Twp, Grosse Pointe, Hamtramck, Harper Woods, Hartland, Hazel Park, Holly, Howell, Lake Orion, Lathrup Village, Lincoln Park, Macomb Twp, Madison Heights, Melvindale, Mt Clemens, Northville, Novi, Oak Park, Oxford, Pinckney, Plymouth, Pontiac, Rochester, Romulus, Roseville, Royal Oak, Shelby Twp, South Lyon, Southfield, Southgate, Sterling Heights, St Clair Shores, Taylor, Troy, Utica, Van Buren, Walled Lake, Warren, Waterford, Wayne, West Bloomfield, Westland, Wyandotte, Ypsilanti
Licensed Since: 2002
Company: Elite REO SERVICES
About Alan Stalter
I have specialized in bank owned and foreclosure real estate since 2002. My experience includes marketing and selling bank owned properties, negotiating short sales, working with homeowners in foreclosure and extensive property renovation. I have assisted many investors in acquiring, preparing and managing a successful rental property.
I am a graduate of Michigan State University, with a Bachelor’s degree in Finance. Prior to entering the real estate industry, I enjoyed a successful career working on Wall Street as an institutional sales trader.
About the Detroit Metro Market
When investing in the Metro Detroit area, the potential rewards are great. This is a unique market in that some areas of Detroit have a multitude of vacant homes while other areas are growing rapidly. The key is finding the areas that are just starting to grow and invest in these areas.
Detroit has the second highest rent-to-value ratio in the country, at just over 8.5%. Therefore, investment properties have a potential to pay off the initial investment quickly and turn into profit streams.
Inventory remains low in many parts of suburban Detroit. Quite often, entry level homes in good condition receive multiple offers within the first few hours on the market.
Investment Price Points in Metro Detroit
While real estate sales are happening at a frenzied pace across Michigan, that is not the case in every community. In many areas, there is a lack of supply which is creating a fast turnaround time. While some neighborhoods are seeing dramatic price increases along with the low days-on-market average, this is not the case across the board. There is still great opportunity to invest and make a profit in a short amount of time.
Free Report: Demographic and Housing Data on the Detroit Metro Market
Would you like free demographic and housing data on the Detroit Metro market? The report includes information on schools, income, employment, crime, average sale prices, fair market rents and more. You can get reports on the whole market or zero in on a specific zip code.
This report has all the info you need to help you decide if the Detroit Metro market is right for you! Click here to get your free report.