"The Momentum-Maker Mastermind: Mindset, Methods, & Metrics"
Join Kirk on April 12th @9:45 AM (Pacific Time)
Our Services
We offer the most competitive rates and excellent service beyond closing. Guaranteed! PRO.
We offer guidance to real estate professionals, tax professionals, lawyers, and CPA's.
Are you ready to grow your business to
the next level and beyond. Kirk has helped hundreds of businesses and
can help you get there faster.
Our proven track record in solid investments has help hundreds and could help you too. Ask us how!
Kirk is the past President of the Universal City/North Hollywood Chamber of Commerce as well as a former co-chair of the ALFN Commercial Practices Committee. He is active as a speaker and moderator of several trade organizations including the CA Mortgage Bankers Association (CMBA), Mortgage Banking Association (MBA), and the Attorney Legal Financial Network (ALFN). Mr. Jaffe is quoted or has been a guest of several media outlets including: KABC790 Talk Radio, NBC and the Los Angeles Daily News to name a few.
Let Us Know What You Need!
MORTGAGE LENDING
We offer Custom Tailored mortgages for Home or Business!
BUSINESS CONSULTING
Grow your business FAST with our Business Consulting Services!
INVESTMENT CONSULTING - REAL ESTATE ASSETS
Our win/win approach to investing has helped hundreds. FIND OUT MORE!
REAL ESTATE PROFESSIONALS
If you are a real estate professional and are ready to work with a partner with years of experience, you're in the right place.
CPAS, ATTORNEYS, AND INSURANCE PROFESSIONALS
If you have questions about the potential legal implications of real estate transactions for your clients, Kirk Jaffe has the answers!
“What a GREAT guy Kirk is! I highly recommend him and his services all the time and for my own home loan needs. Why would I say that as a Broker myself? Well as a Buyer and a Broker I cannot have my hand into many aspects of the transaction, so I trust Kirk with my financing needs he has yet to let me down! "
"Kirk is my go-to lender. He has worked many “miracle situations” and provides top notch service from start to finish...."
"I have known Kirk Jaffe for many years. Kirk has a stellar reputation. You can see his reviews by going to www.mycity.com/profile/kirk-jaffe."
"When I need any information regarding the Real Estate Financing space for a client, my first call is to Kirk Jaffe. He is knowledgeable, professional, and experienced. He stays on top of cases and follows up with clients. He is a true asset to my business."
"Kirk works hard and well day and night, a kind person and gets it done fast!"
"Kirk did a fabulous job. He walked me thru the process and it was incredibly easy compared to other mortgages I've done. Thanks to Kirk, my house closed in under 21 days, and he got me a great interest rate."
Once known for its urban decay and financial turmoil, Detroit is emerging as an unlikely haven for real estate investors, offering opportunities that seem almost too good to be true in some cases.
Chase Hunter, a Houston native turned Detroit real estate investor, symbolizes the new wave of opportunity seekers. “I closed on my first two properties the same day in June of 2021,” Hunter recounted to Realtor.com. “The day I closed was my very first time in Detroit.”
Her initial purchases were a $2,000 property and another for $1,800.
Hunter went from searching for cheap properties online to becoming a Detroit-based real estate agent and investor. And it points to the city’s dramatic turnaround. In 2013, Detroit filed the largest municipal bankruptcy in U.S. history, burdened by $20 billion in debt.
Today, it’s being called “America’s most unlikely real estate boomtown.”
The numbers tell the story. Detroit’s median home sale price has skyrocketed from a low of $58,900 in 2009 to $250,000 in May 2024, according to data from Realtor. That's a 324% increase over 15 years.
“Buyers, including investors, took advantage of low home prices in the area over the last decade, bringing energy and funds into the city,” said Hannah Jones, a senior economic research analyst at Realtor.
However, it's not so straightforward. Many properties come with baggage, including back taxes and the need for renovation. Hunter’s experience reflects just that. Her $2,000 property required an additional $85,000 in renovations before it was ready for renters.
The city’s reputation for crime is also a concern for potential investors. “Crime is definitely still a major challenge,” Hunter said to Realtor. “It can deter you from buying here for sure.” However, she said that the situation is improving, with Detroit reporting its lowest crime rate in 57 years last year.
Despite the near-term challenges, major players are betting big on Detroit’s resurgence. Dan Gilbert, the billionaire co-founder of Rocket Mortgage, is a driving force behind the city’s revitalization, according to the Wall Street Journal.
His real estate venture, Bedrock Detroit, has acquired over 130 properties downtown, pouring billions into development projects.
Other corporate giants are following suit. According to the WSJ, Ford is investing more than $900 million to redevelop the iconic Michigan Central Station and its surroundings. General Motors recently announced plans to relocate its headquarters to a new development in the downtown area.
The influx of investment is reshaping Detroit’s skyline and streetscape. Luxury retailers like Gucci have opened stores downtown, the WSJ noted, while the number of apartments in the central business district has more than doubled since 2010.
For investors like Hunter, Detroit’s appeal is in its combination of low entry costs and high potential returns. “Investors come to Detroit from all corners of the country because the market is like no other,” she says.
©Finance Yahoo
Need to reach us? Send us an email or give us a call today.
Kirk Jaffe Enterprises, Inc.
195 Highway 50, Ste 104-476
Stateline, NV 89449