Did you know you can defer taxes on the sale of your investment or business-use property? It’s called a 1031 exchange, and it could save you a bundle if you’re planning on selling.

Internal Revenue Code 1031 allows an owner to sell their investment or business-use real estate property and use the sales proceeds to purchase a replacement property of like kind without a tax on the profit.

If that isn’t enough, 1031 exchanges are an advantageous way to diversify your assets, improve returns on your investments or just free up more capital for future investments.

But the IRS rules for 1031 exchanges are strict and complex. Don’t go it alone, let your local market expert guide you through the process and maximize your investment.

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SOLD: 01352 Powder Ridge Dr # 39 Boyne City, MI 49712
MLS# 455181 - $415,000

Sold fully furnished, this 4 bedroom mountain cabin at Boyne Mountain Resort is a gorgeous rustic property. Features include high definition televisions, granite counters in kitchen, private hot tub, and tiled flooring. This investment property generates a very solid rental income.  Please contact Brook Walsh for help selling your Boyne Mountain property - brook@nmescapes.com, www.brookwalsh.com or (231) 459-3179 for a showing today!

To begin searching Northern Michigan homes for sale, register with BrookWalsh.com Home Search. Registration is fast, free, and simple. Brook Walsh is from Northern Michigan and understands lifestyle

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7 Tips for Skiing and Snowboarding in Cold Weather

Winter at Boyne can get cold in some months! But without the Lake Effect weather, Boyne Resort's powder-snow wouldn't be what it is and we wouldn't be writing this article to help you stay warm on your ski vacation! With a little preparation and maybe a smart purchase or two along the way, you can ensure that you won't need to worry about the cold and you'll be carving down the slopes on even the most blustery of days.

1. Lots of layers. Rule number one is a no-brainer for most. In order to prevent heat loss, the best method is to wear multiple layers rather than opting for thick and heavy jackets or sweaters. Plan your outfits accordingly with multiple layers of different materials,

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1. When should I visit Deer Lake?

This is really up to you and what you like to do. There’s certainly no bad time to visit Deer Lake, which is why we call it a “year-round playground.” In the summer, we’ve got beaches, hiking, biking, and more. In the spring and winter, there’s skiing and snowboarding. In the fall, there’s gorgeous foliage and outdoor festivities. You really can’t go wrong.

2. How do I get to Deer Lake?

Whether driving or flying, getting here is relatively easy with plenty of beautiful lake views and scenery along the way.

If you’re flying, you can fly into the Cherry Capital Airport in Traverse City, Michigan, which is approximately an hour and a half away from Deer Lake. You can drive or even fly into Pellston,

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1. When should I visit Lake Charlevoix?

This is really up to you and what you like to do. There’s certainly no bad time to visit Lake Charlevoix, which is why we call it a “year-round playground.” In the summer, we’ve got beaches, hiking, biking, and more. In the spring and winter, there’s skiing and snowboarding. In the fall, there’s gorgeous foliage and outdoor festivities. You really can’t go wrong.

2. How do I get to Lake Charlevoix?

Whether driving or flying, getting here is relatively easy with plenty of beautiful lake views and scenery along the way.

If you’re flying, you can fly into the Cherry Capital Airport in Traverse City, Michigan, which is approximately an hour and a half away from Lake Charlevoix. You can drive or

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In 2012, Lake Charlevoix was voted the second-best lake in America in a USA Today poll, behind only Lake Tahoe. Being awarded this honor is partly due to the many forms of recreation the lake provides, including swimming, kayaking, sailing, fishing, diving, boating, water skiing, and just relaxing on the beach. It is also due to Lake Charlevoix being one of Michigan’s largest and most magnificent lakes. Lake Charlevoix is the 3rd largest lake in the state in terms of surface area, but due to its shape and the elongate South Arm, its shoreline length far exceeds that of any other inland lake in Michigan. If you kayak the entire shoreline of Lake Charlevoix, you will have traversed 60 miles! 

Because Lake Charlevoix is directly connected to

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Walloon Lake is located within the Little Traverse Bay Watershed and empties into Lake Michigan via the Bear River. Walloon Lake is considered an outstanding ecological, aesthetic, and recreational resource. Rolling glacial terrain surrounds its deep waters, including its five distinct depressions or basins:

• Foot – 94 ft.
• Mud Lake – 14 ft.
• West Arm – 100 ft.
• North Arm – 52 ft.
• Wildwood – 80 ft.

The lake and its watershed are located in Bay, Evangeline, and Melrose townships of Charlevoix County; and Bear Creek and Resort Townships of Emmet County. The lake has a relatively small watershed (22,650 acres) compared to its lake surface area (4,270 acres). Five percent of the Walloon Lake Watershed is classified as

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We have all been there:  We enjoy a great vacation in a beautiful destination and are smitten by life there.  We imagine what it might be like if a vacation home was ours and start picking up local real estate brochures and searching online for sale listings.  Pretty soon, conversations with a realtor could be occurring, and you begin you wonder if this dream is realty or pie in the sky.  The idea of owning your own place in a ski town that your family loves just seems like the perfect next step.

Ski vacation homes are no different than the pattern we see with other vacation homes.  They tend to be located in great ski towns that are fun in both summer and winter, have a charm that goes way above and beyond owning just a normal rental

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Investing in real estate is one of the smartest money moves you can make. Whether you are investing in a single-family home for yourself or to use as a rental property or buying multi-family residential property, it’s a stable and safe investment.

It’s a smart move to plan for retirement using a mix of different investments, including real estate.

Unlike investing in the stock market, investing in real estate means you always have the physical asset to show for your expenses. Real estate investing for beginners might seem overwhelming, but it doesn’t have to be. Keep reading for 7 tips to help get you started.

Real Estate Investing for Beginners: 7 Tips To Get Started

There will certainly be a learning curve involved in

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The Shores on Walloon Lake is a collection of only six spacious custom cottages in Walloon Lake Village. Each has a westward panorama and is but a few steps from the water and your dock. The design and workmanship of each are beyond all requirements and most expectations. The plan is based on great respect for the past and appreciation of the natural grandeur of our Walloon. Through uncomplicated and maintenance-free living, The Shores allow you to reside in harmony with the village and the lake. Every outside maintenance task—including your dock—is taken care of. Never rake, shovel, sweep, cut, plant, prune, clean or wash!

About Walloon Lake

For over 120 years, Walloon has been a place where many of the icons of

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