Brook Walsh's Real Estate Blog

You finally found the perfect Northern Michigan home.

The house checks all your boxes: it is the right style and size, has an entertaining kitchen, and even boasts an awesome master bedroom. To make things even better, your offer was accepted by the homeowner. Congratulations!

You’re one step closer to owning your first home.

The next step in your home buying journey is the home inspection. The job of a home inspector is to provide interested homebuyers an unbiased report about the utility and safety of the home they are preparing to purchase.

While a home inspection is not required, it is highly recommended. A home inspector gives you the chance to understand a property through the trained scrutiny of someone whose job it is to notice problems, risks,

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This was a fantastic transaction for Brook Walsh, NorthernMichiganEscapes.com founder, and Associate Broker for BrookWalsh.com. Brooks client originally bought at Boyne Mountain to spend time with his son and because of the tremendous timing in the real estate market.

With Brooks' advice, he purchased his condo for $180,000. Several years later, after his son graduated from high school and moved to Colorado he decided to sell and invest in other things. Brook listed the condo and shortly there after he negotiated the sale.

Also, the new client was so impressed with the team at Northern Michigan Escapes that they remained clients and in their rental program. Read his client testimonial here.

ABOUT 02161 DEERVIEW DRIVE-IN BOYNE MOUNTAIN

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Compared to previous generations, millennials have been cautious to enter the real estate market. Coming of age right at the most spectacular housing boom and bust in modern history—the 2008 Recession—made for a generation of observant and media-savvy homebuyers. But the tide is finally turning.

Based on recent data from Nationwide Mortgages, 66.1% of Millennials report that they plan to buy a home in the next 5 years. Are you ready for this dynamic demographic of a homebuyer?

It’s good news for the real estate world that 65.3% of millennials associate home buying with achieving the American Dream. That’s more than any other generation! Millennials put a high personal value in achieving the milestone of buying a home—precisely because

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Everyone Is Investing In Real Estate

Seemingly, there is a tremendous amount of "rookie" investors jumping on the bandwagon trying to make a profit after losing big in the stock market. I meet them all the time, and many are making big mistakes!

Mistake #1: Stock Market Approach

You'd think after losing $7 trillion in the stock market, people would have learned! Nope, they are making the same mistake, which is assuming that what happened yesterday will happen tomorrow. Nine of ten new investors I meet say they are interested in real estate because they saw someone else make money from the rapid appreciation of the market over the last few years.

But, buying real estate solely for short-term appreciation is often a big gamble! If you buy

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In a hurry to sell your Northern Michigan property? Most families know that conducting a few renovations is optimal for selling a home quickly and for the above market expectations. But knowing which changes to make is where many of us feel at a loss. To save you time and money, we’ve put together a checklist of the house renovations that you should prioritize. These are the most consistent and easiest to implement tasks that can significantly drive up the allure of most properties.

Your real estate agent will be responsible for marketing your home, but you can also take a few steps to make your home one of the most desirable in the Northern Michigan real estate market. That means once you’ve chosen an agent you can trust, it’s time to

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It’s easy to forget that the technology we use every day once only existed in the imaginations of quirky sci-fi writers. Now, these innovations appear in our everyday lives and continue to change the way our communities, cities, and jobs appear and function.

With so many inventions changing the way we live, shop, work, and play, it isn’t a surprise to learn that our homes are also evolving to keep up with these emerging technologies. When houses are outfitted with some of the latest and greatest innovations, we call these houses “smart homes.”

Smart technology – whether in your phone, car or home – is about automation. Home automation alleviates household upkeep to give you and your family more safety, control, and time to do what you

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One of the best uses of a limited liability company (LLC) is a vehicle for families to pool their money together to invest alongside one another. The benefits of a family pooling their money through a limited liability company come mostly from the power of an LLC operating agreement. The family LLC can invest in everything from stocks, bonds, and real estate to mutual funds and start-up businesses. 

LLC Operating Agreement 
An LLC operating agreement can be written with all kinds of provisions. For example, the operating agreement could forbid individual family members from selling their shares of the limited liability company without the permission of all other members. It not only forces them to remain invested in the LLC but allows

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When forming a limited liability company for the purpose of starting a small business or pooling investment assets, the three most popular choices are to incorporate the LLC in your home state, form a Nevada LLC, or form a Delaware LLC. This brief overview will explain the reasons the third option, a Delaware LLC, might be a great choice to hold a family operating company, real estate portfolio, or securities such as stocks and bonds.

The Benefits of a Delaware LLC 

There are several benefits to forming a Delaware LLC for a family business, investment pool, or other assets. You don’t have to do business in Delaware to form a Delaware LLC because the state permits so-called foreign investors—meaning someone from out-of-state. A

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All limited liability companies (LLCs), are typically governed by a contract that the investors sign amongst themselves. This contract is known as an LLC operating agreement. The agreement has fairly standard terms, and you can easily find a template by searching for one online.

When to Use an LLC Operating Agreement 

You would use the LLC operating agreement when starting a new LLC to define its operations. If you already have an LLC set up, an operating agreement allows you to outline information about its operations.

In practice and theory, an LLC operating agreement is essentially the same as the limited partnership agreement that governs the actions of the limited partners. When drawing up your…
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In recent years, limited liability companies, or LLCs as they are frequently known, have become one of the most popular ways for investors to structure their holdings, beating out the formerly more popular limited partnership. From families pooling their money together to Fortune 500 corporations that have subsidiaries, you may have directly or indirectly invested in an LLC without knowing it. This overview was designed to help you understand what LLCs are, why investors use them, and some of the factors you may want to take into consideration before you form an LLC or invest in one.

The Potential Benefits to Using a Limited Liability Company 

A limited liability company is a special legal structure that combines

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