Real Estate Investing

This is blog for real estate investing articles.

Found 28 blog entries about Real Estate Investing.

There are lots to consider when buying a vacation home. Check out our three keys to help you in your search. Our team is ready to answer your questions. Give us a call at (231) 459-3179 or email Brook, brook@nmescapes.com.

 

1. Consider the cost—and whether you can afford it
Unless you purchase your vacation property with cash, you'll need to apply for a mortgage—typically, a downpayment of 10-20% is required. You’ll also need to meet minimum credit and debt-to-income standards, and provide documents for asset and income verification. 

2. Think: location, location, location
Lakefront cottage? Beachside condo? Cabin in the woods? Know what you’re looking for, then get to know the area.

Bonus tip:

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The tax filing deadline is quickly approaching. If you own a home, here are some important residential tax-saving incentives you should not miss:

Residential Energy Tax Credits

  • Residential Energy Efficient Property Credit - Taxpayers may take a credit up to 30% of qualified solar, wind, geothermal and fuel cell property improvements. This includes labor costs to assemble, build, and connect the equipment. The credit is capped at $500 per one-half kilowatt of capacity purchased.
     
  • Non-Business Energy Property Credit - Taxpayers may take credit for 10% of the qualifying costs to improve energy-efficiency for the non-business property. Qualified improvements include adding insulation, energy-efficient windows/doors, or energy-efficient
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A Guide for Getting Started

Vacation rental homes are spiking in popularity and for good reason. A 2016 HomeAway survey showed that 70% of vacation rental homeowners could pay at least half the mortgage on their vacation home from the rental income it generates. For owners who work with professional property managers, the cashflow benefits may be even greater.

Investing in a vacation home that’s also a vacation rental can create a best-of-both-worlds scenario: You get to enjoy downtime in one of your favorite locations while getting an income-generating property that helps pay for itself. Full-service vacation rental management companies like Northern Michigan Escapes make life even easier by booking and communicating with guests while also managing

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With the rising cost of rent in Northern Michigan, you might be thinking this year is finally the year you’re going to buy a home. This is an exciting time for anyone, but there’s one big thing that stands between you and your dream of owning: a mortgage.

While you might feel financially ready to take on a mortgage, it’s ultimately up to the lender to deem you responsible and financially stable. One of the ways they do that is to take a peek into your credit history. Maxing out your credit card in college or forgetting to pay a bill here and there might not seem like a big deal at the time, but it could come back to haunt you later in life when trying to apply for a large loan.

If you've been informed you have imperfect credit and need to boost

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Buying a home is an exciting time in many people’s lives. It’s the point in your life when you stop paying rent and start building equity with a mortgage. While there are many practical benefits to owning a home, something many people don’t discuss is the tax breaks.

As tax season is upon us, let’s take a look at some of the unique tax breaks that homeowners can take advantage of:

MORTGAGE INTEREST

For many first-time home buyers, one of the most pleasant surprises come tax season is the knowledge that your mortgage interest is tax-deductible. At the start of January, you should have received a notice from your lender letting you know how much mortgage interest you paid throughout the year. Homeowners are allowed to deduct the tax from up

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The purchase of your first home can be an exciting and exhilarating process. Homeownership is something that many people dream of. Owning your own home means not being held accountable to a landlord. It means the freedom to paint, remodel, and redecorate your space how you like. It means creating the perfect space for you and your family to build a life together and create memories that will last a lifetime.

For most people, the purchase of a home is also the largest transaction they will make. This can be daunting. Few buyers have the resources to buy a home outright, and this can make the buying process even more complicated because lenders are involved too. One of the biggest challenges that new home buyers face is understanding the buying

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In this post, you’ll learn how to do a 1031 exchange with real estate. Topics include 1031 exchange rules, types of exchanges, success stories and more. Continue reading to learn how to use this powerful strategy!        

Introduction:

A 1031 Exchange, also called a Starker Exchange or Like-Kind Exchange is a powerful tax-deferment strategy used by some of the most financially successful investors. This is, perhaps, even more, true as we head into 2018. Why? Because in many U.S. cities' prices real estate has surpassed the “bubble levels” of a decade ago. Because of this, many investors think that today is the optimal time to exchange properties in expensive markets for cash flowing properties across the country.

If you’re interested in

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It was an exciting time for Brook Walsh, NorthernMichiganEscapes.com founder and Associate Broker for BrookWalsh.com. He had been working diligently to contact owners of ski in/ski out properties at Boyne Mountain for a client looking to purchase a highly sought after ski in/ski out property on the Boyneland ski run. Brook used his powerful network to reinvigorate an expired listing and successfully negotiated the sale. 

ABOUT 02244 BOYNELAND DRIVE IN DISCIPLES VILLAGE AT BOYNE MOUNTAIN RESORT

The location of this condo is simply unbelievable as it sits directly next to the chairlift. The upper level has custom granite counter tops, two bedrooms, loft area with two queen beds, and the living room gets tremendous light from the wall of windows

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Conversations about credit shouldn’t make you cringe, even if you have a poor or below-average credit score. When used responsibly, credit is a financial asset that can simplify your life and improve your finances. There are actionable steps for rebuilding and maintaining a good credit score, and those steps begin with little more than a willingness to learn.

No one establishes a strong credit score passively or overnight. These achievers begin by forming intentional habits and learning the business of credit lending. They use their knowledge to seize the many benefits of credit without falling victim to its potential pitfalls.

This article aims to give you a head start on the road to excellent credit so that you can lay hold of those benefits

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Real estate investment in Northern Michigan can be a passive or active means of growing personal wealth. As housing costs appreciate, simply owning a home in the area is a great way to invest in the future.

But some people wish to be more involved in their investments. For those who love the fast turn around, manual labor, and problem-solving, house flipping is a popular and fulfilling form of real estate investment.

HGTV popularized the art of house flipping by portraying this DIY renovation business in a way that seems highly accessible. As a result, there’s been a surge of ambitious investors entering the market across the country. Competition to buy undervalued homes has increased, but there’s still an opportunity for the careful, savvy

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