Real Estate Investing

Found 15 blog entries about Real Estate Investing.

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

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"Brook has an advantage in Northern Michigan real estate, he knows a lot of home owners with high end properties, as well as mid range properties. With his wife Rachel, they own and operate a very successful property rental business, of which I was a customer. When I was ready to sell, Brook found a buyer and sold my property at asking price, because he knew who to call. That's his advantage, knowing the area, networking, and knowing other owners, and those who rent looking to own. If you are looking to buy or sell, you will do well with Brook" - Howard Ice

At BrookWalsh.com we are incredibly lucky to work with clients like the Ice family. 

"I'd like to help you find the right price and the right time to make your next move a successful
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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 have 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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This home represented great investment potential for Brook Walsh, NorthernMichiganEscapes.com founder and Associate Broker for BrookWalsh.com. The property was purchased by his client for $125,000 who leveraged the team at Northern Michigan Escapes interior design and remodeling division to completely modernize this dated condo. As a result of the transformation, his client was able to use a 1031 exchange to offset the $80,000 capital gain.

ABOUT 4749 S PLEASANT VIEW AT TROUT CREEK RESORT IN HARBOR SPRINGS

This beautifully designed, three bedroom, two bath villa with attention to detail and cutting edge technologies: practical (E.G.: Insulated Concrete Forms) and pretty (E.G. granite and tile counter tops). Thoughtfully arranged for both daily…
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Homeowners should know what is generally covered before submitting a claim. However, all too often a claim is denied or homeowners find out that coverage is surprisingly lacking. Those that have been subject to floods have often found far too late that food damage is not covered in a standard policy. This is why it is important to learn more about home insurance. Depending on the area and typical weather conditions, homeowners may want to expand their coverage in order to avoid a potential issue. What are some of the common home insurance issues?

For informational purposes only. Always consult with a financial advisor before proceeding with any real estate transaction.

Know Your Policy

All policies are not the same. Standard policies often

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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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Investment is a term that seizes the attention of even the least business-minded person in a room. When we hear the term, many of us imagine dollar signs, remember our Economics 101 professor, or picture Scrooge McDuck swimming through his sea of gold coins.

In real estate, we toss this term around often. When someone purchases a home, REALTORS® like to communicate every benefit that comes from owning a home. And since real estate investing is such a desirable option in the Northern Michigan market, we find no reason to hold back our enthusiasm about the opportunities we see.

Investment sparks a lot to think about for a family. While you weigh your options about whether to purchase a house or to throw all your extra cash into the stock market,

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The Tourist and Lifestyle Investor On The Housing Market

Intuitively, we might think an increasing population will lead real estate rates to rise. More people means a higher demand for places to live, suggesting the value of homes should increase. While this certainly can happen, it isn't always necessarily the case. Population growth isn't the only factor at play. A dynamic cocktail of interest rates, the economy, government policies, and other unpredictable factors all work together to influence housing prices.

Regardless of whether Northern Michigan real estate rates skyrocket or stay the same, with an influx of tourists and lifestyle vacations , it might be a good time to invest in a rental property and its many benefits. While you may have

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