Found 4 blog entries tagged as Northern Michigan Real Estate Investing.

 

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. (Click here to see all Northern Michigan Waterfront Lifestyle Homes for Sale)

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. (Click here to see all Lake Charlevoix Homes for Sale)

But the IRS rules for 1031 exchanges are…

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Lake Charlevoix vacation homeIf you value lifestyle in combination with an appreciation profile, there just might be a place in your portfolio for a Northern Michigan vacation home that makes financial sense. Vacation home prices typically lag major market residential rates by 12-36 months.

But with asking prices for Northern Michigan waterfront and ski-proximate real estate up 10 percent to 20 percent this year (based on 24 months sold price per sq ft averages), discounting has not hit our market.

 While the obligations and negative cash flow aspects of ownership can sometimes be burdensome, the numbers still work as illustrated on our Investment Performance page. Now is the time to explore the pluses and minuses of buying a Northern Michigan vacation home property…

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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. (Click here to see Northern Michigan's finest collection of vacation rentals)

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. (Click here to see all Northern Michigan Waterfront Lifestyle Homes for Sale)

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The Tourist and Lifestyle Investor On The Housing Market

Intuitively, we might think an increasing population will lead to 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. (Click here to see Northern Michigan's finest collection of vacation rentals)

Regardless of whether Northern Michigan real estate rates skyrocket or stay the same, with an influx of tourists and lifestyle vacations, it…

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