Found 42 blog entries tagged as Northern Michigan Real Estate Investment.

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

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.  (Click here to see all…

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This article summarizes some key Michigan landlord-tenant laws applicable to residential rental units.

The Official State Statutes and other reputable municipal sources were used to research this information. All sources are cited appropriately.

With that said, landlord-tenant laws are always changing, and may even vary from county to county.  You have a responsibility to perform your own research and cautiously apply the laws to your unique situation.

If you have a legal question or concern, I only recommend contacting a licensed attorney referral service that is operated by the State Bar of Michigan. This article is not intended to be exhaustive or a substitute for qualified legal advice. (Click here to see Northern Michigan's…

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What Are Michigan's Most Expensive Lakes?

With more than 11,000 inland lakes and their entire shape defined by the Great Lakes, Michigan is a hot spot for lakefront real estate. A recent report from, a multi-state brokerage, and real estate database, offers some insight into where the priciest lakefront real estate is found in Michigan. To compile its quarterly Lake Market Report, pulled MLS data to find the average listing price for all for-sale homes in each market on Sept. 1, 2018. The top 10 most expensive lakes for lakefront homes in Michigan are listed below, ordered from the least expensive lake to the most expensive lake at No. 1.  (Click here to see all Northern Michigan Waterfront Lifestyle Homes for…

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What Is a NNN (Triple Net Lease)?

A triple net lease (also known as a NNN lease) is a lease agreement in which the tenant or lessee agrees to cover all of the property's expenses, such as real estate taxes, building insurance, and upkeep. These costs are in addition to your rent and utility bills. In ordinary commercial lease arrangements, however, the landlord is usually responsible for some or all of these payments.

Commercial property net leases come in a variety of forms, including NNNs. In a single net lease, tenants must pay property taxes in addition to rent, while a double net lease usually includes property insurance.

Important Takeaways

  • A triple net lease (NNN) requires the tenant to pay all property expenses, including…

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A blanket mortgage is designed to finance the purchase of multiple properties simultaneously.1 They’re often used by real estate investors and commercial property owners looking to buy up several properties at once. Because they condense multiple mortgage applications into a single one, they’re able to save time, reduce costs, and increase efficiency for buyers.

In some cases, consumers might consider a blanket mortgage in order to finance a new home’s construction.

When to Use a Blanket Mortgage 

Blanket mortgages are most often used by investors, commercial property owners, and multifamily buyers looking to rent their properties or otherwise make income off of them. Investors often use…

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When you invest in Northern Michigan real estate, there are several ways you can make money:

  1. Real Estate Appreciation
    It is when the property increases in value due to a change in the real estate market, the land around your property becoming scarcer or busier like when a major shopping center is built next door or upgrades you put into your real estate investment to make it more attractive to potential buyers or renters. Real estate appreciation is a tricky game. It is riskier than investing in cash flow income.

  2. Cash Flow Income
    This type of real estate investment focuses on buying a real estate property, such as an apartment building, and operating it, so you collect a stream of cash from rent, which is the money a…

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When you buy a vacation home, you’re making one of the few investments that offer both personal and financial rewards. And you don’t have to be a real estate tycoon to pull it off.

Buy a vacation home to live on your terms

Buying a vacation home allows you to diversify your income, build wealth, plan for retirement, and, of course, take a vacation at no extra cost to you. Some investors weigh one benefit more heavily than the others, but once you’re clear on why you want to buy a vacation home, you can focus your search and match your investment with your priorities.

Diversify your income

When you buy a vacation home and choose to rent it out, it’s possible to create a new, short-term rental revenue stream. This income could supplement…

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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 cash flow benefits may be even greater.

Investing in a vacation home that’s also a vacation rental can create a best-of-both-world 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 Vacasa make life even easier by booking and communicating with guests while also managing the day-to-day responsibilities of the…

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Once you have a clear understanding of why to buy a vacation home, the next step is understanding the cost—whether you can afford it.

Budgeting for a vacation home is different than your primary residence, in part because mortgage lenders and the IRS will treat your purchase differently based on whether they categorize it as a second home or an investment property.

Mortgage lenders and the IRS look at different factors to categorize your home (and may define them differently), but generally speaking, an investment property is rented out to generate additional income while a second home is for your own personal use. Taking out a mortgage may be easier for a second home than an investment property, but there are trade-offs when it comes to how you…

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Before you sell, consider swapping your aging income property for a vacation home in a like-kind real estate exchange.

Put simply, a 1031 exchange is IRS-speak for swapping one income property for another. It’s a unique tax benefit—with some specific requirements—that’s becoming more common in real estate deals as property owners increasingly look to trade up for vacation homes.

In 1031 exchanges (or "swaps"), you’re changing your investment in the eyes of the IRS, transferring the gain from one property to another while allowing your investment to grow tax-deferred. If you qualify for a 1031 exchange, you’ll defer paying taxes on the sale until you sell many years later. And since there are currently no limits to how many times you can 1031…

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