Found 65 blog entries tagged as Northern Michigan Real Estate.

Real Estate Investing: 4 Big Rookie Mistakes Exposed + 3 Proven Fixes

Investing in real estate can feel like striking gold—provided you know where to dig. Real Estate Investing is a powerful wealth-building tool, but many beginners stumble at the same four hurdles. 

1. Ignoring Market Research

Ignoring Market Research

Skimping on market research is like setting sail without a compass—you’ll drift. New investors often rush to buy the first “bargain” they spot, only to discover later that demand is weak or property values are stagnant.

1.1 Failing to Analyze Neighborhood Trends

Every neighborhood has its own rhythm—schools, crime rates, new developments, and demographic shifts all matter. Rookie investors often look at a property in isolation. Without…

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

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…

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

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…

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

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…

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

The Potential Benefits to Using a Limited Liability Company 

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It was a very busy and exciting time for Brook Walsh, Northern Michigan Escapes founder, and Broker. Brook toured a wonderful family around Boyne City and East Jordan as they looked for Lake Charlevoix waterfront property. The clients were somewhat hesitant to take on a second home as they led quite busy lives and wouldn't be using the home for the next few years. Brook explained the lifecycle of ownership-based services Northern Michigan Escapes provides for their clients and that gave them the peace of mind to make such a considerable investment. How did it turn out after a little more than a year, read their heartwarming client testimonial? (Click here to see Northern Michigan's finest collection of vacation rentals)

SOLD: 1 Water Street #9…

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It was a very busy and exciting weekend for Brook Walsh, Northern Michigan Escapes founder and Broker. The listing for 870 Sommerset Pointe on Lake Charlevoix was introduced to the market on Friday night, and by Friday evening the home went under contact, less than 24 hours after it was listed! (Click here to see all Lake Charlevoix Homes for Sale)

ABOUT 870 POINTE DRIVE IN SOMERSETSOMMERSET POINTE VILLAS ON LAKE CHARLEVOIX

This beautifully designed, Boyne City 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 countertops).

Thoughtfully arranged for both daily life and entertaining, this floor plan will comfortably house…

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It was a very long and tough negotiation for Brook Walsh, Northern Michigan Escapes and Broker. The listing for 549 Bay St in Boyne City on Lake Charlevoix was introduced to the market in 2015. After years of working tirelessly for his client, Brook was able to finally negotiate a close on this contemporary home. (Click here to see all Lake Charlevoix Homes for Sale)

ABOUT 549 BAY ST IN BOYNE CITY ON LAKE CHARLEVOIX

This Lake Charlevoix contemporary exemplifies the Northern Michigan Lifestyle: Soaring windows overlooking the lake, gourmet kitchen, great entertaining indoors & out, wet bar, 3 fireplaces, wine cellar, 5 bedrooms, 3.5 baths, expansive vinyl decking & an outdoor kitchen /grilling.

Enjoy a midnight rendezvous at the…

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5 Reasons To Invest In Northern Michigan Real Estate: Unlocking Unbeatable Potential

Investing in real estate can be a game-changer for building wealth, and when it comes to prime locations, few places hold as much promise as Northern Michigan. From crystal-clear lakeshores to year-round recreational activities, the region’s appeal has never been stronger. In this article, we’ll explore 5 Reasons To Invest In Northern Michigan Real Estate, highlighting everything from booming vacation rentals to favorable financing options. Whether you’re a seasoned investor or just dipping your toes in, these insights will equip you to make informed decisions and seize profitable opportunities in this extraordinary market.

1. Thriving Vacation…

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Everyone dreams about what they’ll look for in a first home. Many Michiganders prefer city living, while others choose a multi-acre property on the outskirts of town. Some consider lavish spaces, and still, others prefer a small house with minimalist furniture and design. (Click here to see Northern Michigan's finest collection of vacation rentals)

Home preferences can feel as distinct as our fingerprints, but the truth is that our housing preferences aren’t as different from one another as they might feel. (Click here to see all Northern Michigan Waterfront Lifestyle Homes for Sale)

At the end of the day, housing trends exist, even to distinguish generation from generation. Many factors play into generational trends:

  • New ideas…

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