Tipbook

This is the Tipbook for BrookWalsh.com and Brook Walsh real estate.

Found 55 blog entries about Tipbook.

Northern Michigan has everything you need for nearly any lifestyle. Northern Michigan Escapes vacation rentals can serve as you basecamp as you explore all that our area has to offer.

Local Lakes and Beaches

RELAX ON PRISTINE BEACHES and spend your vacation sunbathing and swimming in Northern Michigan. The best thing about beaches in Michigan is that there are many options to choose from. Whether you’re looking to find a pretty family beach with plenty of facilities or a beach graced with golden sands and ideal conditions for fishing, there is something for everyone.

BEST BEACHES

All over Northern Michigan are incredible beaches, and here are some of the ones we think you should check out. Whether it's swimming in the Great Lakes,

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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.

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.

But the IRS rules for 1031 exchanges are strict and complex. Don’t go it alone, let your local market expert guide you through the process and maximize your investment.

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7 Tips for Skiing and Snowboarding in Cold Weather

Winter at Boyne can get cold in some months! But without the Lake Michigan affect weather, Boyne Mountain Resort's powder-snow wouldn't be what it is and we wouldn't be writing this article to help you stay warm on your ski vacation! With a little preparation and maybe a smart purchase or two along the way, you can ensure that you won't need to worry about the cold and you'll be carving down the slopes on even the most blustery of days.

  1. Lots of layers. Rule number one is a no-brainer for most. In order to prevent heat loss, the best method is to wear multiple layers rather than opting for thick and heavy jackets or sweaters. Plan your outfits accordingly with multiple layers of
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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.

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.

Real Estate Investing for Beginners: 7 Tips To Get Started

There will certainly be a learning curve

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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.

Official Rules and Regulations

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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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There's a reason this beautiful Northern Michigan lake placed second only to Lake Tahoe in USA Today's readers poll of America's best lakes.  A boat tour of Lake Charlevoix will not only give you a beautiful day on the water but access to three of the Northern Michigans best small towns;

  • Boyne City, at the eastern edge of the North arm, has seven condominium complexes located directly on Lake Charlevoix. (Click here to learn more about Boyne City, Michigan Lake Charlevoix Condominium Investment opportunities)

  • Charlevoix, on the lakes western edge, has two condominium complexes located directly on Lake Charlevoix. (Click here to learn more about Charlevoix, Michigan Lake Charlevoix Condominium Investment opportunities)

  • East Jordan, at
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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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Joining a homeowners’ association can be an added perk of living in certain communities. In essence, a homeowners’ association allows a community to agree to share the costs of the extra benefits of living in said community.

HOAs are common in gated neighborhoods with special accommodations like a pool, tennis courts, regular lawn service, and more. They can also afford greater security and fund neighborhood maintenance problems that may arise.

With shared community amenities, a local body to keep the neighborhood uniform and safe, and a community fund to help with issues around the neighborhood, HOAs provide a kind of safety umbrella for neighborhood members.

HOAs can make a neighborhood more pleasant and livable by allowing for shared

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