The "Northern Michigan Tip Book" category of our real estate blog provides a wealth of information and insider tips on living in the Northern Michigan area. From the best local restaurants to hidden gems for outdoor recreation, this category offers a comprehensive guide to the region.

If you are considering buying or selling a property in Northern Michigan, our "Tip Book" can provide you with valuable insights into the lifestyle and culture of this stunning area.

Investing in Real Estate

Spend money to make money. If you find yourself with some extra money in the bank, you might be wondering what the best course of action is: should I save it or invest? Purchasing real estate has long been considered one of the best ways to not only own more assets but to also return a profit from them too. (Click here to see Northern Michigan's finest collection of vacation rentals)

Flipping houses or purchasing homes for renting are the two primary ways to return a profit from real estate. Here are some important things to consider to help you choose which path is best for your home:

Buy The Right House

It’s critical that you buy a house that's both affordable for you and in a desirable location for the…

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Are you ready to buy a second home in Northern Michigan? Be it a vacation home, an investment property, or a new house, buying a second home can be difficult to finance. Lenders see a second home mortgage as a higher risk and they may be more wary about approving a loan. Many buyers shy away from investing in a new home in fear that they won't be able to get a mortgage on a second property. Don't worry, with this guide, finding and financing your property can be a smooth process. (Click here to see all Northern Michigan Waterfront Lifestyle Homes for Sale)

Control Your Debt

One of the most important things you can do when buying a second home is to make sure your debt is controlled. Your lender should have a detailed report of all loans,…

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Investment properties can be intimidating to the first-time investor. When done right, however, real estate investment can be very rewarding, and a great source of income. There are several things to consider before purchasing your first investment property. The road to real estate riches is paved with obstacles that can affect your bottom line. Here are some of the things you should and should not do when it comes to purchasing investment properties for the future.

Do: Create a Plan for Your Investment Property

Are you ready to invest? In other words, do you have a well thought out plan in front of you? Creating a plan for your investment property can give you more of an idea of what needs to be done. You’re also able to learn whether or not…

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The entrepreneurial spirit certainly comes alive in the industry of flipping Northern Michigan homes. It tends to attract keen investors, savvy real estate enthusiasts, and handy contractors. Interested in jumping into the business? Check out our tips to see if you’d pass muster, and let us know if you’d like to dive in! (Click here to see all Northern Michigan Waterfront Lifestyle Homes for Sale)

Building Business Savvy

Your biggest asset before you start flipping homes is your expertise. You’ll need to study up on the Northern Michigan real estate market, not to mention the essentials of flipping. Your business savvy will help set you apart in the eyes of the experienced pros.

  • Look for your niche: What kind of homes do you want…

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One of the dreaded tasks of any landlord is finding a great tenant for your rental property. Tenant screening is a critical process, and when done correctly can eliminate the majority of common bad tenant issues. Add these helpful tips to your tenant screening checklist, and find the properly qualified tenant of your dreams. (Click here to see Northern Michigan's finest collection of vacation rentals)

Screen over the phone

What many landlords fail to realize is that the tenant screening process starts at first contact, which is typically by phone or e-mail. Before you proceed to a showing, screen for potential red flags by getting answers to the following questions:

  • Name
  • Contact info
  • Reason for moving
  • Intended rental…

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