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why invest in northern michigan real estate

Invest In Northern Michigan Real Estate

Investment grabs even the least business-minded person’s attention so we created 5 Reasons To Invest In Northern Michigan Real Estate. Many of us picture dollar signs, our Economics 101 professor, or Scrooge McDuck swimming in gold coins when we hear the term.

This term is common in real estate. REALTORS® likes to share the benefits of home ownership with buyers. Since real estate investing in Northern Michigan is so popular, we’re excited about the opportunities we see.

The family investment raises many questions. Here are five reasons Northern Michigan real estate investment is preferable to the stock market:

1. Safer Investment Wager

If someone tries to sell you a risk-free investment, run as fast as you can. Investing is risky. Pros and cons, risks and rewards are part of the game.

Real estate is safer than investing in a single stock or bond. Consider the safety of a real estate purchase by calculating the money you’re NOT spending as much as the money you are.

Let’s pretend for a moment that you did not invest your money into real estate. Instead, you tossed every investment dollar into your favorite stock. Even if that stock performs as well as you hoped, you are still paying hundreds of dollars each month to your landlord to keep a roof over your head.

Rent is like a stock investor’s “Living Fee” because it’s paid to a business. Real estate investors pay off mortgages to invest in living expenses. We’re investing in our home’s equity.

To compare real estate and stock investment, subtract tenant-related expenses from stock portfolio earnings. Real estate will likely always yield higher returns, I think.

2. Business Owner

Some real estate investments return quickly. Paychecks remind homeowners who rent rooms or the whole house of their good investment.

Entrepreneurs are landlords. The most strategic landlords exceed their mortgage payments with tenant income. The tenant pays your mortgage and gives you extra cash.

3. An Investment With Benefits You See Every Day

Owning a home gives you a roof over your head, autonomy, and extra money each month. Real estate has long- and short-term returns.

Long-term returns include money when you sell the home.

Short-term investments include a place to live, the autonomy of owning and designing your own home, and monthly income from renting out a room.

4. More Cash To Invest

Some economists point to the stock market’s higher return. Most households don’t have the cash needed to take advantage of high-return investments, despite what economists say. Banks don’t give “stock-investment loans,” they give home loans.

Scales are tipped. One can invest $200,000 in real estate with bank help, but don’t expect the same generosity for a stock investment loan. Stocks are purchased with cash. You may have a higher average return, but by investing less, your money goes further.

5. Northern Michigan Is Booming

Now we come to my favorite part: I can’t think of a better place to be a real estate agent than in Northern Michigan. Homes in the area are booming. Commercial and residential real estate values are on the climb.

Of course, no investment is without risk. But if you’re going to put your dollars anywhere, the real estate market in Northern Michigan is a smart way to go.

If you are in the market for real estate in Northern Michigan, reach out to Brook Walsh today. Whether you’re looking for a home in Boyne Mountain, Lake Charlevoix, or some city nearby, our agents know the area best and can help you find the home that fits your budget and your lifestyle. Start building your real estate investment portfolio soon by calling today.

I’d like to help you find the right price and the right time to make your next move a successful one. Send me a message or give me a call at 231.459.3179 to learn more today. Or, contact Northern Michigan Escapes.

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