Ultimate Benzie County Real Estate Investing Guide for 2024

Overview

Benzie County Real Estate Investing Market Overview

Over the most recent ten years, the population growth rate in Benzie County has an annual average of . To compare, the annual population growth for the whole state averaged and the U.S. average was .

The entire population growth rate for Benzie County for the most recent ten-year span is , in comparison to for the state and for the country.

At this time, the median home value in Benzie County is . In contrast, the median value in the United States is , and the median price for the total state is .

During the last ten years, the annual appreciation rate for homes in Benzie County averaged . The average home value appreciation rate in that time throughout the entire state was annually. Across the United States, property prices changed annually at an average rate of .

The gross median rent in Benzie County is , with a state median of , and a United States median of .

Benzie County Real Estate Investing Highlights

Benzie County Top Highlights

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Based on latest data from the US Census Bureau
Based on latest data from the US Census Bureau

Strategies

Strategy Selection

When you’re scrutinizing a possible real estate investment site, your analysis should be lead by your real estate investment plan.

We are going to provide you with guidelines on how to look at market data and demography statistics that will influence your unique sort of real estate investment. Apply this as a manual on how to capitalize on the guidelines in these instructions to uncover the best communities for your real estate investment criteria.

All real estate investors should look at the most critical site factors. Convenient connection to the community and your selected neighborhood, public safety, reliable air travel, etc. Beyond the basic real estate investment site criteria, diverse kinds of real estate investors will scout for additional location strengths.

Real property investors who own vacation rental properties want to find places of interest that bring their target tenants to the area. Flippers want to see how quickly they can unload their renovated real property by studying the average Days on Market (DOM). If you see a six-month stockpile of residential units in your price category, you might need to search in a different place.

The unemployment rate must be one of the important statistics that a long-term landlord will search for. They will review the community’s most significant companies to see if it has a disparate collection of employers for their tenants.

When you are undecided about a plan that you would want to follow, think about getting knowledge from real estate investor coaches in Benzie County MI. An additional useful possibility is to participate in one of Benzie County top property investor clubs and attend Benzie County real estate investor workshops and meetups to meet assorted professionals.

Let’s look at the various kinds of real estate investors and metrics they know to scout for in their location research.

Active Real Estate Investment Strategies

Buy and Hold

The buy and hold strategy involves purchasing an investment property and keeping it for a significant period of time. Throughout that time the investment property is used to create mailbox income which increases your revenue.

At some point in the future, when the value of the property has improved, the real estate investor has the option of selling the asset if that is to their advantage.

An outstanding expert who is graded high in the directory of real estate agents who serve investors in Benzie County MI will guide you through the specifics of your proposed real estate investment locale. Our suggestions will outline the items that you should use in your venture plan.

 

Factors to Consider

Property Appreciation Rate

Property appreciation rates are one of the initial factors that indicate if the market has a secure, stable real estate investment market. You are trying to find steady increases each year. Long-term property appreciation is the underpinning of your investment strategy. Flat or declining investment property market values will eliminate the principal factor of a Buy and Hold investor’s program.

Population Growth

A decreasing population indicates that with time the total number of residents who can lease your property is declining. This is a sign of decreased lease rates and property market values. People migrate to get better job opportunities, superior schools, and safer neighborhoods. You should discover growth in a location to consider buying there. Hunt for cities that have reliable population growth. Increasing sites are where you can encounter appreciating property values and robust lease rates.

Property Taxes

Property tax bills will weaken your returns. You need to skip places with excessive tax rates. Municipalities ordinarily cannot pull tax rates lower. A municipality that often increases taxes could not be the properly managed city that you are searching for.

Occasionally a singular parcel of real property has a tax evaluation that is too high. In this case, one of the best property tax consultants in Benzie County MI can make the area’s municipality review and possibly reduce the tax rate. However, in atypical situations that require you to go to court, you will require the help of the best real estate tax appeal attorneys in Benzie County MI.

Price to rent ratio

Price to rent ratio (p/r) is calculated by dividing the median property price by the yearly median gross rent. A city with low rental prices has a high p/r. This will allow your investment to pay itself off within a justifiable timeframe. You do not want a p/r that is low enough it makes purchasing a residence cheaper than renting one. You might lose tenants to the home purchase market that will leave you with unused properties. Nonetheless, lower p/r ratios are usually more preferred than high ratios.

Median Gross Rent

Median gross rent will show you if a city has a consistent rental market. Regularly increasing gross median rents demonstrate the type of dependable market that you are looking for.

Median Population Age

You should use a location’s median population age to estimate the percentage of the populace that might be renters. Search for a median age that is similar to the age of working adults. A median age that is unreasonably high can indicate growing eventual use of public services with a decreasing tax base. Higher tax levies can become necessary for cities with an aging population.

Employment Industry Diversity

If you are a long-term investor, you cannot accept to compromise your asset in a location with a few primary employers. A reliable area for you includes a different selection of business types in the area. This keeps the issues of one business category or corporation from impacting the whole rental housing market. If the majority of your renters work for the same company your rental revenue is built on, you are in a problematic situation.

Unemployment Rate

If a market has a severe rate of unemployment, there are too few renters and buyers in that community. Current tenants can go through a difficult time paying rent and new tenants might not be much more reliable. The unemployed are deprived of their buying power which affects other companies and their employees. Companies and individuals who are contemplating moving will look elsewhere and the market’s economy will deteriorate.

Income Levels

Residents’ income statistics are scrutinized by any ‘business to consumer’ (B2C) business to locate their customers. Your assessment of the location, and its particular sections you want to invest in, should include a review of median household and per capita income. Acceptable rent standards and occasional rent bumps will require an area where salaries are growing.

Number of New Jobs Created

Knowing how frequently additional jobs are created in the city can bolster your appraisal of the area. A reliable source of tenants needs a robust job market. New jobs create a stream of renters to replace departing ones and to lease new rental investment properties. An expanding job market produces the dynamic influx of homebuyers. A vibrant real property market will benefit your long-range plan by producing a strong resale price for your property.

School Ratings

School quality must also be closely scrutinized. With no strong schools, it will be challenging for the region to appeal to additional employers. Strongly rated schools can draw new families to the region and help hold onto current ones. An uncertain source of renters and home purchasers will make it challenging for you to reach your investment targets.

Natural Disasters

With the primary goal of reselling your property after its value increase, its physical status is of uppermost priority. Accordingly, endeavor to bypass communities that are frequently impacted by environmental calamities. In any event, your property & casualty insurance ought to cover the asset for damages caused by events like an earth tremor.

As for potential harm caused by tenants, have it covered by one of the recommended landlord insurance brokers in Benzie County MI.

Long Term Rental (BRRRR)

The abbreviation BRRRR is a description of a long-term rental strategy — Buy, Rehab, Rent, Refinance, Repeat. This is a strategy to expand your investment assets rather than purchase a single asset. It is essential that you are qualified to receive a “cash-out” refinance loan for the strategy to be successful.

The After Repair Value (ARV) of the house needs to equal more than the combined acquisition and rehab costs. Then you withdraw the value you created from the asset in a “cash-out” mortgage refinance. You purchase your next house with the cash-out capital and start all over again. You acquire more and more rental homes and repeatedly increase your lease revenues.

When your investment real estate portfolio is large enough, you can delegate its oversight and collect passive cash flow. Locate the best property management companies in Benzie County MI by looking through our directory.

 

Factors to Consider

Population Growth

The increase or downturn of a region’s population is a valuable barometer of the community’s long-term appeal for rental property investors. An increasing population often indicates busy relocation which means new renters. The area is appealing to companies and workers to locate, work, and raise families. A growing population constructs a stable foundation of renters who will survive rent bumps, and a robust seller’s market if you need to liquidate your assets.

Property Taxes

Property taxes, similarly to insurance and upkeep expenses, can vary from place to place and must be looked at cautiously when estimating possible returns. Investment homes located in excessive property tax locations will provide less desirable profits. Excessive property taxes may signal an unreliable city where costs can continue to expand and must be considered a red flag.

Price to Rent Ratio

The price to rent ratio (p/r) is a clue to what amount of rent can be collected compared to the market worth of the property. An investor can not pay a large price for a house if they can only demand a small rent not letting them to repay the investment within a suitable time. The less rent you can charge the higher the p/r, with a low p/r illustrating a better rent market.

Median Gross Rents

Median gross rents are an important illustration of the stability of a rental market. You need to find a market with consistent median rent increases. Dropping rental rates are a red flag to long-term investor landlords.

Median Population Age

The median population age that you are looking for in a good investment environment will be close to the age of salaried people. If people are resettling into the community, the median age will not have a challenge staying at the level of the workforce. If you find a high median age, your stream of renters is becoming smaller. An active real estate market cannot be sustained by retiring workers.

Employment Base Diversity

Accommodating various employers in the region makes the economy less unpredictable. If people are employed by a couple of major employers, even a little interruption in their operations might cause you to lose a lot of renters and increase your exposure enormously.

Unemployment Rate

You won’t have a steady rental income stream in a market with high unemployment. Otherwise successful businesses lose clients when other companies retrench employees. The still employed people might find their own wages marked down. Even renters who have jobs may find it hard to stay current with their rent.

Income Rates

Median household and per capita income level is a helpful instrument to help you find the areas where the renters you are looking for are located. Rising salaries also inform you that rental prices can be hiked over your ownership of the property.

Number of New Jobs Created

The strong economy that you are on the lookout for will be generating a high number of jobs on a constant basis. Additional jobs equal a higher number of tenants. Your plan of renting and acquiring more rentals needs an economy that can develop new jobs.

School Ratings

School rankings in the community will have a huge impact on the local residential market. Well-respected schools are a necessity for employers that are looking to relocate. Business relocation creates more tenants. Property values increase with new employees who are homebuyers. Highly-rated schools are an important ingredient for a robust real estate investment market.

Property Appreciation Rates

Robust real estate appreciation rates are a must for a successful long-term investment. Investing in real estate that you want to keep without being confident that they will grow in market worth is a recipe for disaster. You don’t need to spend any time reviewing communities with poor property appreciation rates.

Short Term Rentals

Residential properties where tenants live in furnished units for less than thirty days are referred to as short-term rentals. The nightly rental rates are normally higher in short-term rentals than in long-term rental properties. Short-term rental homes could require more continual care and sanitation.

House sellers standing by to move into a new house, people on vacation, and individuals on a business trip who are stopping over in the community for a few days enjoy renting apartments short term. Ordinary property owners can rent their homes on a short-term basis with platforms like AirBnB and VRBO. This makes short-term rentals a convenient method to endeavor residential property investing.

Short-term rental units require engaging with renters more repeatedly than long-term rentals. This determines that property owners deal with disputes more frequently. Think about covering yourself and your portfolio by adding one of real estate lawyers in Benzie County MI to your team of experts.

 

Factors to Consider

Short-Term Rental Income

You need to find out how much revenue needs to be created to make your effort profitable. A glance at an area’s up-to-date standard short-term rental rates will show you if that is a strong area for your investment.

Median Property Prices

You also need to determine how much you can afford to invest. Search for areas where the purchase price you prefer matches up with the present median property values. You can narrow your community search by studying the median values in particular neighborhoods.

Price Per Square Foot

Price per sq ft gives a general picture of property prices when looking at comparable real estate. A house with open foyers and high ceilings can’t be contrasted with a traditional-style property with bigger floor space. If you take note of this, the price per sq ft can provide you a general estimation of local prices.

Short-Term Rental Occupancy Rate

The need for new rental properties in a region may be seen by going over the short-term rental occupancy level. If nearly all of the rentals have tenants, that area demands new rental space. If investors in the market are having issues filling their existing properties, you will have trouble finding renters for yours.

Short-Term Rental Cash-on-Cash Return

A short-term rental’s cash-on-cash return can inform you if the property is a wise use of your cash. Divide the Net Operating Income (NOI) by the total amount of cash put in. The result will be a percentage. High cash-on-cash return shows that you will regain your cash more quickly and the purchase will be more profitable. Financed ventures will have a stronger cash-on-cash return because you will be using less of your cash.

Average Short-Term Rental Capitalization (Cap) Rates

One measurement indicates the value of a property as a revenue-producing asset — average short-term rental capitalization (cap) rate. An investment property that has a high cap rate as well as charging average market rental rates has a strong market value. Low cap rates reflect more expensive real estate. The cap rate is determined by dividing the Net Operating Income (NOI) by the asking price or market value. The result is the per-annum return in a percentage.

Local Attractions

Short-term rental units are preferred in regions where vacationers are drawn by activities and entertainment spots. This includes major sporting tournaments, youth sports activities, schools and universities, large concert halls and arenas, carnivals, and theme parks. At specific times of the year, regions with outside activities in mountainous areas, oceanside locations, or alongside rivers and lakes will bring in crowds of visitors who need short-term residence.

Fix and Flip

To fix and flip real estate, you have to buy it for below market worth, handle any necessary repairs and improvements, then liquidate it for better market value. The keys to a profitable fix and flip are to pay less for the home than its current market value and to correctly compute the amount you need to spend to make it marketable.

You also want to know the resale market where the home is situated. Locate a community that has a low average Days On Market (DOM) metric. As a “house flipper”, you will need to put up for sale the renovated home immediately in order to avoid upkeep spendings that will reduce your profits.

To help motivated residence sellers find you, place your firm in our catalogues of cash house buyers in Benzie County MI and property investment companies in Benzie County MI.

In addition, hunt for bird dogs for real estate investors in Benzie County MI. These experts concentrate on rapidly finding good investment opportunities before they hit the open market.

 

Factors to Consider

Median Home Price

When you look for a lucrative area for real estate flipping, research the median house price in the community. Lower median home prices are an indicator that there should be a steady supply of real estate that can be acquired for lower than market worth. This is a primary feature of a fix and flip market.

When you see a sudden drop in home values, this may indicate that there are possibly properties in the market that qualify for a short sale. Investors who partner with short sale facilitators in Benzie County MI get regular notices regarding potential investment real estate. You’ll discover valuable data concerning short sales in our extensive blog post ⁠— What Is the Process of Buying a Short Sale House?.

Property Appreciation Rate

Dynamics relates to the track that median home prices are treading. You’re searching for a reliable increase of the area’s home prices. Home purchase prices in the area should be increasing constantly, not abruptly. You may end up purchasing high and selling low in an unsustainable market.

Average Renovation Costs

You’ll want to estimate building expenses in any prospective investment market. The time it will require for acquiring permits and the local government’s requirements for a permit application will also affect your decision. To create a detailed financial strategy, you will have to find out if your plans will be required to use an architect or engineer.

Population Growth

Population statistics will tell you whether there is solid demand for housing that you can supply. When there are purchasers for your restored homes, the statistics will show a robust population growth.

Median Population Age

The median residents’ age will also show you if there are enough homebuyers in the region. The median age in the region needs to equal the one of the usual worker. A high number of such residents indicates a substantial source of home purchasers. The goals of retired people will probably not be included your investment project strategy.

Unemployment Rate

When assessing an area for investment, keep your eyes open for low unemployment rates. It must definitely be lower than the nation’s average. When it’s also lower than the state average, that is much more desirable. To be able to buy your repaired property, your clients have to have a job, and their clients too.

Income Rates

Median household and per capita income amounts explain to you if you will obtain qualified home buyers in that market for your residential properties. The majority of people who purchase a house have to have a mortgage loan. The borrower’s wage will show the amount they can borrow and if they can buy a home. The median income data will tell you if the community is eligible for your investment plan. You also want to see salaries that are going up over time. Building expenses and home purchase prices rise periodically, and you want to be sure that your prospective homebuyers’ salaries will also get higher.

Number of New Jobs Created

The number of jobs created per annum is useful insight as you reflect on investing in a target community. An increasing job market communicates that a larger number of potential homeowners are amenable to buying a house there. With a higher number of jobs generated, new prospective home purchasers also move to the city from other places.

Hard Money Loan Rates

Fix-and-flip real estate investors often employ hard money loans rather than conventional loans. This lets them to quickly purchase distressed assets. Research Benzie County hard money loan companies and look at lenders’ charges.

Someone who needs to learn about hard money financing products can discover what they are and the way to use them by reading our article titled What Is Hard Money Financing?.

Wholesaling

In real estate wholesaling, you search for a residential property that real estate investors may consider a good investment opportunity and enter into a sale and purchase agreement to purchase it. However you do not purchase the home: after you have the property under contract, you allow a real estate investor to take your place for a fee. The investor then settles the acquisition. The real estate wholesaler doesn’t sell the residential property itself — they just sell the purchase agreement.

This business involves employing a title firm that’s knowledgeable about the wholesale contract assignment procedure and is able and inclined to coordinate double close transactions. Hunt for title companies that work with wholesalers in Benzie County MI in our directory.

Read more about the way to wholesale property from our definitive guide — Real Estate Wholesaling Explained for Beginners. When you opt for wholesaling, add your investment company in our directory of the best wholesale property investors in Benzie County MI. This will help your future investor buyers locate and reach you.

 

Factors to Consider

Median Home Prices

Median home prices are essential to discovering areas where residential properties are being sold in your real estate investors’ purchase price level. Since real estate investors want investment properties that are on sale for lower than market price, you will want to see reduced median purchase prices as an indirect hint on the potential availability of properties that you could buy for below market price.

A fast decline in the price of property might generate the swift appearance of properties with more debt than value that are wanted by wholesalers. This investment method frequently provides multiple particular perks. Nevertheless, it also raises a legal risk. Find out about this from our guide Can I Wholesale a Short Sale Home?. Once you want to give it a try, make sure you have one of short sale legal advice experts in Benzie County MI and foreclosure attorneys in Benzie County MI to consult with.

Property Appreciation Rate

Median home price trends are also vital. Real estate investors who intend to hold real estate investment properties will have to discover that home market values are steadily increasing. Both long- and short-term real estate investors will stay away from a region where home purchase prices are going down.

Population Growth

Population growth information is a contributing factor that your prospective real estate investors will be familiar with. A growing population will require more residential units. There are more individuals who lease and additional customers who buy homes. When an area is losing people, it does not necessitate additional residential units and investors will not look there.

Median Population Age

A favorarble residential real estate market for investors is strong in all areas, notably renters, who turn into homebuyers, who transition into larger real estate. This needs a vibrant, stable labor force of individuals who feel confident to shift up in the housing market. A location with these features will have a median population age that is equivalent to the wage-earning resident’s age.

Income Rates

The median household and per capita income should be increasing in a friendly residential market that real estate investors prefer to operate in. When renters’ and home purchasers’ salaries are expanding, they can manage surging rental rates and real estate purchase prices. That will be vital to the property investors you are looking to draw.

Unemployment Rate

Investors will carefully evaluate the market’s unemployment rate. Delayed lease payments and default rates are higher in markets with high unemployment. This negatively affects long-term investors who plan to rent their property. Renters cannot level up to homeownership and current homeowners can’t sell their property and go up to a more expensive residence. This can prove to be difficult to locate fix and flip investors to close your contracts.

Number of New Jobs Created

Understanding how frequently fresh jobs are generated in the community can help you find out if the real estate is located in a good housing market. Job creation suggests additional employees who have a need for housing. Long-term investors, such as landlords, and short-term investors such as flippers, are drawn to areas with impressive job appearance rates.

Average Renovation Costs

Rehabilitation spendings have a large influence on a flipper’s returns. The cost of acquisition, plus the costs of rehabilitation, should total to less than the After Repair Value (ARV) of the house to create profit. Seek lower average renovation costs.

Mortgage Note Investing

Buying mortgage notes (loans) is successful when the note can be acquired for a lower amount than the face value. By doing this, the investor becomes the lender to the first lender’s debtor.

Performing loans are mortgage loans where the debtor is consistently on time with their loan payments. Performing loans are a steady provider of passive income. Investors also purchase non-performing mortgages that they either restructure to help the borrower or foreclose on to acquire the property less than actual worth.

At some time, you may accrue a mortgage note portfolio and notice you are needing time to service it on your own. At that time, you may need to utilize our directory of Benzie County top mortgage loan servicing companies and redesignate your notes as passive investments.

If you choose to try this investment strategy, you ought to include your venture in our list of the best promissory note buyers in Benzie County MI. Being on our list places you in front of lenders who make profitable investment opportunities accessible to note investors such as you.

 

Factors to consider

Foreclosure Rates

Investors looking for current mortgage loans to acquire will hope to see low foreclosure rates in the community. Non-performing mortgage note investors can carefully take advantage of places that have high foreclosure rates as well. The neighborhood should be active enough so that investors can foreclose and liquidate properties if necessary.

Foreclosure Laws

Experienced mortgage note investors are fully aware of their state’s regulations regarding foreclosure. Are you dealing with a Deed of Trust or a mortgage? With a mortgage, a court has to approve a foreclosure. You only have to file a public notice and initiate foreclosure steps if you are working with a Deed of Trust.

Mortgage Interest Rates

Mortgage note investors take over the interest rate of the mortgage loan notes that they acquire. That interest rate will unquestionably impact your returns. Interest rates impact the strategy of both types of mortgage note investors.

The mortgage loan rates set by traditional mortgage lenders are not equal everywhere. Mortgage loans supplied by private lenders are priced differently and may be more expensive than conventional mortgage loans.

Successful investors regularly review the interest rates in their region set by private and traditional mortgage firms.

Demographics

When note buyers are determining where to invest, they will examine the demographic data from likely markets. The area’s population increase, unemployment rate, job market increase, income levels, and even its median age contain important facts for note investors.
Performing note investors look for clients who will pay as agreed, creating a consistent income source of loan payments.

Mortgage note investors who acquire non-performing mortgage notes can also make use of growing markets. If non-performing mortgage note investors have to foreclose, they will need a strong real estate market to unload the REO property.

Property Values

The more equity that a borrower has in their home, the more advantageous it is for the mortgage loan holder. When the property value isn’t higher than the loan amount, and the mortgage lender has to start foreclosure, the house might not sell for enough to repay the lender. As loan payments reduce the amount owed, and the value of the property goes up, the homeowner’s equity goes up too.

Property Taxes

Most often, lenders collect the property taxes from the homebuyer each month. When the property taxes are payable, there needs to be adequate funds being held to take care of them. If the homebuyer stops performing, unless the note holder remits the property taxes, they will not be paid on time. If a tax lien is filed, it takes a primary position over the lender’s loan.

If a community has a record of increasing tax rates, the combined house payments in that area are regularly expanding. This makes it tough for financially challenged homeowners to meet their obligations, and the mortgage loan might become delinquent.

Real Estate Market Strength

A place with growing property values offers strong opportunities for any note buyer. They can be assured that, when required, a repossessed property can be sold at a price that makes a profit.

Vibrant markets often offer opportunities for private investors to make the initial mortgage loan themselves. This is a strong source of income for accomplished investors.

Passive Real Estate Investment Strategies

Syndications

When people cooperate by investing money and developing a company to own investment real estate, it’s referred to as a syndication. One partner structures the deal and enlists the others to participate.

The partner who pulls everything together is the Sponsor, also called the Syndicator. The Syndicator arranges all real estate activities i.e. acquiring or developing properties and managing their operation. He or she is also in charge of distributing the promised income to the remaining investors.

Syndication participants are passive investors. In return for their money, they have a superior status when revenues are shared. They aren’t given any authority (and therefore have no duty) for making company or investment property supervision decisions.

 

Factors to consider

Real Estate Market

Your choice of the real estate market to hunt for syndications will depend on the plan you want the potential syndication venture to follow. To understand more about local market-related elements significant for different investment strategies, read the earlier sections of this webpage concerning the active real estate investment strategies.

Sponsor/Syndicator

If you are considering being a passive investor in a Syndication, make certain you research the reputation of the Syndicator. Search for someone being able to present a record of profitable ventures.

In some cases the Syndicator doesn’t put funds in the venture. You might want that your Syndicator does have funds invested. Some projects determine that the work that the Syndicator performed to create the venture as “sweat” equity. Depending on the specifics, a Syndicator’s payment might involve ownership as well as an upfront payment.

Ownership Interest

All participants hold an ownership percentage in the partnership. You need to search for syndications where the members injecting cash receive a higher portion of ownership than partners who are not investing.

Being a cash investor, you should also expect to be provided with a preferred return on your funds before profits are distributed. Preferred return is a portion of the capital invested that is distributed to capital investors from profits. All the partners are then issued the remaining profits calculated by their percentage of ownership.

If company assets are liquidated for a profit, the profits are distributed among the members. Combining this to the regular income from an income generating property notably improves your returns. The operating agreement is cautiously worded by an attorney to explain everyone’s rights and duties.

REITs

A REIT, or Real Estate Investment Trust, means a business that invests in income-producing assets. REITs were invented to permit average investors to invest in real estate. Most people currently are capable of investing in a REIT.

Investing in a REIT is a kind of passive investing. The liability that the investors are accepting is spread within a selection of investment assets. Investors can unload their REIT shares whenever they choose. But REIT investors don’t have the ability to choose specific properties or locations. Their investment is limited to the investment properties selected by the REIT.

Real Estate Investment Funds

Mutual funds holding shares of real estate companies are referred to as real estate investment funds. Any actual real estate is held by the real estate businesses rather than the fund. These funds make it easier for additional people to invest in real estate. Fund shareholders might not receive usual distributions the way that REIT participants do. The worth of a fund to someone is the projected growth of the worth of its shares.

You can select a fund that focuses on a predetermined kind of real estate you are knowledgeable about, but you do not get to pick the geographical area of each real estate investment. As passive investors, fund participants are content to permit the directors of the fund determine all investment decisions.

Housing

Benzie County Housing 2024

Benzie County shows a median home value of , the entire state has a median market worth of , at the same time that the median value nationally is .

The average home appreciation percentage in Benzie County for the last decade is annually. The entire state’s average during the previous decade was . Throughout the same period, the national yearly residential property value growth rate is .

In the rental property market, the median gross rent in Benzie County is . The same indicator in the state is , with a countrywide gross median of .

The rate of people owning their home in Benzie County is . The percentage of the total state’s citizens that own their home is , compared to across the nation.

The leased housing occupancy rate in Benzie County is . The state’s renter occupancy rate is . Across the US, the percentage of tenanted residential units is .

The rate of occupied houses and apartments in Benzie County is , and the percentage of unused homes and multi-family units is .

Housing Quick Stats
Home Appreciation Rate(2010-2020)
Median Home Value
Median Gross Rent
Price To Rent Ratio
Home Ownership Rate
Tenant Occupied Rate
Average Property Tax Rate

Benzie County Home Ownership

Benzie County Rent & Ownership

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Benzie County Rent Vs Owner Occupied By Household Type

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Benzie County Occupied & Vacant Number Of Homes And Apartments

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Benzie County Household Type

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Benzie County Property Types

Benzie County Age Of Homes

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Benzie County Types Of Homes

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Benzie County Homes Size

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Marketplace

Benzie County Investment Property Marketplace

If you are looking to invest in Benzie County real estate, our Investment Property Marketplace can become your indispensable tool in your investing business. To help you easily find the best off-market deals in the Benzie County area, we created a nationwide investor-friendly online platform. Use it to shop for lucrative off-market properties for sale according to your specific buying criteria.

Unlike other real estate listing websites, our marketplace’s interface is particularly designed for investors. Besides the purchase price, you can see other, essential to investors, key indicators such as: rehab costs and ARV, potential profit, FSBO, or realtor-assisted deal, and others. To get started, visit our marketplace and search for Benzie County investment properties for sale.

Benzie County Investment Properties for Sale

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Sell Your Benzie County Property

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Financing

Benzie County Real Estate Investing Financing

If you are looking for a loan to finance investment property purchase, rehab or ground up construction in Benzie County MI, easily get quotes from multiple lenders at once and compare rates.

Fill out our quick online real estate financing application form to receive multiple quotes for your preferred type of loan from our preferred Benzie County private and hard money lenders.

Benzie County Investment Property Loan Types

Check out some of the most popular real estate loans provided by top local lenders in Benzie County, MI
  • Rehab Loans
  • Fix and Flip Loans
  • Bridge Loans
  • Asset Based Loans
  • Cash Out/Refinance Loans
  • Transactional Funding
  • Transactional Hard Money Loans
  • Private Money Loans
  • New Construction Loans

Compare Investment Property Loan Rates in Benzie County

Receive multiple offers from best private and hard money lenders and get access to unlimited capital to fund any type of real estate investment property!
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Population

Benzie County Population Over Time

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Based on latest data from the US Census Bureau

Benzie County Population By Year

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Benzie County Population By Age And Sex

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Based on latest data from the US Census Bureau

Economy

Benzie County Economy 2024

In Benzie County, the median household income is . The state’s community has a median household income of , while the US median is .

The citizenry of Benzie County has a per person level of income of , while the per capita income throughout the state is . is the per person income for the US in general.

Salaries in Benzie County average , compared to across the state, and in the US.

In Benzie County, the rate of unemployment is , whereas the state’s rate of unemployment is , in contrast to the nation’s rate of .

The economic info from Benzie County illustrates an overall poverty rate of . The state’s numbers disclose a combined poverty rate of , and a related study of nationwide stats reports the US rate at .

Economy Quick Stats
Unemployment Rate
Median Household Income
Per Capita Income
Overall Poverty Rate
Average Salary
Property Price To Income Ratio
Salary Change Rate (2010-2020)

Benzie County Residents’ Income

Benzie County Median Household Income

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Based on latest data from the US Census Bureau

Benzie County Per Capita Income

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Benzie County Income Distribution

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Benzie County Poverty Over Time

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Based on latest data from the US Census Bureau

Benzie County Property Price To Income Ratio Over Time

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Based on latest data from the US Census Bureau

Benzie County Job Market

Benzie County Employment Industries (Top 10)

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Based on latest data from the US Census Bureau

Benzie County Unemployment Rate

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Benzie County Employment Distribution By Age

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Benzie County Average Salary Over Time

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Benzie County Employment Rate Over Time

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Benzie County Employed Population Over Time

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Based on latest data from the US Census Bureau

Schools

Benzie County School Ratings

The schools in Benzie County have a kindergarten to 12th grade structure, and are comprised of elementary schools, middle schools, and high schools.

The high school graduating rate in the Benzie County schools is .

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Benzie County School Ratings

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Benzie County Cities