Ultimate Clare County Real Estate Investing Guide for 2024

Overview

Clare County Real Estate Investing Market Overview

The population growth rate in Clare County has had a yearly average of over the past decade. The national average at the same time was with a state average of .

Clare County has witnessed a total population growth rate throughout that term of , when the state’s total growth rate was , and the national growth rate over 10 years was .

Considering real property market values in Clare County, the current median home value in the county is . In contrast, the median value for the state is , while the national median home value is .

Through the last decade, the annual appreciation rate for homes in Clare County averaged . The average home value appreciation rate in that period throughout the state was annually. Across the country, real property prices changed yearly at an average rate of .

For renters in Clare County, median gross rents are , compared to at the state level, and for the US as a whole.

Clare County Real Estate Investing Highlights

Clare 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

As you are reviewing an unfamiliar area for possible real estate investment ventures, keep in mind the kind of real estate investment strategy that you adopt.

We are going to show you guidelines on how to view market data and demographics that will affect your unique kind of investment. Utilize this as a guide on how to take advantage of the instructions in these instructions to find the top sites for your investment criteria.

All real property investors need to review the most fundamental area ingredients. Favorable connection to the community and your selected neighborhood, public safety, reliable air travel, etc. When you dig deeper into a site’s statistics, you need to focus on the community indicators that are significant to your real estate investment requirements.

Investors who purchase short-term rental units need to find attractions that bring their desired renters to town. Flippers have to know how soon they can unload their rehabbed real estate by studying the average Days on Market (DOM). If you find a 6-month inventory of residential units in your value category, you might want to search in a different place.

Long-term investors search for indications to the reliability of the local employment market. Investors want to see a diverse employment base for their possible renters.

When you are undecided regarding a strategy that you would want to follow, think about borrowing knowledge from real estate coaches for investors in Clare County MI. Another useful thought is to participate in any of Clare County top property investment clubs and be present for Clare County property investor workshops and meetups to learn from assorted investors.

Now, we will contemplate real estate investment approaches and the most effective ways that investors can review a proposed real estate investment area.

Active Real Estate Investment Strategies

Buy and Hold

This investment strategy requires buying real estate and keeping it for a long period. As a property is being held, it’s usually being rented, to boost returns.

At a later time, when the value of the investment property has grown, the investor has the advantage of selling the asset if that is to their benefit.

A leading expert who ranks high on the list of real estate agents who serve investors in Clare County MI can guide you through the specifics of your desirable real estate investment locale. Our guide will list the items that you ought to use in your investment strategy.

 

Factors to Consider

Property Appreciation Rate

It’s a significant indicator of how stable and prosperous a real estate market is. You’re looking for steady value increases each year. Factual information exhibiting recurring growing investment property market values will give you confidence in your investment profit calculations. Areas that don’t have growing real property market values will not match a long-term real estate investment profile.

Population Growth

If a market’s population isn’t increasing, it obviously has less need for housing units. This also often creates a drop in real estate and rental prices. With fewer people, tax revenues go down, impacting the condition of schools, infrastructure, and public safety. You want to find growth in a market to consider buying there. The population increase that you’re seeking is steady every year. This supports higher real estate market values and rental prices.

Property Taxes

Real estate tax payments will eat into your returns. You need to skip areas with unreasonable tax levies. Steadily growing tax rates will typically keep increasing. A city that continually raises taxes could not be the effectively managed municipality that you are looking for.

Some pieces of real property have their worth incorrectly overestimated by the area authorities. If that happens, you might select from top property tax dispute companies in Clare County MI for a professional to present your situation to the authorities and conceivably get the property tax assessment decreased. However complex instances including litigation need the knowledge of Clare County real estate tax appeal attorneys.

Price to rent ratio

Price to rent ratio (p/r) is discovered when you take the median property price and divide it by the annual median gross rent. A location with low rental prices has a higher p/r. The higher rent you can set, the faster you can repay your investment funds. You do not want a p/r that is low enough it makes buying a residence preferable to renting one. This may push renters into purchasing a home and inflate rental unit vacancy rates. However, lower p/r ratios are typically more preferred than high ratios.

Median Gross Rent

This indicator is a metric employed by long-term investors to discover dependable lease markets. Reliably increasing gross median rents reveal the kind of reliable market that you seek.

Median Population Age

Median population age is a portrait of the extent of a community’s workforce that correlates to the magnitude of its lease market. If the median age equals the age of the location’s workforce, you should have a stable pool of renters. An older population can become a burden on municipal revenues. Higher property taxes might become necessary for areas with an older population.

Employment Industry Diversity

Buy and Hold investors do not like to discover the market’s job opportunities provided by just a few companies. A mixture of industries spread across multiple businesses is a sound employment market. This stops the issues of one business category or corporation from impacting the whole rental market. If your renters are spread out across multiple employers, you diminish your vacancy liability.

Unemployment Rate

A steep unemployment rate suggests that fewer people can afford to lease or buy your investment property. Existing tenants may have a hard time paying rent and replacement tenants may not be easy to find. Steep unemployment has an increasing harm throughout a community causing decreasing business for other employers and declining salaries for many workers. Businesses and individuals who are thinking about relocation will look elsewhere and the market’s economy will deteriorate.

Income Levels

Income levels are a key to communities where your possible customers live. Your evaluation of the location, and its specific portions you want to invest in, needs to contain a review of median household and per capita income. Growth in income means that tenants can make rent payments on time and not be frightened off by gradual rent bumps.

Number of New Jobs Created

Being aware of how often additional jobs are produced in the community can bolster your assessment of the community. A stable source of renters needs a growing employment market. The inclusion of more jobs to the workplace will help you to maintain acceptable tenant retention rates when adding new rental assets to your investment portfolio. Additional jobs make a city more attractive for relocating and purchasing a property there. Higher need for laborers makes your real property worth increase by the time you need to liquidate it.

School Ratings

School ratings will be a high priority to you. Without high quality schools, it is difficult for the community to attract new employers. Strongly rated schools can draw new families to the region and help retain existing ones. This may either increase or decrease the pool of your potential renters and can change both the short- and long-term price of investment assets.

Natural Disasters

As much as an effective investment plan hinges on eventually unloading the real estate at a higher value, the look and structural integrity of the property are essential. That is why you’ll need to shun communities that often endure difficult natural events. In any event, the real property will have to have an insurance policy placed on it that covers catastrophes that may happen, like earthquakes.

In the occurrence of tenant breakage, talk to a professional from our list of Clare County insurance companies for rental property owners for acceptable insurance protection.

Long Term Rental (BRRRR)

BRRRR means “Buy, Rehab, Rent, Refinance, Repeat”. This is a plan to increase your investment portfolio not just acquire a single rental property. This plan depends on your capability to take cash out when you refinance.

The After Repair Value (ARV) of the home has to total more than the complete buying and rehab expenses. The asset is refinanced using the ARV and the difference, or equity, comes to you in cash. This cash is put into the next investment property, and so on. You add improving assets to your balance sheet and lease revenue to your cash flow.

If an investor owns a large portfolio of real properties, it makes sense to employ a property manager and create a passive income source. Discover top real estate managers in Clare County MI by browsing our directory.

 

Factors to Consider

Population Growth

The increase or fall of a region’s population is a valuable gauge of the community’s long-term desirability for rental property investors. If you see robust population expansion, you can be certain that the area is attracting likely tenants to it. Businesses consider such a region as an attractive area to relocate their company, and for employees to relocate their households. A growing population develops a reliable base of renters who will survive rent bumps, and a robust seller’s market if you want to unload any properties.

Property Taxes

Real estate taxes, maintenance, and insurance expenses are considered by long-term lease investors for calculating expenses to predict if and how the efforts will be successful. Unreasonable property tax rates will negatively impact a property investor’s income. If property taxes are too high in a particular location, you probably want to look elsewhere.

Price to Rent Ratio

The price to rent ratio (p/r) is an illustration of how much rent can be charged compared to the purchase price of the investment property. If median real estate prices are high and median rents are low — a high p/r, it will take longer for an investment to recoup your costs and attain good returns. The lower rent you can collect the higher the p/r, with a low p/r signalling a more robust rent market.

Median Gross Rents

Median gross rents signal whether a location’s lease market is robust. You are trying to discover a site with consistent median rent increases. Declining rents are a bad signal to long-term rental investors.

Median Population Age

Median population age should be nearly the age of a typical worker if a location has a consistent source of renters. This could also signal that people are moving into the market. If you find a high median age, your stream of tenants is becoming smaller. A thriving investing environment cannot be supported by retired individuals.

Employment Base Diversity

A larger amount of employers in the region will expand your chances of better income. When the city’s working individuals, who are your tenants, are employed by a diversified number of businesses, you will not lose all of them at the same time (as well as your property’s market worth), if a major employer in the community goes bankrupt.

Unemployment Rate

High unemployment equals fewer tenants and an unsteady housing market. Non-working citizens are no longer customers of yours and of other businesses, which produces a domino effect throughout the region. The still employed workers may see their own wages reduced. This could increase the instances of missed rents and lease defaults.

Income Rates

Median household and per capita income information is a valuable tool to help you discover the cities where the renters you need are residing. Your investment calculations will use rental charge and asset appreciation, which will be determined by wage augmentation in the area.

Number of New Jobs Created

The more jobs are consistently being produced in a market, the more reliable your tenant supply will be. An environment that creates jobs also increases the amount of people who participate in the housing market. This ensures that you can keep a sufficient occupancy level and buy additional real estate.

School Ratings

School quality in the city will have a large impact on the local housing market. Companies that are thinking about moving prefer good schools for their employees. Business relocation provides more tenants. Recent arrivals who need a home keep property prices up. You can’t run into a dynamically expanding residential real estate market without quality schools.

Property Appreciation Rates

Robust real estate appreciation rates are a necessity for a viable long-term investment. Investing in assets that you want to maintain without being certain that they will improve in market worth is a formula for failure. You don’t want to take any time navigating locations that have subpar property appreciation rates.

Short Term Rentals

Residential properties where tenants stay in furnished units for less than a month are known as short-term rentals. The per-night rental rates are typically higher in short-term rentals than in long-term rental properties. Because of the increased rotation of renters, short-term rentals require more regular maintenance and cleaning.

House sellers standing by to relocate into a new property, backpackers, and business travelers who are staying in the area for about week enjoy renting apartments short term. Anyone can convert their home into a short-term rental with the services offered by online home-sharing sites like VRBO and AirBnB. This makes short-term rentals a good way to endeavor residential property investing.

Short-term rentals require dealing with tenants more often than long-term rental units. Because of this, investors deal with issues repeatedly. You might want to protect your legal liability by hiring one of the top Clare County investor friendly real estate attorneys.

 

Factors to Consider

Short-Term Rental Income

You should imagine the level of rental income you’re aiming for according to your investment strategy. Understanding the typical amount of rental fees in the area for short-term rentals will allow you to select a preferable place to invest.

Median Property Prices

Carefully compute the budget that you are able to pay for additional real estate. The median market worth of real estate will tell you whether you can manage to be in that area. You can fine-tune your real estate hunt by analyzing median prices in the community’s sub-markets.

Price Per Square Foot

Price per square foot gives a broad picture of property prices when estimating similar properties. If you are analyzing the same kinds of real estate, like condominiums or separate single-family residences, the price per square foot is more reliable. You can use this data to obtain a good broad picture of property values.

Short-Term Rental Occupancy Rate

The ratio of short-term rentals that are currently tenanted in a location is crucial data for an investor. A high occupancy rate indicates that an extra source of short-term rental space is wanted. Weak occupancy rates denote that there are more than enough short-term units in that market.

Short-Term Rental Cash-on-Cash Return

To find out if it’s a good idea to invest your money in a certain investment asset or region, compute the cash-on-cash return. Take your estimated Net Operating Income (NOI) and divide it by your investment cash budget. The result will be a percentage. The higher it is, the faster your investment funds will be returned and you will begin gaining profits. Mortgage-based investment purchases can reach stronger cash-on-cash returns as you’re spending less of your own capital.

Average Short-Term Rental Capitalization (Cap) Rates

This criterion shows the comparability of property worth to its per-annum return. A rental unit that has a high cap rate and charges average market rents has a high market value. Low cap rates signify higher-priced rental units. Divide your expected Net Operating Income (NOI) by the investment property’s market worth or purchase price. The percentage you get is the property’s cap rate.

Local Attractions

Important public events and entertainment attractions will entice visitors who will look for short-term rental houses. People visit specific regions to watch academic and athletic activities at colleges and universities, be entertained by competitions, support their children as they participate in fun events, have fun at annual festivals, and stop by theme parks. Natural tourist spots like mountainous areas, waterways, coastal areas, and state and national nature reserves can also attract prospective tenants.

Fix and Flip

The fix and flip investment plan means buying a house that needs improvements or renovation, creating more value by enhancing the property, and then liquidating it for a higher market worth. To be successful, the investor needs to pay lower than the market value for the property and know what it will take to rehab the home.

Look into the values so that you know the accurate After Repair Value (ARV). You always need to research the amount of time it takes for real estate to close, which is illustrated by the Days on Market (DOM) information. To profitably “flip” real estate, you must liquidate the repaired house before you are required to spend money to maintain it.

To help motivated property sellers find you, list your business in our catalogues of companies that buy houses for cash in Clare County MI and property investment firms in Clare County MI.

Additionally, search for bird dogs for real estate investors in Clare County MI. These professionals concentrate on quickly uncovering lucrative investment ventures before they come on the market.

 

Factors to Consider

Median Home Price

Median real estate price data is a critical indicator for evaluating a prospective investment community. Modest median home values are an indication that there is a good number of real estate that can be acquired below market worth. This is a necessary component of a fix and flip market.

If your investigation indicates a quick drop in real property market worth, it might be a sign that you’ll find real estate that fits the short sale requirements. You will be notified concerning these opportunities by working with short sale negotiation companies in Clare County MI. Learn how this works by reading our explanation ⁠— How to Buy a House that Is a Short Sale.

Property Appreciation Rate

Dynamics means the path that median home values are treading. You have to have an area where home values are steadily and continuously ascending. Home values in the area need to be increasing regularly, not suddenly. When you’re acquiring and selling swiftly, an erratic environment can sabotage your efforts.

Average Renovation Costs

A careful study of the community’s renovation costs will make a huge difference in your location choice. Other costs, such as authorizations, may inflate your budget, and time which may also develop into an added overhead. You have to be aware whether you will need to hire other contractors, such as architects or engineers, so you can get prepared for those costs.

Population Growth

Population increase is a solid gauge of the potential or weakness of the location’s housing market. If the number of citizens isn’t increasing, there isn’t going to be an ample pool of purchasers for your fixed homes.

Median Population Age

The median population age is a simple indication of the supply of preferred home purchasers. The median age in the community should be the age of the regular worker. People in the area’s workforce are the most dependable home buyers. The goals of retirees will most likely not be a part of your investment project strategy.

Unemployment Rate

When you run across a city having a low unemployment rate, it is a good indicator of profitable investment possibilities. It should definitely be less than the national average. If it’s also less than the state average, that’s much more attractive. If they want to purchase your renovated property, your prospective clients are required to be employed, and their customers too.

Income Rates

Median household and per capita income are a solid gauge of the stability of the home-buying market in the region. Most families need to get a loan to purchase a house. Their salary will determine how much they can afford and whether they can purchase a property. Median income will let you determine whether the standard homebuyer can afford the homes you are going to put up for sale. Specifically, income growth is critical if you prefer to grow your investment business. Construction expenses and housing prices rise from time to time, and you need to be certain that your potential purchasers’ wages will also improve.

Number of New Jobs Created

The number of jobs created on a regular basis indicates if salary and population increase are sustainable. Residential units are more conveniently liquidated in a region that has a vibrant job market. Additional jobs also draw workers moving to the city from elsewhere, which further strengthens the local market.

Hard Money Loan Rates

People who acquire, fix, and flip investment real estate are known to engage hard money and not conventional real estate funding. Hard money financing products empower these purchasers to take advantage of existing investment projects immediately. Find hard money lending companies in Clare County MI and estimate their rates.

An investor who needs to understand more about hard money financing products can find what they are and the way to employ them by reading our article titled How Do Private Money Lenders Work?.

Wholesaling

As a real estate wholesaler, you enter a contract to purchase a residential property that other investors might be interested in. When an investor who needs the property is spotted, the purchase contract is assigned to the buyer for a fee. The owner sells the home to the real estate investor instead of the wholesaler. You’re selling the rights to buy the property, not the house itself.

Wholesaling relies on the participation of a title insurance company that’s comfortable with assigned real estate sale agreements and knows how to deal with a double closing. Hunt for title companies for wholesaling in Clare County MI in HouseCashin’s list.

Our in-depth guide to wholesaling can be viewed here: Property Wholesaling Explained. When you go with wholesaling, include your investment company in our directory of the best wholesale property investors in Clare County MI. This will allow any possible clients to see you and reach out.

 

Factors to Consider

Median Home Prices

Median home values in the market under review will quickly show you if your investors’ required investment opportunities are situated there. Reduced median purchase prices are a valid sign that there are enough homes that could be acquired for lower than market value, which real estate investors need to have.

Rapid worsening in real estate values may lead to a lot of properties with no equity that appeal to short sale property buyers. This investment plan frequently brings numerous different advantages. Nonetheless, there may be liabilities as well. Find out about this from our in-depth blog post How Can You Wholesale a Short Sale Property?. Once you decide to give it a try, make certain you have one of short sale law firms in Clare County MI and real estate foreclosure attorneys in Clare County MI to consult with.

Property Appreciation Rate

Property appreciation rate enhances the median price data. Many investors, such as buy and hold and long-term rental landlords, particularly need to see that residential property values in the region are growing steadily. Both long- and short-term investors will ignore an area where home market values are dropping.

Population Growth

Population growth stats are something that your potential investors will be knowledgeable in. If the population is multiplying, additional housing is required. This includes both leased and resale properties. A location that has a declining community does not attract the real estate investors you require to buy your purchase contracts.

Median Population Age

Real estate investors want to see a dependable property market where there is a good pool of tenants, newbie homebuyers, and upwardly mobile citizens buying bigger homes. In order for this to take place, there has to be a stable employment market of prospective renters and homebuyers. That is why the location’s median age needs to be the age of skilled workers in the workplace.

Income Rates

The median household and per capita income show consistent increases continuously in places that are favorable for real estate investment. Income improvement shows a city that can absorb rental rate and real estate listing price raises. Experienced investors stay out of places with poor population income growth numbers.

Unemployment Rate

Real estate investors will carefully evaluate the market’s unemployment rate. Late rent payments and lease default rates are worse in locations with high unemployment. Long-term real estate investors won’t acquire a property in a market like that. Real estate investors can’t rely on tenants moving up into their homes if unemployment rates are high. This makes it tough to locate fix and flip real estate investors to take on your contracts.

Number of New Jobs Created

The number of jobs produced every year is a crucial element of the residential real estate picture. More jobs appearing result in a large number of workers who need places to rent and purchase. Whether your client pool consists of long-term or short-term investors, they will be attracted to a market with regular job opening generation.

Average Renovation Costs

Renovation costs have a major impact on a flipper’s profit. Short-term investors, like fix and flippers, won’t make a profit if the purchase price and the improvement costs total to a higher amount than the After Repair Value (ARV) of the house. Lower average renovation costs make a community more attractive for your top clients — flippers and other real estate investors.

Mortgage Note Investing

Note investors purchase debt from mortgage lenders if they can get the note for a lower price than the outstanding debt amount. The borrower makes future payments to the mortgage note investor who has become their current mortgage lender.

Performing loans mean loans where the debtor is always current on their mortgage payments. Performing notes are a steady generator of cash flow. Some note investors prefer non-performing notes because if the mortgage note investor cannot successfully restructure the loan, they can always take the collateral at foreclosure for a below market price.

Ultimately, you might grow a group of mortgage note investments and not have the time to oversee the portfolio by yourself. When this develops, you might select from the best residential mortgage servicers in Clare County MI which will make you a passive investor.

When you decide to take on this investment model, you should include your project in our directory of the best mortgage note buying companies in Clare County MI. When you’ve done this, you’ll be discovered by the lenders who publicize lucrative investment notes for acquisition by investors like yourself.

 

Factors to consider

Foreclosure Rates

Investors hunting for current loans to buy will prefer to find low foreclosure rates in the region. Non-performing mortgage note investors can carefully take advantage of places that have high foreclosure rates too. If high foreclosure rates are causing a slow real estate environment, it could be tough to resell the collateral property if you seize it through foreclosure.

Foreclosure Laws

Note investors need to understand their state’s laws concerning foreclosure before pursuing this strategy. They’ll know if the state uses mortgage documents or Deeds of Trust. While using a mortgage, a court has to agree to a foreclosure. A Deed of Trust enables the lender to file a public notice and continue to foreclosure.

Mortgage Interest Rates

The interest rate is determined in the mortgage loan notes that are acquired by note investors. Your mortgage note investment profits will be impacted by the mortgage interest rate. Interest rates are important to both performing and non-performing mortgage note buyers.

Traditional interest rates may differ by up to a quarter of a percent across the US. The higher risk accepted by private lenders is accounted for in higher loan interest rates for their mortgage loans in comparison with traditional mortgage loans.

Successful investors continuously check the rates in their community set by private and traditional mortgage firms.

Demographics

An effective mortgage note investment strategy includes an assessment of the market by utilizing demographic data. It’s important to know whether a sufficient number of residents in the city will continue to have good jobs and incomes in the future.
Investors who like performing mortgage notes search for areas where a lot of younger residents maintain good-paying jobs.

The same market could also be advantageous for non-performing note investors and their end-game plan. If non-performing note buyers need to foreclose, they will require a thriving real estate market to unload the REO property.

Property Values

Lenders need to see as much home equity in the collateral as possible. This increases the likelihood that a possible foreclosure sale will make the lender whole. As mortgage loan payments reduce the amount owed, and the value of the property increases, the borrower’s equity increases.

Property Taxes

Escrows for house taxes are typically sent to the mortgage lender along with the mortgage loan payment. The mortgage lender pays the taxes to the Government to make certain the taxes are paid promptly. If loan payments are not being made, the lender will have to either pay the taxes themselves, or the property taxes become past due. Property tax liens leapfrog over any other liens.

Since property tax escrows are collected with the mortgage loan payment, growing taxes mean higher mortgage loan payments. This makes it complicated for financially challenged borrowers to make their payments, and the mortgage loan could become past due.

Real Estate Market Strength

A growing real estate market having consistent value increase is helpful for all types of mortgage note investors. It is good to understand that if you need to foreclose on a property, you won’t have trouble obtaining an appropriate price for the collateral property.

Growing markets often create opportunities for note buyers to make the initial loan themselves. It is another stage of a mortgage note investor’s career.

Passive Real Estate Investment Strategies

Syndications

A syndication means an organization of people who pool their capital and abilities to invest in property. One individual puts the deal together and enrolls the others to participate.

The coordinator of the syndication is called the Syndicator or Sponsor. The Syndicator arranges all real estate details including buying or building assets and supervising their use. This member also oversees the business details of the Syndication, such as members’ dividends.

The rest of the shareholders in a syndication invest passively. In exchange for their money, they receive a priority status when income is shared. But only the manager(s) of the syndicate can manage the business of the partnership.

 

Factors to consider

Real Estate Market

The investment blueprint that you use will determine the market you choose to enter a Syndication. To understand more concerning local market-related components important for different investment strategies, review the earlier sections of this webpage discussing the active real estate investment strategies.

Sponsor/Syndicator

Because passive Syndication investors depend on the Sponsor to run everything, they should research the Syndicator’s honesty rigorously. Look for someone being able to present a record of profitable investments.

He or she might or might not put their cash in the company. You might want that your Sponsor does have money invested. Some ventures consider the work that the Syndicator did to create the investment as “sweat” equity. Depending on the specifics, a Sponsor’s compensation might include ownership and an upfront fee.

Ownership Interest

Every stakeholder has a percentage of the partnership. You ought to search for syndications where the members injecting cash receive a larger portion of ownership than members who are not investing.

If you are injecting money into the venture, negotiate preferential treatment when net revenues are shared — this increases your results. When net revenues are reached, actual investors are the first who collect a negotiated percentage of their investment amount. All the owners are then paid the remaining profits based on their percentage of ownership.

When assets are liquidated, net revenues, if any, are paid to the owners. Adding this to the ongoing revenues from an investment property significantly enhances an investor’s results. The operating agreement is carefully worded by a lawyer to describe everyone’s rights and responsibilities.

REITs

A trust owning income-generating real estate properties and that sells shares to others is a REIT — Real Estate Investment Trust. Before REITs existed, investing in properties was considered too expensive for most investors. REIT shares are affordable to most investors.

Investing in a REIT is classified as passive investing. The liability that the investors are assuming is spread within a selection of investment real properties. Investors can liquidate their REIT shares whenever they need. But REIT investors don’t have the ability to choose particular assets or markets. The assets that the REIT chooses to buy are the properties your capital is used to purchase.

Real Estate Investment Funds

Mutual funds that contain shares of real estate firms are known as real estate investment funds. The fund doesn’t own properties — it holds interest in real estate businesses. Investment funds can be an affordable way to combine real estate properties in your allocation of assets without avoidable exposure. Whereas REITs are meant to disburse dividends to its members, funds do not. Like any stock, investment funds’ values go up and go down with their share price.

You may pick a fund that concentrates on a predetermined type of real estate you’re aware of, but you don’t get to pick the geographical area of every real estate investment. Your decision as an investor is to select a fund that you rely on to oversee your real estate investments.

Housing

Clare County Housing 2024

In Clare County, the median home market worth is , at the same time the median in the state is , and the nation’s median market worth is .

The average home value growth rate in Clare County for the past ten years is per year. Across the entire state, the average annual market worth growth rate during that timeframe has been . Throughout the same period, the US yearly home market worth growth rate is .

As for the rental residential market, Clare County has a median gross rent of . The state’s median is , and the median gross rent all over the US is .

Clare County has a rate of home ownership of . of the state’s population are homeowners, as are of the populace throughout the nation.

The percentage of properties that are inhabited by tenants in Clare County is . The state’s tenant occupancy rate is . Throughout the United States, the rate of tenanted units is .

The rate of occupied homes and apartments in Clare County is , and the rate of empty homes and apartment buildings 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

Clare County Home Ownership

Clare County Rent & Ownership

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Clare County Rent Vs Owner Occupied By Household Type

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Clare County Occupied & Vacant Number Of Homes And Apartments

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Clare County Household Type

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Clare County Property Types

Clare County Age Of Homes

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Clare County Types Of Homes

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Clare County Homes Size

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Marketplace

Clare County Investment Property Marketplace

If you are looking to invest in Clare 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 Clare 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 Clare County investment properties for sale.

Clare County Investment Properties for Sale

Homes For Sale

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Sell Your Clare County Property

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Financing

Clare County Real Estate Investing Financing

If you are looking for a loan to finance investment property purchase, rehab or ground up construction in Clare 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 Clare County private and hard money lenders.

Clare County Investment Property Loan Types

Check out some of the most popular real estate loans provided by top local lenders in Clare 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 Clare 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

Clare County Population Over Time

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Based on latest data from the US Census Bureau

Clare County Population By Year

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Clare County Population By Age And Sex

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Based on latest data from the US Census Bureau

Economy

Clare County Economy 2024

In Clare County, the median household income is . Statewide, the household median level of income is , and within the country, it’s .

The populace of Clare County has a per capita level of income of , while the per capita level of income throughout the state is . is the per person amount of income for the US overall.

Salaries in Clare County average , next to throughout the state, and in the US.

Clare County has an unemployment average of , whereas the state shows the rate of unemployment at and the US rate at .

The economic portrait of Clare County incorporates a general poverty rate of . The total poverty rate all over the state is , and the country’s rate stands at .

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

Clare County Residents’ Income

Clare County Median Household Income

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Based on latest data from the US Census Bureau

Clare County Per Capita Income

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Clare County Income Distribution

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Clare County Poverty Over Time

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Clare County Property Price To Income Ratio Over Time

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Based on latest data from the US Census Bureau

Clare County Job Market

Clare County Employment Industries (Top 10)

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Clare County Unemployment Rate

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Clare County Employment Distribution By Age

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Clare County Average Salary Over Time

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Clare County Employment Rate Over Time

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Clare County Employed Population Over Time

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Schools

Clare County School Ratings

The public schools in Clare County have a K-12 structure, and consist of elementary schools, middle schools, and high schools.

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

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Clare County School Ratings

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Based on latest data from the US Census Bureau

Clare County Cities