Brook Walsh Real Estate

Born and raised in Northern Michigan, Brook earned a Bachelors Degree in Political Science (computer science cognate) and a Masters of Business Administration, both from Michigan State University. For the last twenty years, Brook was a results-driven information technology executive with experience leading multi-million dollar revenue and growth initiatives grounded solidly on business and economic value.

Commercial property, also called commercial real estate, investment property or income property, is real estate (buildings or land) intended to generate a profit, either from capital gains or rental income. Commercial property includes office buildings, medical centers, hotels, malls, retail stores, multifamily housing buildings, farmland, warehouses, and garages.

If you value lifestyle in combination with an appreciation profile, there just might be a place in your portfolio for investing in Northern Michigan real estate that makes financial sense. Vacation home prices typically lag major market residential rates by 12-36 months.

But with asking prices for Northern Michigan waterfront and ski-proximate real estate up 10 percent to 20 percent this year (based on 24 months sold price per sq ft averages), discounting has not hit our market.While the obligations and negative cash flow aspects of ownership can sometimes be burdensome, the numbers still work as illustrated on our Investment Performance page.

Data analysis confirms that we are certainly past the bottom of the longest-lasting downturn since the Great Depression. Vacation homes typically lag major market residential by 12-36 months and with asking prices for Northern Michigan real estate up 10%-20% (based upon 24 months sold price per sqft averages), the past four years of heavy discounting is now over.

If you know how to go about it. Finding a good deal requires patience, perseverance and an in-depth understanding of relevant valuation metrics, but if you actively engage in the process there will be opportunities. A search produces 40 results from which a shortlist of best fit properties is selected.