Attractions To See -Saranac Michigan
Saranac Michigan is the home of many splendid things — we know it, because we live here. Beautiful scenery, majestic lakes, fabulous food, quirky locales and hidden gems just barely scratch the surface of what Saranac Michigan has to offer.
We asked staff members of the Saranac Press to share some of the best things to see and do in Michigan, based on our personal experiences. Here are 50 ideas you may want to add to your bucket list if you visit Saranac, MI.
Think we missed something? Add your bucket list item here and be sure to explain why it’s great.
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Indianapolis and Detroit are popular markets for real estate investors due to affordable prices and good cash flow. Both markets offer strong ROI, but with very different risk/reward factors. Investors choosing between the two markets must consider their long term hold plans and risk tolerance.
Investors are drawn to Indianapolis for good, stable cash flow while others are flocking to Detroit betting on future equity appreciation. Detroit home prices dropped 60% from their peak level in 2006 and many investors are banking on values to come back. The law of physics doesn't necessarily work in reverse however, and what goes down doesn't always go back up.
Detroit's housing woes were not caused by overbuilding and appreciation like Phoenix, Las Vegas and Atlanta. Instead, Detroit's housing market collapse was a result of major job losses in the automotive industry. Detroit has lost 323,400 jobs since 2005 and has one of the highest unemployment rates in the country. Although the auto industry has shown signs of recovery and home prices seem to have stabilized, the economic recovery remains fragile and uncertain. Home prices remain 40 percent below peak levels. Vacant properties make up 23 percent of the total housing and the city has about 30,000 vacant homes.
Indianapolis and Detroit both offer attractive return on investment opportunities to investors, however, with very different risk-reward levels. Both markets offer comparable cash on cash returns. The difference is in the future upside equity potential.
Detroit is best suited for the more speculative investor seeking to maximize their ROI through the potential for future equity appreciation and can tolerate a higher risk factor.
Indianapolis is well suited for the more conservative investor that is looking for strong, stable monthly cash flow and preservation of equity. Local Market Monitor, Inc rated Indianapolis as the 3rd safest market for conservative real estate investors.
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A common misconception about Detroit is that the entire city is destitute and headed for complete disaster; when in fact the truth is that the city is making great strides to regain its high acclaim. With the restructuring of the big three, the heart of the American automotive industry; the constructing of the new light rail transportation; and the relocation of major corporations back to the city, these changes are all necessary elements for the equation of success and a booming and thriving economy for Detroit.
Though the housing market is lagging in recent advancements it will soon follow trend. Many investors understand the economic cycle and see Detroit as prime opportunity to begin using real estate as long term investment vehicles that offer steady high returns. Investors will earn steady rates of gain as long as they invest in the market while prices are at historical lows. Here are some common myths about Detroit that are actually quite unbelievable.
Detroit is all bad...
This is one of the funniest we've heard. Nothing is ever all bad. People, opportunities and situations are only bad when proper research and adequate time to investigate have not been given. It wouldn't be difficult to believe it with the way media portrays the city. Most things that make it to national headlines about the city are negative. It is true, Detroit has been hit hard during the economic crisis and one of the keys to reviving the city is rebuilding its infrastructure. Thus, the construction of major attractions like the Detroit International Riverwalk, a 102 million dollar development; Campus Martius Park; and the light rail transportation system. If the city was so terrible, organizations would not be investing hundreds of millions of dollars into an economy and city they felt wouldn't recover. They are making an investment into a city they believe will bounce back and once again be the home of major industries.
Don't believe the hype. With any large city there are good aspects and some not so good aspects. Investigate the matter further and do your due diligence to discover all the positive opportunities Detroit has to offer. Detroit currently presents a prime opportunity to build wealth through real estate investing. For more information of how you can take advantage of the opportunity, visit DetroitPropertyInvestor.com.
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For some of the best real estate around, homebuyers and investors alike often turn to the great state of Michigan. And now that anyone can buy property through Michigan foreclosure listings for incredible below market prices, it's easy to find the perfect home for an incredible price. Michigan is a very diverse northern state that has something to offer just about everyone. Situated along the Canadian border and the scenic coastline of the Great Lakes, it is a wonderful destination for fans of the outdoors, and every summer tourists, travelers and campers flock by the thousands to the northern forests and pristine beaches to enjoy the sun and weather. Michigan is also a city famed for its industry, and it is still home to a large portion of the American automobile industry. Cities like Lansing and Detroit are home to these corporate centers and many others, making them great locations for young professionals looking to settle down with their families. Detroit is truly one of the most historic metropolitan areas in the country, and there is truly a sense of great pride among the residents.
To find the properties with the best potential for values on foreclosure investing, it's often best to start with a foreclosure list. This resource holds all of the local homes for sale through foreclosure, so that you can search for the homes you want by getting an idea of what's available. Buying for these great discounts is so much easier than you could ever imagine, and you won't have to go through the hassle of dealing through a middle man! Discover the best way to buy great discount property anywhere in Michigan with Michigan foreclosure listings today!