Quote:
Originally Posted by Geneva Point
JasonG, the answer to your question is "no". On a cash flow basis, you'll put in more money than you get over the long term. Tax benefits may help but not much. The prime rental season is just too short. You'll only be able to build equity from market value increases over time (if any). Lake houses of all sizes are generally not good business investments.
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I completely disagree. This is a very wide sweeping statement. I know many people who successfully rent their lake homes with good quality caring tenants. As far as equity increase, that all depends on when you buy and sell subject to the economy and market. I have sold two homes is the area and did fairly well.