What is the VRBO like up on Winni & Winnisquam?

Geneva Point · 02-01-2018, 07:59 PM

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.

greeleyhill · 02-01-2018, 09:24 PM

They must have had a bad experience... You can't just go out and buy any old property, expect to rent it and have everything work in your favor. You have to be patient, find the right property at a fair price and know what to expect for rent. f the math doesn't work out, keep looking, there are properties out there that will work! If you're able to use it for yourself from time to time then even better. How many listings do we see on VRBO all over the world? Hundreds of thousands? That many people can't be wrong.

Biggd · 02-02-2018, 08:02 AM

A friend of mine bought a beautiful log cabin up in Franconia Notch for $250K and he rents it out all year long on a weekly basis and does real well. He has a company take care of the cleaning and the rentals and still makes good money. He bought it purposely as an investment and him and his wife only use it themselves when there is a vacancy. But it's no where near a lake.

joey2665 · 02-02-2018, 10:48 AM

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.

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.

02-01-2018, 09:24 PM	#2
greeleyhill Senior Member Join Date: Mar 2016 Posts: 94 Thanks: 57 Thanked 22 Times in 11 Posts	Take Geneva Point points with a grain of salt They must have had a bad experience... You can't just go out and buy any old property, expect to rent it and have everything work in your favor. You have to be patient, find the right property at a fair price and know what to expect for rent. f the math doesn't work out, keep looking, there are properties out there that will work! If you're able to use it for yourself from time to time then even better. How many listings do we see on VRBO all over the world? Hundreds of thousands? That many people can't be wrong.

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02-01-2018, 07:59 PM	#1
Geneva Point Senior Member Join Date: Sep 2010 Location: Moultonborough Posts: 70 Thanks: 17 Thanked 35 Times in 19 Posts	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.

02-02-2018, 08:02 AM	#3
Biggd Senior Member Join Date: Nov 2016 Location: Waltham Ma./Meredith NH Posts: 4,421 Thanks: 2,428 Thanked 1,270 Times in 813 Posts	A friend of mine bought a beautiful log cabin up in Franconia Notch for $250K and he rents it out all year long on a weekly basis and does real well. He has a company take care of the cleaning and the rentals and still makes good money. He bought it purposely as an investment and him and his wife only use it themselves when there is a vacancy. But it's no where near a lake.