Buying a lake community home in the winter

[Couple of Lakers]

Originally Posted by Descant

Lease in NH and FL. In a couple of years you can sell the NH property as an investment and roll it into a similar investment in FL and avoid capital gains taxes. That leaves options open. Talk to your CPA about 1031 Exchanges and DST passive income.

Thanks for that advice. We're familiar with 1031 exchanges. Our online store does well and it's good retirement income. We're interested in basically doing the same thing minus the winters. Everyone we know has moved to Florida and are happy. We are pretty sure we will be too.

We have done everything you can on this lake for many years and enjoy it a lot. But being warm all the time and exploring something new is our goal. We do wonder if it's a mistake but we've made bold moves before. Buying this place was one. We drove by and saw a FSBO sale in the window and just bought it! We were staying on our boat at Silver Sands and was looking to trade up. We bought this place instead and it was one of the best things we ever did in life.