Is this idea for owning a second home on Winnipesaukee crazy?

JasonG · 05-20-2017, 09:38 PM

My wife and I are looking at some vacation time for this summer up on
Winni. No surprises with the rates and lack of availability. But we started thinking about owning a second home up there. Something small. 2 bed 600 sq ft cottage etc. I see a few for under 200k on the water. This would be a bit tight in the budget.

So we started thinking. Why not buy a place and rent it out for most of the season? We take it for a week here and there. Some quick math shows this plan would seriously cut back the expenses of a second home. In time it may pay for itself. I am extremely handy so even heavy maintaince is not an issue.

I am thinking something is off. Why wouldn't everyone be doing this? What am I not considering? Someone toss some reality at me please.

05-20-2017, 09:38 PM	#1
JasonG Senior Member Join Date: May 2006 Posts: 310 Thanks: 48 Thanked 45 Times in 33 Posts	Is this idea for owning a second home on Winnipesaukee crazy? My wife and I are looking at some vacation time for this summer up on Winni. No surprises with the rates and lack of availability. But we started thinking about owning a second home up there. Something small. 2 bed 600 sq ft cottage etc. I see a few for under 200k on the water. This would be a bit tight in the budget. So we started thinking. Why not buy a place and rent it out for most of the season? We take it for a week here and there. Some quick math shows this plan would seriously cut back the expenses of a second home. In time it may pay for itself. I am extremely handy so even heavy maintaince is not an issue. I am thinking something is off. Why wouldn't everyone be doing this? What am I not considering? Someone toss some reality at me please.