Home Forums Hunting & Shooting Deer Hunting Question on an investment

That's not a bad idea actually.

I do the same in Indiana. Beings that you are that close it'd be a no brainer IMO if you are not dependent on rental income to make the note.

If you don't buy it, what you want to bet that down the road you will be wishing you did. Now, if you do buy it, what you want to bet that you can or can't turn a profit on it. Let that sink in before you make your decision.

My wife and I just bought the place next to us. It's nice to be in control of who lives there (going to be her mom when we finish renovations!). We suffered a string of horrid renters and owners for 15 years and when we got the chance to buy we jumped on it.
And what you're looking at sounds like a great place.
If you can afford to, just write the check - if not, loans are practically free these days. I'll add my voice to the "go for it" contingent.

Cheers,
Rex

Any rentals to outdoor types would be unlikely to tear things up, if they want to return. And this sounds like a place people would want to return to. If you go the AirBNB route, have some rules for the rental. Like, no wild parties, and limit the number of people that can stay there at any one time. I could imagine finding a small group of hunters without a lease, that would want to return every season. Maybe several groups in sequence. Ditto for cross country skiers/hikers. Best of luck with the property.

Does your state have renter rights laws that prevent you from kicking out a bad renter? Some states make it a nightmare for landlords.

How old is the home? Anything made before '78 will likely have aluminum wiring and formaldehyde insulation. Both are bad news, especially the wiring. Many states prohibit moving and setting up any home made before '78.

How much is the property? If it's $5,000 , no brainer, $ 50,000 , that would hurt my wallet.