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Started By
Message
Anybody here own two houses?
Posted on 8/20/19 at 8:12 am
Posted on 8/20/19 at 8:12 am
I am seriously considering buying a "summer house" in a cooler, mountainous climate as I ease into retirement in about 10 years. It really depends on where my kids are living, but I'm thinking Colorado or Tennessee/NC/Ga.
I'd stay in La. during football season and the winter.
Any of you done something like this? Is it unsustainable from a tax standpoint? Not sure about renting a house out on VRBO, because ideally I would want to be in the house during the vacation months.
Does CO have high property taxes?
I'd stay in La. during football season and the winter.
Any of you done something like this? Is it unsustainable from a tax standpoint? Not sure about renting a house out on VRBO, because ideally I would want to be in the house during the vacation months.
Does CO have high property taxes?
27
Posted on 8/20/19 at 8:13 am to Slippy
No, everyone on the OT owns way more than 2.
Posted on 8/20/19 at 8:13 am to Slippy
Do Montana instead. Much better!
Posted on 8/20/19 at 8:15 am to Slippy
quote:
Anybody here own only two houses?
FIFY
Posted on 8/20/19 at 8:16 am to Slippy
I want to do the same. Been looking at CO. Keep me updated on what you do. I want to hunt/fly fish. Denver is such a great hub to fly.
ETA
Also been looking at N NM.
ETA
Also been looking at N NM.
This post was edited on 8/20/19 at 9:27 am
Posted on 8/20/19 at 8:16 am to Slippy
I’ve never sold a house. Just keep them as rentals when I move on. I have my current residence and have three other houses I’m letting renters buy for me.
Posted on 8/20/19 at 8:19 am to Slippy
Yeah i would recommend it. My place in Vail is wonderful during the fall right before the first snowfall. Winter time is crowded around the holidays but you should definitely do it if you can swing it.
Posted on 8/20/19 at 8:19 am to Slippy
quote:
Anybody here own two houses?
Posted on 8/20/19 at 8:23 am to BabyTac
I am not there yet, but am saving up to buy a duplex to rent out at some point. Hoping within the next 4-5 years. If I did not do that, I would buy a new house and rent my current one out. It is a decent house in a decent neighborhood (starter home, 1,800 square feet).
Posted on 8/20/19 at 8:23 am to Slippy
I have a vacation home or whatever you want to call it... second home whatever. It is seriously only 45 minutes away from me and could be an easy commute, but it's more of a nice fishing cabin than anything. It is nice enough to live in full time, but it isn't nearly as nice as our regular home. Hell I just looked at it like it was a couple of new F250s... back in 2012 when I bought it anyway. I'll just drive my old Dodge for a few more years until it is paid for.
Posted on 8/20/19 at 8:25 am to Slippy
My neighbors do this.
They live in LA during late to spring and then go to their farmhouse in Wisconsin when it gets above 85 down here.
They will come back down when it get below freezing up there.
I take care of their house when they are gone during the summer. They pay me with fresh apples and pears from their orchard.
They live in LA during late to spring and then go to their farmhouse in Wisconsin when it gets above 85 down here.
They will come back down when it get below freezing up there.
I take care of their house when they are gone during the summer. They pay me with fresh apples and pears from their orchard.
Posted on 8/20/19 at 8:27 am to Salmon
Easily doable if you find one that you can get some serious rental income from.
Posted on 8/20/19 at 8:27 am to Slippy
Lots of millennials already have two houses - their parents' house and the tree house out back.
Posted on 8/20/19 at 8:28 am to Slippy
Colorado has high everything. Ok, now that’s out of the way, yes, in some areas property taxes can be expensive. We own a house in a Golden, a 1902 bungalow, 2000 sq ft and pay $3400/year.
We own a house in the Keys and pay a bit more for a small house. This is our “we are tired of this shite” in the winter get away. We used to rent by the month when we weren’t there but the house just got too ragged out by people who don’t give two shits about your property.
We own a house in the Keys and pay a bit more for a small house. This is our “we are tired of this shite” in the winter get away. We used to rent by the month when we weren’t there but the house just got too ragged out by people who don’t give two shits about your property.
Posted on 8/20/19 at 8:29 am to Slippy
I currently have one house in one location and two lots in another location. About to build on one of the lots, and planning to sell the other one and the house.
Posted on 8/20/19 at 8:33 am to Slippy
I do but not by choice right now.
We have a house and my wife's family owns residential rentals and 1 commercial rental in Los Angeles county about 15 min walk from the beach. I have a small farm in southern Oklahoma.
The plan is to sell all of that shite within 2 years along with a very large acreage in Texas that my wife has a stake in and be done with it. One house and one place to live. Vacation from there but I am worn ragged trying to manage all of this shite.
We have a house and my wife's family owns residential rentals and 1 commercial rental in Los Angeles county about 15 min walk from the beach. I have a small farm in southern Oklahoma.
The plan is to sell all of that shite within 2 years along with a very large acreage in Texas that my wife has a stake in and be done with it. One house and one place to live. Vacation from there but I am worn ragged trying to manage all of this shite.
Posted on 8/20/19 at 8:35 am to Gray12
quote:
Do Montana instead
This. I've spent 3 yrs in Billings, for work, and it was beautiful. There's a town, 45 minutes south of Billings, called Red Lodge that has a ski resort and the Beartooth Mountains. Great hunting and fishing and the people are great.
Posted on 8/20/19 at 8:36 am to Slippy
Primary home in Texas. Spend August in my mountain home in Asheville.
Posted on 8/20/19 at 8:39 am to Slippy
You can buy a vacation house relatively cheap around the smokey mountains and be able lease it when you're not spending time there.
Posted on 8/20/19 at 8:47 am to Slippy
quote:
I am seriously considering buying a "summer house" in a cooler, mountainous climate as I ease into retirement in about 10 years. It really depends on where my kids are living, but I'm thinking Colorado or Tennessee/NC/Ga.
I'd stay in La. during football season and the winter.
So for some of the prettiest weather of the year for the Smoky Mountain area you will choose to live in Louisiana.
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