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Old 10-21-2017, 2:15pm   #26
Millenium Vette
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Quote:
Originally Posted by Sea Six View Post
It's a 2008. Current owner is the original owner.

They took the biggest depreciation hit. I'll take some loss too, but it is cheap living, right in the water. With my pontoon boat docked next to me. Plus 1725 sf of covered outdoor living space. With 825 sf heated and cooled living space.

Heck even if it costs me $80,000 to get it all set up, and I live in it for 5 years and I sell it for $20,000, that is only $12,000 per year.

That's $1000 per month including utilities.

Can't beat that with a stick.




Cheap living on the water is always good! It sounds like you have covered all the bases pretty well. The only thing that I would make sure of is zoning for it. I would double check that it is all legal and that there isn't the possibility of pissed off neighbors who could raise hell with it.
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