Lake rental property

[Don Chouinard]

So we have 200 feet of shoreline about 1 foot above the lake, sand and gravel bottom and prime views.  We are trying to decide if it would be worth renting the cabin (800 square feet newly remodeled) or just selling the property.  The lake is 1800 acres and is within 90 minutes of the twin cities metro area.  We are looking for advice on what the best path to take would be?

[Tim Swierczek]

Quote from @Don Chouinard:

So we have 200 feet of shoreline about 1 foot above the lake, sand and gravel bottom and prime views.  We are trying to decide if it would be worth renting the cabin (800 square feet newly remodeled) or just selling the property.  The lake is 1800 acres and is within 90 minutes of the twin cities metro area.  We are looking for advice on what the best path to take would be?

I am very tied in to Minnesota investing, though these forums, F@ckbook groups, local meetups, and my podcast, and the overwhelming consensus is that MN cabins do not cash flow. The season is too short. You may be the exception, but even if you are, selling the property and investing the capital into a better cash-flowing property would likely be a better option. Lake homes and cabins do appreciate well, so if your play is appreciation and you want to limit your expenses on a family vacation home, then keep it; otherwise, without knowing anything other than what you posted, I would bet you make more on a traditional rental or a STR in a non-seasonal MN market.

Of course, I do not know your specifics, but feel free to reach out if you want to chat. You can find several recent podcasts that specifically touch on this subject. I can't post due to BP promotion rules, but HMU and I will DM you the links.