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Old 02-27-2003, 12:56 PM   #5
Jamie M
Registered User
 
Join Date: Jan 2001
Location: Bristol, CT (the wrong Bristol to live in)
Posts: 118
Here's what put the idea in my head:

I have a friend whose parents have a house that is on Killington Mountain. They rent it maybe a half-dozen times throughout the year. The rental income that he gets only covers maybe 2 of his mortgage payments. But because he uses it to generate income, he gets all kinds of write-offs. Not enough to pay for his house certainly, but he is able to offset his out of pocket expenses a bit. The house will never even come close to producing a "profit", but he's able to save a little money.

That's all I was looking for. Appreciate the feedback, I figured there had to be a catch.
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