The World of Being a Landlord

The world of being a landlord – it does have its pros and cons; is it for you? If you are thinking of owning a home but you don’t want to stress about a mortgage from month to month you may want to look into owning a rental or a multi-family home, where you have one or two apartments you rent out while you live in one of the units. I personally own a three family home with my husband, it is our first home. We chose that path because with being self-employed it gave us a crutch if work ever slowed down, and we could get out of the in-laws. Let’s face it no matter who your in-laws are you still want your own place! Click hear to get started – just remember to switch the property type from Single to Multi-family – https://www.mainerealestatechoice.com/searchformhm.taf
You may also want to consider buying a water-front property as an investment to rent out on a weekly or monthly basis and save a week or month for yourself as a vacation home. One in the lakes region would be key; you could rent year round, advertising the ponds and lakes for fishing or ice fishing, snowmobiling, and swimming and the mountains for hiking, snowshoeing, or hunting. With the rental income you may be able to cover your mortgage and even make a profit depending on location and how many weeks you want to rent. But doing so there will be quite a few repairs and most likely higher cost in home owners’ insurance. Use the link to search for waterfront properties by pointing at the lakes https://www.mainerealestatechoice.com/lakemap.php

Thompson Lake in Oxford, Otisfield, Casco, and Poland, Maine

Lakefront spectacular on Thompson Lake in Oxford, Maine

Thompson Lake is eight miles long, nearly two miles wide, and covers an area of 4,419 acres. Its maximum depth is 121 feet, its mean depth is 35 feet, and its water qualiy is rated as “excellent” by the Maine Department of Environmental Protection, its higest rating. After Sebago Lake and Long Lake, Thompson Lake is the largest lake in the area.

Located northeast of Sebago Lake and just 45 minutes from Portland, Thompson Lake is bounded by the towns of Poland to the south and east, Casco and Otisfield on its west shore, and Oxford on its south end and east shore.

Because of its size and water quality, Thompson Lake is very popular with boaters, fishermen, and lakefront property owners. Recreational boaters can enjoy all kinds of water-related activities, while fishermen will find ample supplies of brook and lake trout, pickerel, largemouth bass, salmon, and perch to wet their line on.

Lakefront property owners love Thompson Lake because homes on this lake retain their value and always garner more than their share of attention when put up for sale. At the southern end of the lake is a full service marina and boat launch.

If you crave a big lake experience without so much of the big lake boat traffic and activity, Thompson Lake might just be the lake for you.

Take a look at all of the lakefront properties currently for sale on Thompson Lake and throughout the region by clicking here.