Wisconsin Cabin STR

[Matt Mohapp]

Hello!

Does anyone have any experience investing in cabins/lakeouses/cottages in Wisconsin? I am curious as to what areas of Wisconsin are having success. I have been trying to look at different lakes, but there are so many and they all seem so similar that it may as well be finding a needle in a haystack. The big ones I have found are Castle Rock Lake, Lake Monona and Green Lake, but there must be more than thought. Where do you all own your STRs?

[Luke G.]

Hey Matt- I own a large lake superior cabin that I do well on, this winter I'm considering buying another either local or a different state. A few big things to look for for WI are as follows...Are STR's allowed on that lake? some lake associations have a no STR clause. Is the water clean and what is the lot like? Sandy shorelines, great views, and clean water go a long ways. A lot of WI lakes get an algae bloom that makes 1/2 the summer basically unswimmable. Is it close to attractions...snowmobile trails in the winter, fishing in the summer, close to the dells etc. You need to keep in mind logistics for certain areas can be tough such as finding cleaners. Hayward for example is a vacationers paradise, but it can be tough to find people to help. Taxes can also be steep, I pay close to 8k/year for mine.

Areas of the top of my head that are more popular than most would be Bayfield area, Door County, Hayward, or three lakes/Vilas county lake systems.