NH Taxes

[MAXUM]

Originally Posted by fatlazyless

That can be very true. I know people who do this in Campton and they are pretty well off. In addition, the owner pays for any property or house equipment repairs like a boiler or plumber, and you can always move on if a better situation comes along.

Basically, the Massachusetts property owner of the NH single home rental is subsidizing the renter, and it doesn't make too much sense why the owner hangs on to the property. The local rental market just doesn't support all the expenses of owning. Go figure?

Even if the renter pays only what equates to half of the mortgage that's still getting the house at a steep discount. Renter gets nothing, the owner get's all the equity. Still not a bad deal. Plus there are tax write offs and depreciation the owner can take.