Not for me – sorry! Our own house/farm search is continuing apace, and I hope to have an update soon. In the meantime, I present to you this quandary.
I have a cousin who has an extraordinary head for business. He’s been pursuing various lines of moneymaking since we were kids. He works incredibly hard at his very lucrative day job, and in his spare time is always looking for investments. Lately, he’s been doing a lot of real estate. I think he’s up to four or five rental properties. He does the work himself to make them nice and he’s a really thorough landlord.
Last week, he called me for my opinion on a property he’s looking at purchasing – for himself, this time. It’s a foreclosure in a semi-rural area but still quite close to the Boston metropolitan area. The house is huge and gorgeous, but what he called me for my opinion on is the horse potential of the property. He has zero interest in horses himself – well, at this point in his life he does, anyway. When we were kids we totally had a plan to adopt a black mustang stallion named Midnight and keep it behind my house and have adventures together. But I digress.
What he was wondering was whether it would make sense to lease out the barn and pasture to someone who wanted to keep their own horses there. So, here’s what I’ll do: I’ll set up the situation as he described it to me, and as I’ve researched it on my own, and I’ll ask you what you would choose. Tomorrow, I’ll write up what I advised him.