Second Home First

← Second Home First15 sept. · 37 min

[REAL STORIES] They Bought a Lake House Instead of an NYC Apartment and Paid it Off in 15 Years

[REAL STORIES] They Bought a Lake House Instead of an NYC Apartment and Paid it Off in 15 Years15 sept.37 min

Nearly two decades ago, today’s guests were a young couple living in Jersey City, dreaming of buying a home in Manhattan. But instead of stretching their budget to buy in the city, they decided to buy a lake house in the Poconos. In just 15 years, they used income from short-term renters to pay it off entirely—and now, they’re using the equity they built to construct their dream vacation home just down the road.

This Week’s Guests:

David Bigler and Jillian O’Neill are a married couple who bought their second home first almost two decades ago. They were living in Jersey City at the time, dreaming of moving into Manhattan, when they decided to do something different and buy a lakehouse in the Poconos instead.

Tune in to Learn:

–The difference between good debt and and bad debt

–Why Dave and Jill started out as "First Dibbers" but now consider themselves "Profit Maximizers" (Take the Quiz to find out what type of vacation home owner you would be: https://www.buyyoursecondhomefirst.com/freebies#quiz)

–How they paid off their lake house in full in 15 years, using income earned from short-term renters

–Why building genuine relationships with neighbors is essential

Key links:

–Second Home First Academy: BuyYourSecondHomeFirst.com/academy

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–Subscribe to the free weekly newsletter: BuyYourSecondHomeFirst.com/#subscribe