Today I have chosen Lake Kabetogama as the Needle in a Haystack. For those of you who are not familiar with Kabetogama – it sits on the edge of Voyageurs National Park and the vast majority of the lake is protected from development. What does this mean? It means that when you buy a Lake Kabetogama property – your view will never be altered by new construction. The Kabetogama property pictured above is owned by a friend of ours – buy this property and you will never have to worry about mowing the lawn or making the beds. It is part of a resort conversion, if you are not planning on using your place – the association will rent it out for you. This particular property brought $42k in rental income in 2005 – according to our mortgage calculator, if you purchase this property at $550k (asking price) with zero down, you will own this beautiful Lake Kabetogama home -and- put money in your pocket. Not a bad deal.
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