How a Second Home Can Be Your Best Investment: New, Tax-Free Methods for Using a Vacation Home for Recreation, Retirement…AND Investment! Reviews
How a Second Home Can Be Your Best Investment: New, Tax-Free Methods for Using a Vacation Home for Recreation, Retirement…AND Investment!
- ISBN13: 9780071429702
- Condition: USED – VERY GOOD
- Notes:
Strategies for lifelong, tax-free second home ownership This book explains how to invest profitably in a vacation or future retirement home. Featuring success stories from second home buyers and often-overlooked financing options, How a Second Home Can Be Your Best Investment provides dozens of strategies and proven how-to avenues for finding the perfect home that will eventually pay for itself. Real estate experts Tom Kelly and John Tuccillo show readers how to save thousands through exchanges and exemptions and include valuable Web resources for both second home buyers and real estate investors. Readers will discover how to: Choose a second home and location with maximum appreciation potential Use a vacation home as a cash cow rental Subdivide a property Minimize the hassle factor of an investment –while maximizing rental income
Rating: 
(out of 7 reviews)
List Price: $ 18.95
Price: $ 3.60
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Review by Sheri Koones for How a Second Home Can Be Your Best Investment: New, Tax-Free Methods for Using a Vacation Home for Recreation, Retirement…AND Investment!
Rating:
This book is meticulously written by two extremely sauvy real estate professionals who cover every aspect of second home ownership and show how one additional property can serve a variety of purposes over time (investment, recreation, retirement). They show how real estate can become “portable” – it can move with you, tax free, through your life while compounding your nest egg. It is a must have book for anyone considering purchasing a second home and might even induce those who hadn’t considered this option, to look for a second home as a great investment as an alternative to the uncertain financial markets.
Review by Perpetual Dreamer for How a Second Home Can Be Your Best Investment: New, Tax-Free Methods for Using a Vacation Home for Recreation, Retirement…AND Investment!
Rating:
Some people need encouragement. Regarding our dreams for a 2nd home, most of us are probably stuck in ruts, not knowing how to get out. This book does a good job of helping readers envision the possibilities. Too good a job. They do not present a systematic process for realistically considering what a prospective 2nd home buyer can afford, whether this is even a good idea, the downs of investing (how will you feel after 6 months of no rent in your investment property while still paying the mortgage?) They don’t have the reader ask enough tough questions before cheering them on to take this bold and potentially devestating step. Think the dot bomb was rough? How about staring a $2000/month mortgage in the face with no hope of liquidating that property that’s worth 10% less than you paid for it! I recommend Investing in a Vacation Home for Pleasure and Profit by James H. Boykin instead.
Review by QuixoticMan for How a Second Home Can Be Your Best Investment: New, Tax-Free Methods for Using a Vacation Home for Recreation, Retirement…AND Investment!
Rating:
I like this book, but it left me wanting more. The book does a nice job framing a second home as an investment, but the tax advantages are quickly addressed in chapter two w/o a lot of detail. After one read, I get the general idea, but not all of the implications. Also, the trade-offs of depreciation are only touched on vaguely.
However, the book is very readable and uses great antidotal examples (which I found helped me understand the material better). Also, there are lots of references for additional research. This i probably a good introduction into the subject and did leave me with enough information to decide to pursue this idea of a second home a little farther.
Review by M. Yee for How a Second Home Can Be Your Best Investment: New, Tax-Free Methods for Using a Vacation Home for Recreation, Retirement…AND Investment!
Rating:
Excellent book for strategies in tax-free investing to achieving my personal goal of living in my dream house. I bought this book with “Buying A Second Home: Income, Gateway or Investment” to better understand the tax benefits of second-home ownership.
Review by Carolyn Carr for How a Second Home Can Be Your Best Investment: New, Tax-Free Methods for Using a Vacation Home for Recreation, Retirement…AND Investment!
Rating:
This book provides some excellent information regarding the topic. A must read for those who are considering investment in a second home.