- Paperback: 250 pages
- Publisher: McGraw-Hill (Mar 2004)
- Language English
- ISBN-10: 0071429700
- ISBN-13: 978-0071429702
- Product Dimensions: 22.4 x 15.2 x 1.8 cm
- Amazon Bestsellers Rank: 2,224,619 in Books (See Top 100 in Books)
How a Second Home Can Be Your Best Investment
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First Sentence
Millions of homeowners dream of owning a second home, for pleasure and profit, but they aren't sure they can afford it. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
Millions of homeowners dream of owning a second home, for pleasure and profit, but they aren't sure they can afford it. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Amazon.com:
4.0 out of 5 stars (7 customer reviews)
35 of 39 people found the following review helpful:
5.0 out of 5 stars
A terrific book!, 21 April 2004
By Sheri Koones - Published on Amazon.com
This review is from: How a Second Home Can Be Your Best Investment: New, Tax-Free Methods for Using a Vacation Home for Recreation, Retirement...and Investment! (Paperback)
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.
30 of 33 people found the following review helpful:
1.0 out of 5 stars
Dangerous Cheerleaders, 14 Dec 2005
By Perpetual Dreamer "Perpetual Dreamer" - Published on Amazon.com
This review is from: How a Second Home Can Be Your Best Investment: New, Tax-Free Methods for Using a Vacation Home for Recreation, Retirement...and Investment! (Paperback)
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.
22 of 24 people found the following review helpful:
3.0 out of 5 stars
Good Read, but Leaves me wanting, 3 April 2005
By QuixoticMan "mfd" - Published on Amazon.com
This review is from: How a Second Home Can Be Your Best Investment: New, Tax-Free Methods for Using a Vacation Home for Recreation, Retirement...and Investment! (Paperback)
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.
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