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How a Second Home Can Be Your Best Investment: New, Tax-Free Methods for Using a Vacation Home for Recreation, Retirement...AND Investment! [Kindle Edition]

Tom Kelly (Author), John Tuccillo (Author)

Kindle Price:	�9.97 includes VAT* & free wireless delivery via *Amazon Whispernet*
Unlike print books, digital books are subject to VAT.

Length: 250 pages
Don't have a Kindle? Get your Kindle here.

Formats	Amazon Price		New from	Used from
Kindle Edition	�9.97		--	--
Paperback	�12.08		--	--

Product Description

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

Product details

Format: Kindle Edition
File Size: 1724 KB
Print Length: 250 pages
Publisher: McGraw Hill Text; 1 edition (22 Mar 2004)
Sold by: Amazon Media EU S.� r.l.
Language English
ASIN: B000QCTOO0
Text-to-Speech: Enabled

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Amazon.com: 7 reviews

32 of 35 people found the following review helpful

Dangerous Cheerleaders 14 Dec 2005

By Perpetual Dreamer - Published on Amazon.com

Format:Paperback|Amazon Verified Purchase

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.

35 of 39 people found the following review helpful

A terrific book! 21 April 2004

By Sheri Koones - Published on Amazon.com

Format: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.

22 of 24 people found the following review helpful

Good Read, but Leaves me wanting 3 April 2005

By QuixoticMan - Published on Amazon.com

Format:Paperback|Amazon Verified Purchase

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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