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

Kelly, Tom

Softcover

ISBN 10: 0071429700 ISBN 13: 9780071429702

Publisher: McGraw-Hill, 2004

Synopsis

Invest in your future with the second home of your dreams

If you've thought of owning a second home--as a vacation property, a place to retire, or just a smart investment--what are you waiting for? If you can own one home, you can own two! How a Second Home Can Be Your Best Investment offers commonsense guidance and case studies that show ordinary homeowners how to find a second home, finance it, and use it to build long-term wealth.

In this practical, straightforward guide, real estate experts Tom Kelly and John Tuccillo show you how to use the equity in your current home as a down payment on a second home--and how to get other people to pay the mortgage! With a little patience, you'll own a second home that you can live in, sell tax-free, or use as a source of lifelong cash flow. Packed with useful resources, proven strategies, and simple, unbeatable real estate wisdom, you'll have all the tools you need to:

• Calculate what you can afford
• Choose a community
• Find the perfect property
• Get the best financing
• Understand and profit from tax laws
• Manage your second home as a rental, and
• Live richly off your investment!

About this title

About the Author:

Tom Kelly (Rolling Bay, WA) writes a nationally syndicated real estate column and is a former real estate editor for the Seattle Times.

John Tuccillo (Arlington, VA) was previously chief economist for the National Association of Realtors and gives more than 50 public speeches a year on real estate topics.

About this edition

• Publisher: McGraw-Hill
• Publication date: 2004
• ISBN 10: 0071429700
• ISBN 13: 9780071429702
• Binding: Paperback
• Edition number: 1
• Number of pages: 240