“It’s about time someone used plain English, along with a unique and humorous style, to explain to the American public (and even experienced real estate agents) that real estate is a tested-and-reliable method of planning comfortable retirement.” So says RE/MAX executive, Dave Liniger. Escapehomes.com couldn’t agree more. In the excellent book by Tom Kelly and John Tuccillo, How a second home can be your best investment, Kelly and Tuccillo give excellent information about how to effectively use the tax laws to achieve long-term financial goals.
The book's emphasis is on investment benefits of second or vacation homes, and the chapter’s reflect this approach, with emphasis on renting the property and market value appreciation strategies. They also cover how to select improvements that add market value. As one reviewer recently wrote, “Although this new book is far from perfect, it offers valuable insight into the many considerations of buying a second or vacation home both for personal use and as an investment. The abundant examples add realism lacking from many real estate books. It is a profitable read for individuals considering a second or vacation home purchase. On my scale of one to 10, this provocative book rates a 10.” Can’t get any better than that!
Here’s what you’ll learn when you have the book for yourself:
It Makes $ense: Why Your Second Home Will Pay Off
A Lifelong, Tax-Free, Second-Home Ownership Strategy.
Ingredients:
Linking the Key Ingredients: Exchanges and Exemptions Can Save You Thousands
Proven How-To Avenues for Finding a Good Deal on Your New Second Home
Can’t Afford That Getaway? Eleven Overlooked Financing Options
Location:
Reality Check: What to Look for in Any Community
Wants vs. Needs: Balancing What You Want With What You Can Afford
Where They Rolled the Dice: Second Home Buyers Share Their Stories
Income Generating Strategies
Using a Vacation Home As a Cash Cow Rental
Seven Methods for Marketing and Advertising
Minimizing the Hassle Factor of Your Investment
Appreciation Strategies
Choosing a Location That Will Appreciate Over Time
Property and Home Improvements That Will Eventually Pay for Themselves
Tips to Subdividing Your Property
Who Are These Guys? Understanding the 70 Million Consumers Who Are Your Best Possible Buyers
Appendix: Web Resources for Second Home Buyers and Real Estate Investors
Click here to order a copy of the book.