How a Second Home Can Be Your Best Investment

Get Your Signed Copy from this Site Now for $18.95

“A must read for anyone over the age of 18 . . .’’ Dave Liniger, chairman, RE/MAX International

“On my scale of one to 10, this provocative book rates a 10 . . .’’ Bob Bruss, syndicated columnist

Despite the yo-yoing economy, the second home market continues to be surprisingly strong. Fluctuating financial markets and recent tax changes have made real property an extremely attractive alternative, propelling consumers toward the possibility of a second home purchase sooner in the lives.
In addition, second home buyers no longer want just a beautiful getaway place to retreat to - they also want their second home to be good real estate investment.
How a Second Home Can Be Your Best Investment (McGraw-Hill Trade; Original Paperback: $16.95) explains how one additional property purchase – for investment, recreation or retirement – can serve all three purposes over time. The book offers terrific new strategies for acquiring and then turning your vacation getaway retreat into a valuable, comfortable investment known as “The New Second Home.’’
Written by Tom Kelly, a nationally syndicated real estate columnist and talk show host, and John Tuccillo, one of the nation’s foremost real estate economists and the former chief economist for the National Association of Realtors, How a Second Home Can Be Your Best Investment shows homeowners and real estate professionals how to find a second home, finance it, and use it to build long-term wealth.

"There are two points that we wanted to make clear in this book,’’ said Tuccillo, one of the most popular and sought-after real estate speakers in the country who addresses more than 50 real estate associations every year. “The first is that most folks buy second homes as an investment and would like to see that investment grow over time.

“The second is that real people buy second homes. We wanted their experiences in the book. I think we accomplished both ends."

The typical vacation or retirement home is not a million-dollar house in the Hamptons or a posh ski condo. Cottages, cabins and chalets are much more common than expansive estates. As millions of Baby Boomers get nearer to retirement, they are buying vacation homes where they hope eventually to retire and the second home market is expected to increase by 100,000 to 150,000 each year during the next decade. Investors of all ages now are considering a variety of rental homes that can later be traded for an eventual getaway property.
Kelly and Tuccillo explain how to invest profitably in a vacation or future retirement home – or an initial investment home that will eventually get you there. Featuring success stories from second home buyers and often-overlooked financing options, their book provides dozens of strategies and proven how-to avenues for finding the perfect home that will eventually pay for itself. It shows readers how to save thousands through exchanges and exemptions and includes valuable experiences of second home buyers and real estate investors.
“Many consumers underestimate the advantages of moving into their own rental property,’’ Kelly said. “They can buy a place on a lake, have renters pay for it and then eventually move in to it as their primary residence – tax free. Or, they can trade the rental for another home that might better suit their lifestyle down the road. The Taxpayer Relief Act of 1997 allows for countless combinations and possibilities.’’
How a Second Home Can Be Your Best Investmentexplains how New Second Home Owners can maximize the value of their investment, including:
How to choose a home and a location with maximum appreciation potential
How to buy a second home that will pay for itself
Ways to double the value of a vacation property
Tax strategies for your second homeHow to maximize rental income, while minimizing “the hassle factor”

Packed with useful resources, proven strategies, and simple, unbeatable real estate wisdom, readers will have all the tools they need to:

Calculate what they can afford
Choose a community
Find the perfect property
Get the best financing
Understand and profit from tax laws
Manage the second home as a rental

ABOUT THE AUTHORS

Tom Kelly is a nationally syndicated radio host and columnist as well as a former real estate editor for TheSeattle Times. He hosts an award-winning real estate program that originates for the CBS affiliate in Seattle and airs weekly in 40 domestic markets and on more than 450 international stations in 160 countries via Armed Forces Radio.

John Tuccillo is one of most well known speakers on the economy, real estate and business strategy in the country. He was previously chief economist for the National Association of Realtors, and currently serves as a director of several real estate and mortgage technology companies. He is the author of “The Eight New Rules of Real Estate” and “New Business Models for the New Economy” that have been instrumental in shaping the thinking of real estate industry leaders and salespersons approaching the challenge of changing their business models.

How a Second Home Can Be Your Best Investment – Get your SIGNED copy on this site!