The Complete Guide to Second Homes for Vacations, Retirement, and Investment

Manufacturer: Wiley
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Product Description

The Complete Guide to Second Homes for Vacations, Retirement, and Investment

Choosing the perfect location

Finding the right home

Forecasting investment potential

How to save thousands on financing

Here’s the knowledge you need to find, buy, and get the most fun and profit from your second home

If you’ve been thinking about buying a second home for getaways, vacations, investment, or retirement, now is the time to do it. You’ll gain from low interest rates, easier financing, large tax savings, and strong potential for appreciation. Smart buyers are getting into the market now, before aging boomers push prices even higher.

But what’s the best way to afford a second home? How much should you pay? What are the tax benefits? How can you be sure you’re getting good value for your money? What kinds of financing are possible? How can you negotiate the best deals and bargain prices?

Nationally renowned real estate expert Dr. Gary Eldred provides complete answers to these and all your other questions concerning the purchase of a second home. In a simple and clear style, he fills you in on everything you need to know to:

Develop a strategy to increase affordability
Research the market to find your best location
Choose a home that will quickly appreciate
Make the most of current tax-saving techniques
Select the right homeowner’s insurance
Rent to minimize risk and maximize profit
Create value through home improvements
Vacation free worldwide through home exchanges

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Customer Reviews

pathetic waste of $

Review Date: May 30, 2005

Reviewer: Alexander H. Braun, Manhattan, NY

This piece of garbage was the worst ripoff I've ever come accross. I am convinced that all previous reviewers are somehow related to the author. There was not even 1 piece of valuable info in this pile of junk. The author simply points out the most basic concepts in real estate. The 1st 100 pages or so are dedicated to picking a good location, because real estate in good locations appreciates in value faster than other areas.... wow! what a concept! 100 pages to point this out? JUNK! Don't get ripped off by this poor excuse for a real estate "expert". There is no specific info in this book which could possibly be of help to anyone. Beware!!!

Great Book! I can't put it down!

Review Date: April 28, 2004

Reviewer: ,

My husband and I are building a vacation rental. This book has been great for us. If you are thinking of investing in a second home it gives you all the information on how to go about buying. It has the advantages & disadvantages & how you could meet trouble. We had already bought our property before the book. Now that I've read the book. It's got me excited to look for a 3rd home after our house is done being built. You might as well have fun in your vacation home & make $ at the same time. Read the book, you'll like it!

This is a great guide for a very big purchase!

Review Date: February 17, 2004

Reviewer: Sunny Hersh Author of Midlife Mamas on the Moon, NJ United States

Eldred guides you through all the questions you must ask and answer before you buy any home, but of course with special considerations on buying a second home. Midlifers who have that chunk of money from a house sale, inheritance, or investment can ensure that money will be well spent to set them up for later years. Eldred has both been there (bought real estate) and done that (his research) and you will benefit from his experience.

A Must!

Review Date: August 28, 2003

Reviewer: J. Peterson, Phoenix, Arizona United States

I have read and re-read this book. I just bought a second home in the Arizona mountains with the idea of renting it out part-time and this book helped me to solidify some ideas and develop an action plan. I recommend it for anyone who has a second home or is thinking about it..

Thank you Dr. Eldred

Review Date: August 29, 2002

Reviewer: william franklin, Atlanta,GA

Following this author's techniques and advice we bought a second(future retirement) home on a lake in Georgia. Just as he forecast, homes like ours have jumped $100,000 in the past 2 1/2 years. Thanks for giving us the kick we needed to make the buy we've considered for years.

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