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Buying a Second Home: Income, Getaway or Retirement
Buying a Second Home: Income, Getaway or Retirement

Paperback
Author: Craig Venezia
Publisher: NOLO
Release Date: 2007-02-08
ISBN-10: 1413305563
ISBN-13: 9781413305562
List Price: $24.99
Average Customer Rating:
Score = 4.5 Score = 4.5 Score = 4.5 Score = 4.5 Score = 4.5
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Summaries and Customer Reviews are supplied by Amazon.com

Summary:
Everything you need to know when hunting for a second home!

You don't have to be rich to buy a second home -- but you do need to be smart. Buying a Second Home delivers the smarts, showing how to make the purchase of your second home a success!

You'll learn how to identify an affordable price range, choose a great location, get low-cost financing, minimize taxes and more. Explore topics you won't find in other home-buying books, including:

  • innovative financing strategies
  • how to rent your property profitably
  • how to assess the investment potential of a fixer-upper
  • choosing the right mortgage for you
  • profiting from a second-home sale
  • buying a home in foreclosure
  • and much more

    The CD-ROM is chockful of handy checklists and custom worksheets that help you make sense of the entire process.

    If you're considering what could be the largest investment you'll make in your lifetime, be smart about it with Buying a Second Home.

    Customer Reviews
    Average Customer Rating: Score = 4.5 Score = 4.5 Score = 4.5 Score = 4.5 Score = 4.5

    Easy to understand information
    Customer Rating:  Score = 4 Score = 4 Score = 4 Score = 4 Score = 4
    This book delivers the often confusing financial and tax implications of owning investment properties in easy to understand language. Also good to couple with Second Homes for Dummies.

    Buying a Second Home: Income, Getaway or Retirement
    Customer Rating:  Score = 4 Score = 4 Score = 4 Score = 4 Score = 4
    Comprehensive treatment of second home subject. Readable, understandable, and broad in scope.

    Extremely Helpful
    Customer Rating:  Score = 5 Score = 5 Score = 5 Score = 5 Score = 5
    I found this book to be extremely helpful. The author did a great job at breaking down complex information into easy-to-understand, everyday language. In particular, I found the budget worksheet (which also appears on the CD-ROM in the back of the book) to be great! It walked me through step-by-step how to create a realistic, affordable budget. This book is a must have for anyone thinking about buying a second home.


    Invaluable.
    Customer Rating:  Score = 5 Score = 5 Score = 5 Score = 5 Score = 5
    The purchase of a second home for use as an income property, for vacation getaways, for retirement, is becoming more and more popular and no longer relegated to the upper income wealthy. Indeed, in today's market, two out of every five U.S. homes are purchased as a second residence. Craig Venezia is an authority on private mortgages and brings to bear his considerable experience and expertise in "Buying A Second Home: Income, Getaway Or Retirement", a comprehensive and detailed manual designed for the non-specialist general reader thinking about acquiring a second residence. Of special note are the 'Seven Secrets of Buying a Second Home' covering such fundamental issues as timing the purchase of a second home, budgeting for a second home, the importance of location, understanding tax consequences, nontraditional financing, renting to offset the expenses of purchase and maintenance, and protecting the investment that a second home represents. Accompanied by a CD containing useful checklists and custom worksheets for use when entering the market for a second residence, "Buying A Second Home" is essential, money-saving, investment enhancing, anxiety abating, fundamentally important reading for anyone contemplating the purchase of a second home for themselves that would be compatible with their financial resources and life style plans.

    Appreciate Depreciation
    Customer Rating:  Score = 4 Score = 4 Score = 4 Score = 4 Score = 4
    Easy book to understand the tax advantages (esp. depreciation) of buying a second home. Recommended. Couple with "How a Second Home Can Be Your Best Investment" for strategies in buying up.

























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