Customer Reviews

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

5 star:		(4)
4 star:		(1)
3 star:		(1)
2 star:		(0)
1 star:		(1)

 

 

This book is meticulously written by two extremely sauvy real estate professionals who cover every aspect of second home ownership and show how one additional property can serve a variety of purposes over time (investment, recreation, retirement). They show how real estate can become "portable" - it can move with you, tax free, through your life while compounding your nest egg. It is a must have book for anyone considering purchasing a second home and might even induce those who hadn't considered this option, to look for a second home as a great investment as an alternative to the uncertain financial markets.

Some people need encouragement. Regarding our dreams for a 2nd home, most of us are probably stuck in ruts, not knowing how to get out. This book does a good job of helping readers envision the possibilities. Too good a job. They do not present a systematic process for realistically considering what a prospective 2nd home buyer can afford, whether this is even a good idea, the downs of investing (how will you feel after 6 months of no rent in your investment property while still paying the mortgage?) They don't have the reader ask enough tough questions before cheering them on to take this bold and potentially devestating step. Think the dot bomb was rough? How about staring a $2000/month mortgage in the face with no hope of liquidating that property that's worth 10% less than you paid for it! I recommend Investing in a Vacation Home for Pleasure and Profit by James H. Boykin instead.

I like this book, but it left me wanting more. The book does a nice job framing a second home as an investment, but the tax advantages are quickly addressed in chapter two w/o a lot of detail. After one read, I get the general idea, but not all of the implications. Also, the trade-offs of depreciation are only touched on vaguely.

However, the book is very readable and uses great antidotal examples (which I found helped me understand the material better). Also, there are lots of references for additional research. This i probably a good introduction into the subject and did leave me with enough information to decide to pursue this idea of a second home a little farther.

Excellent book for strategies in tax-free investing to achieving my personal goal of living in my dream house. I bought this book with "Buying A Second Home: Income, Gateway or Investment" to better understand the tax benefits of second-home ownership.

This book provides some excellent information regarding the topic. A must read for those who are considering investment in a second home.

Great book! We own second home so I think it will be very helpful with Taxes.

Tom Kelly and John Tuccillo have hit a GRAND SLAM with simply THE BEST and MOST CURRENT book on buying a second home. The have defined a new concept in real estate: how to make a real estate investment or a second home "portable." It will certainly become real estate's "bible for second homes" and is a MUST READ for buyers, investors and real estate sales pros alike. We are about to embark on the greatest transfer of wealth in the history of the world coupled with baby boomers retiring -- a recipe for EXPLOSIVE GROWTH in second home purchases. Kelly and Tuccillo show how our tax laws can work to everyone's advantage and how a real estate investment and change as one's needs and goals change. No info-mercial here: just easy-to-read and digest facts and examples by two of the real estate industry's most reputable writers and scholars. If you know anyone in the business or know someone thinking about buying a second home or other real estate investment -- buy them this book (and buy yourself one too). There simply is no better way to build wealth in America than through real estate investments.