How a second home can be your best investment

by Tom Kelly

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About

Strategies for lifelong, tax-free second home ownershipThis book explains how to invest profitably in a vacation or future retirement home. Featuring success stories from second home buyers and often-overlooked financing options, How a Second Home Can Be Your Best Investment provides dozens of strategies and proven how-to avenues for finding the perfect home that will eventually pay for itself. Real estate experts Tom Kelly and John Tuccillo show readers how to save thousands through exchanges and exemptions and include valuable Web resources for both second home buyers and real estate investors. Readers will discover how to:Choose a second home and location with maximum appreciation potential Use a vacation home as a cash cow rental Subdivide a property Minimize the hassle factor of an investment --while maximizing rental income

Discussion questions for How a second home can be your best investment

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1
How does the concept of a second home shifting from a "luxury expense" to a "financial investment" change your perspective on real estate?
2
If you were to purchase a second home today based on the criteria in the book, what geographic region or type of location would you choose for maximum appreciation, and why?
3
The book discusses balancing personal enjoyment with rental income—how would you personally handle the emotional dilemma of letting strangers rent your vacation retreat?

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