Buying a Second Home: Income, Getaway or Retirement

By Craig Venezia

Book Overview

Second-home hunting has never been easier with everything you need to find and buy the right place at the best price You don't have to be rich to buy a second home -- but you do need to be reasonable. Buying a Second Home delivers the goods, showing you how to make the purchase of your second home a success

This third edition is a comprehensive update that reflects the realities of buying a second home in today's market, including dealing with stricter mortgage criteria, identifying an affordable price range, choosing a great location, minimizing taxes and more. Explore topics you won't find in other home-buying books, including:
-finding your dream house
-how to negotiate a bargain
-whether fixer-uppers are worth it
-how to save for down payments
-finding an affordable mortgage
-renting out your second home
-buying a second home as an investment

This all-in-one guide includes handy checklists and custom worksheets that help you make sense of the entire process, from buying to ownership.Get the step-by-step information you need to be smart about your investment with Buying a Second Home.

• Format: Paperback
• Language: English
• ISBN: 0692216200
• ISBN13: 9780692216200
• Release Date: June 2014
• Publisher: North Shore Media Group
• Length: 326 Pages
• Weight: 0.25 lbs.
• Dimensions: 0.7" x 7.0" x 10.0"

Customer Reviews

Easy to understand information

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

Comprehensive treatment of second home subject. Readable, understandable, and broad in scope.

Extremely Helpful

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.

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

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.