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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
This step-by-step guide to investing in a second home covers everything from assessing your investment to planning and managing the practicalities. CONTENTS: Introduction 1. Why buy an investment property? 2. Raising the mone.y 3. The right property. 4. Who needs an agent anyway? 5. How to market your property. 6. The long-letting landlord. 7. Furnishing a holiday cottage. 8. Cleaning a holiday cottage. 9. Managing a holiday cottage. 10. Buying for student children .11. Rules. regulations and legalities. 12. What to do if it all goes wrong. 13. Money out. 14. Money in. 15. Building your empire. Appendices.
The bestselling author of The Millionaire Next Door reveals easy ways to build real wealth With well over two million of his books sold, and huge praise from many media outlets, Dr. Thomas J. Stanley is a recognized and highly respected authority on how the wealthy act and think. Now, in Stop Acting Rich ? and Start Living Like a Millionaire, he details how the less affluent have fallen into the elite luxury brand trap that keeps them from acquiring wealth and details how to get out of it by emulating the working rich as opposed to the super elite. Puts wealth in perspective and shows you how to live rich without spending more Details why we spend lavishly and how to stop this destructive cycle Discusses how being "rich" means more than just big houses and luxury cars A defensive strategy for tough times, Stop Acting Rich shows readers how to live a rich, happy life through accumulating more wealth and using it to achieve the type of financial freedom that will create true happiness and fulfillment.
You've worked hard, lived carefully, and saved diligently. You've reached major milestones and accumulated more assets than you dreamed possible, and yet you hesitate. ""Can I retire?"" This book will help answer that question by showing you.... The tools you need to live a secure and independent retirement, without worrying about money What you must know before leaving a career behind How much it will cost you to live in retirement, and how to manage your cash flow The current choices for retirement health care, including lesser-known but effective options The threat from inflation: two secrets that politicians and bankers will never admit A realistic assessment of the impact that income taxes will have on your retirement Social Security's role in your retirement: when you should claim and how much it's worth to you How to construct and manage an investment portfolio for income and growth in retirement About immediate annuities and why you need multiple sources of retirement income The key variables and unknowns in your retirement withdrawal equation Reviews of the best retirement calculators, and tips for how to use them accurately Beyond the simplistic 4% Rule to the latest research on safe withdrawal rates Realistic bracketing of your retirement savings needs, without over caution or overconfidence The history of economic cycles and the related asset classes for optimal retirement security A survey of strategies plus original research for how to orchestrate your retirement distributions A practical "retirement fuel gauge" alerting you to problems while you still have time to act Backup plans: the "lifeboat strategies" for ensuring you'll never be without essential income The 6 crucial questions to answer before you can retire The one, simple, powerful, non-financial reason that you can and should retire earlier than later
Strategies for lifelong, tax-free second home ownership This 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
Dave Ramsey explains those scriptural guidelines for handling money.
When Real Estate Investors say, "I wish I'd known that," this is what they are talking about. Real Estate Investing Calculations are the Rules of Real Estate Investing, and you must know the rules. Real Estate Investing offers you four huge benefits that other forms of investing do not. *Cash Flow. *Asset Appreciation. *Financial Leverage. *Special Tax Treatment. But your success will depend on how well you estimate these items before you purchase a property, and how well you manage them after you purchase. A basic rule of Business Management is "In order to manage, you must first measure." And that's the purpose of 50 Real Estate Investing Calculations. This book teaches you how to generate these numbers yourself, and explains their meanings. These Calculations are the tools of your trade.
In this latest addition to the bestselling "Century 21" series, Ruth Rejnis explores all the important nuances of a midlife home (or second home) purchase. She helps potential buyers organize their objectives and learn about the variety of options open to them. The book features 50 money-saving tips, strategies for working with an agent, and Internet resources.
With more than 350,000 units sold worldwide, this fan-favorite will show you every strategy, tool, tip, and technique you need to become a millionaire rental property investor.
Central America is as different as the readers of this book. The region is an absolute paradox. It may be all that you imagine, but surprisingly, it is much more than one could ever embrace. It is more than the long and winding territory that connects North and South America. To the typical North American, the area conjures up vivid and varied images. On the geographical side, a mountainous area with volcanoes, colonial cities, jungles, and, of course, bananas and coffee. On the political front, turmoil, dictatorships and instability. On the economic front, rich versus poor, agriculture-based economies, and sweatshops where United States garments are manufactured and exported. It is a complex and fascinating place, home to 41 million people with a total gross domestic product of about $88 billion. How do you begin to categorize such a dramatic and extraordinary For starters, this region geographically encompasses seven countries: Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama. These countries have many mysterious cities and fascinating destinations that you could only hope to place them on the map in your mind.