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Front cover] How a Second Home Can Be Your Best Investment New Tax-Free Methods for Using a Second Home for Recreation, Retirement...AND Investment Tom Kelly and John Tuccillo [Spine] Kelly Tuccillo How a Second Home Can Be Your Best Investment New Tax-Free Methods for Using a Second Home for Recreation, Retirement...AND Investment [Back cover copy] Invest in your future with the second home of your dreams If you've thought of owning a second home--as a vacation property, a place to retire, or just a smart investment--what are you waiting for? If you can own one home, you can own two! "How a Second Home Can Be Your Best Investment offers commonsense guidance and case studies that show ordinary homeowners how to find a second home, finance it, and use it to build long-term wealth. In this practical, straightforward guide, real estate experts Tom Kelly and John Tuccillo show you how to use the equity in your current home as a down payment on a second home--and how to get other people to pay the mortgage! With a little patience, you'll own a second home that you can live in, sell tax-free, or use as a source of lifelong cash flow. Packed with useful resources, proven strategies, and simple, unbeatable real estate wisdom, you'll have all the tools you need to: Calculate what you can afford Choose a community Find the perfect property Get the best financing Understand and profit from tax laws Manage your second home as a rental, and Live richly off your investment! Tom Kelly is a nationally syndicated radio host and columnist as well as a former real estate editor for the "Seattle Times. John Tuccillo is a former chief economist for the NationalAssociation of Realtors. He delivers more than fifty public speeches a year on real estate topics.

Real estate investing guidance that only SmartMoney could provide As the financial markets waiver and mortgage rates continue to be near their historical lows, many people are looking to real estate as an investment alternative to stocks and mutual funds. But for those with little real estate investing experience, entering into this arena can be intimidating. The SmartMoney Guide to Real Estate Investing has been written to help anyone interested in real estate gain a firm understanding of real estate pitfalls and potentials. It clearly walks readers through real estate basics to educate individuals who may be looking to buy a home for themselves or merely as an investment. Information on mortgages, selecting property, working with brokers, and renovations are discussed along with many other real estate topics including: investing in single-family homes; the purchase of homes with low down-payments; performing renovations that will increase property value; flipping homes for profit; and navigating the turbulent waters of vacation and retirement home buying.Filled with expert knowledge that only SmartMoney could provide, The SmartMoney Guide to Real Estate Investing is the best choice for learning about real estate investing. Gerri Willis (Cincinnati, OH) is the Senior Financial Correspondent for SmartMoney magazine. She is an experienced and award-winning business writer and a frequent commentator on CNN, CNBC, Fox News, and MSNBC.