Overview

Own a second home for investment, tax savings, and pleasure There has never been a better time to own a second home. Demographics, lifestyle preferences, lower costs of ownership, tax-saving benefits, and the return of property appreciation are driving demand and growing the market for second homes. The baby boom bulge in the population is now pushing into the age categories that include the largest numbers of second-home purchasers. Now an expanding market for second homes coupled with increasing competition among mortgage lenders and property insurers is bringing down the costs and difficulties of second-home ownership. Even federal income tax laws offer pleasure users and investors a variety of new tax breaks and deductions. Covers location, forecasting investment potential, the new capital gains provisions, financing, and more Gary W. Eldred, PhD (Gainesville, FL), currently serves as the Executive Director of the National Initiative for Home Ownership. He is the author of 106 Common Mistakes Homebuyers Make (and How to Avoid Them) and Yes! You Can Own the Home You Want and coauthor of Investing in Real Estate, all from Wiley.

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GARY W. ELDRED, PhD, has been involved in hundreds of real estate transactions as a homeowner, investor, and market consultant. He has also held faculty positions in real estate at Stanford University, the University of Illinois, and the University of Virginia. Dr. Eldred is nationally known for his Stop Renting Now TM seminars, as well as his other popular books,The 106 Common Mistakes Homebuyers Make (and How to Avoid Them), Yes! You Can Own the Home You Want, and Investing in Real Estate, all from Wiley.

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