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As baby boomers retire, home offices increase, and an unsteady stock market prompts investors to consider their options, vacation home investing is gaining a growing following. Written by longtime real estate authority Jack Boykin, Investing in a Vacation Home for Pleasure and Profit offers timely, practical advice. Extremely accessible and well organized, the book walks readers through the entire process of acquiring a vacation property, from systematically evaluating home preferences and selecting a real estate agent to finding the ideal location and amenities and working out financing. It offers tips for finding leads on bargain purchases, as well as compares the pros/cons of new versus existing homes. Drawing from his years of experience, Dr. Boykin equips readers with the best negotiation techniques, offers ideas for raising equity capital, explains the proper use of deferred tax exchange technique, and covers mortgages, tax issues, rental concerns, resale, and much more. For anyone considering investing in a vacation home, this comprehensive resource is an invaluable guide!
Preface 1. Fundamentals of Sound Real Estate Investing 2. Impact of Boomers and Economy of Vacation Homes 3. What Do You Want in a Vacation Home? 4. Determining What You Need 5. Refining Your Search 6. What Type of Home Should You Buy? 7. Buy Furnished or Unfurnished? 8. Ownership Strategies 9. Selecting a Real Estate Agent 10. Negotiating the Purchase and Resale 11. Raising Capital for the Purchase 12. Financing the Purchase 13. Protecting Your Investment 14. Leasing Your Property 15. Federal Income Tax Influences on Owning Vacation Property 16. Maximizing Resale Profit Appendices Glossary