Millions of homeowners dream of owning a second home, for pleasure and profit, but they aren't sure they can afford it. Many who do own a second home are concerned that Uncle Sam will strangle them for selling it. Others are attempting to untangle the dilemma of being property rich and cash poor. Fortunately, there are now solutions to these three problems.

Let's explain the simple strategy that will enable your next real estate purchase, whether for investment, vacation, or retirement, to serve all three of these purposes over time, tax free. We call this concept of tax-free lifetime homeownership "The New Second Home." In addition, if you already own a traditional second home or homes, or rental property, this chapter also charts your course to greater equity, tax savings, and additional leisure time in the place you really want to be… Read more