Retire On the House: Using Real Estate To Secure Your Retirement

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Binding: Paperback Dewey Decimal Number: 332.0240145 EAN: 9780471738930 ISBN: 047173893X Label: Wiley Manufacturer: Wiley Number Of Items: 1 Number Of Pages: 288 Publication Date: 2005-11-25 Publisher: Wiley Studio: Wiley
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Editorial Reviews: Use your home to finance your retirement Forgot to save for retirement, but bought a house? Saved a lot and also bought a house? Whatever your situation, Retire on the House can show you how to best use your home equity for a long and prosperous retirement. Focusing on both retirement and real estate, Retire on the House is designed for retiree homeowners who want to use their home equity to finance their retirement. Filled with valuable insights and practical advice, this unique guide illustrates a number of ways this can be done, including: * Selling your current home at the top of the market, moving to a less expensive residence, and retiring on your profits * Obtaining rental income from your current home by renting to boarders * Remodeling your home into units for much higher rental income * Three options for obtaining cash from your home without selling, remodeling, or renting it * Reducing or eliminating retirement expenses such as taxes * Balancing your real estate portfolio by diversifying with other asset classes Many of today's homes have tremendous value, and with Retire on the House as your guide, you'll discover how to use this value to achieve the retirement you deserve.
Spotlight customer reviews: Customer Rating: Summary: A great resource with tons of tips and suggestions. Comment: I love this book because it is well-written and market savvy, but it doesn't talk over my head. The suggestions for how best to utilize my real estate equity are clear and forthright. The predictions for new up and coming areas to purchase in are so helpful(and worth the purchase of the book alone.) Also, the various strategies for planning for retirement make this book an absolute must-have for anyone who owns or dreams of owning a home. I highly recommend this book. As far as financial books go, this gets my highest rating! Customer Rating: Summary: Great book on important subject Comment: If you or anyone you know has questions about real estate and the investment aspects of it - particularly as they get older then this is the book. After reading it, I decided to give copies of it for Christmas to my parents and my inlaws. It does a great job of laying out the options homeowners have of using their single family residence as an investment. The real life examples of using home equity with a variety of reverse mortgages, interfamily loans and home equity lines of credit were very useful. It helped clarify a dizzying array of options available to me and others as a homeowner who may one day need to use my home equity to assist in retirement. I found this book to be incredibly thorough, well-researched and well written. I highly recommend it to anyone with a meaningful amount of home equity and to those who advise investors on home investment options. Customer Rating: Summary: I recommend this book to anyone who owns a home Comment: This is the first book I have seen that clearly describes the many ways one can use home equity as a source of retirement income. With Social Security diminishing in importance, shrinking corporate pension plans, and a volatile stock market, using one's home as an investment can be the cornerstone of a comfortable retirement for many Americans. The authors provide very practical ways for using home equity to enhance retirement, including: renting, selling high and moving to other "value" areas, private annuity trusts, interfamily loans, and sales and reverse mortgages. I like that the authors have invested successfully in residential real estate themselves and that they have advised clients on many of the strategies described in the book. This book is a winner with timeless strategies and loads of advice. Customer Rating: Summary: Excellent book. Highly recommend it. Comment: This is a great book. Well written and well thought out. I highly recommend it without any reservation, whatsoever. More Reviews