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	<pubDate>Sat, 06 Oct 2007 18:20:31 +0000</pubDate>
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		<title>Let your IRA fund your Second Home</title>
		<link>http://ussecondhomes.com/news/?p=14</link>
		<comments>http://ussecondhomes.com/news/?p=14#comments</comments>
		<pubDate>Wed, 19 Sep 2007 23:46:36 +0000</pubDate>
		<dc:creator>Larry Kinzie</dc:creator>
		
		<category><![CDATA[Financing Tips]]></category>

		<category><![CDATA[Second Home Ownership]]></category>

		<guid isPermaLink="false">http://ussecondhomes.com/news/?p=14</guid>
		<description><![CDATA[One of the frequently asked questions by Second Home buyers is where do I get the money to purchase my dream?  Many people use equity in their personal residence to either pay cash or provide down payment funds for conventional financing.  
Did you know that you can use your Individual Retirement Account (IRA) to purchase investment [...]]]></description>
			<content:encoded><![CDATA[<p>One of the frequently asked questions by Second Home buyers is where do I get the money to purchase my dream?  Many people use equity in their personal residence to either pay cash or provide down payment funds for conventional financing.  </p>
<p>Did you know that you can use your Individual Retirement Account (IRA) to purchase investment real estate?  Most people know that IRA&#8217;s can hold Real Estate Investment Trust (REIT) shares as part of their portfolio, however, few are aware that any owner of an IRA can fund an ICO (Self Directed IRA LLC or Corporation) and within that entity hold investment real estate.  The owner, then acting as manager of his/her own IRA is placed in the position of &#8220;fiduciary&#8221;, per Internal Revenue Code (IRC) Section 4975(e)(3) 4.  IRA&#8217;s are by definition accounts that hold investments on behalf of the owner to fund retirement, (usually over a period of many years) therefore, they are not technically held for vacation enjoyment.  While some of us are looking to purchase a Second Home for use throughout the year, many are looking for long term holding and eventual use as a retirement home  or investment for now with a week or two of use during the year and appreciated resale.  The ICO IRA will work well for such people.  With a properly prepared ICO it is even possible to invest in real estate outside of the United States.</p>
<p>Establishment and funding of the ICO requires an expert in the field who has the ability to set it up, provide an IRS Audit Support Warranty and will be there to counsel as the new ICO manager (IRA owner) executes his investment plan.  Most Financial and Estate Planners are not interested in this program because they are geared toward selling stock or mutual funds.</p>
<p>We will be glad to help any Second Home Pro with more details.  All Second Home Pro&#8217;s are Realtors and experts at assisting buyers and sellers with their real estate needs.  The use of an IRA ICO is another vehicle to accomplish that end.  Assisting our clients &#8221;unlock the door to their dreams.&#8221;</p>
]]></content:encoded>
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		<title>SECOND HOME PRO Branson Missouri</title>
		<link>http://ussecondhomes.com/news/?p=12</link>
		<comments>http://ussecondhomes.com/news/?p=12#comments</comments>
		<pubDate>Wed, 19 Sep 2007 15:11:14 +0000</pubDate>
		<dc:creator>Larry Kinzie</dc:creator>
		
		<category><![CDATA[Second Home Ownership]]></category>

		<category><![CDATA[Second Home Pro's]]></category>

		<guid isPermaLink="false">http://ussecondhomes.com/news/?p=12</guid>
		<description><![CDATA[ Judy and I recently had the opportunity to visit one of our first SECOND HOME PRO&#8217;S at her office in Branson, Missouri.  What a pleasure meeting Deborah and other agents in her office. They were professional and enthusiastic about their great marketing area.  It is hard to stop Deborah when she begins talking about what a wonderful place Branson is to establish a [...]]]></description>
			<content:encoded><![CDATA[<p><img vspace="5" align="left" src="http://ussecondhomes.com/news/wp-content/uploads/2007/09/branson-debbie.jpg" hspace="5" alt="branson-debbie.jpg" title="branson-debbie.jpg" /> Judy and I recently had the opportunity to visit one of our first SECOND HOME PRO&#8217;S at her office in Branson, Missouri.  What a pleasure meeting Deborah and other agents in her office. They were professional and enthusiastic about their great marketing area.  It is hard to stop Deborah when she begins talking about what a wonderful place Branson is to establish a second home. The area not only boasts the Ozark mountains <img vspace="5" align="right" src="http://ussecondhomes.com/news/wp-content/uploads/2007/09/branson-debbie-2.jpg" hspace="5" alt="branson-debbie-2.jpg" title="branson-debbie-2.jpg" />peaceful and quiet beauty, Lakes and streams with great fishing and world class golf and shopping, amusements parks and activities for the entire family, but, Las Vegas style entertainment too.  There are over 100 theaters staring first class entertainment.  My favorite was Andy Williams, one of our Country&#8217;s great entertainers (remember him) who makes Branson his permanent home.  I remember sitting on the floor watching his wonderful TV show.  Another favorite was Shoji Tabuchi who has a theater to rival any and is a fantastic violinist and puts on a show that will please any audience. </p>
<p>The Branson Landing, a new $420 million dollar lakefront entertainment and shopping district is the home of their first class convention center and two new Hilton hotels.  I guess I could go on and on.  I haven&#8217;t seen so many restaurants in one town outside of Florida.  It must be the 7 million annual visitors, it can&#8217;t be Branson&#8217;s permanent population of 6000. </p>
<p>I give Deborah and her area FIVE STARS! </p>
]]></content:encoded>
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		<item>
		<title>International Buyers Of Second Homes</title>
		<link>http://ussecondhomes.com/news/?p=11</link>
		<comments>http://ussecondhomes.com/news/?p=11#comments</comments>
		<pubDate>Wed, 15 Aug 2007 14:16:41 +0000</pubDate>
		<dc:creator>Larry Kinzie</dc:creator>
		
		<category><![CDATA[Second Home Ownership]]></category>

		<guid isPermaLink="false">http://ussecondhomes.com/blog/?p=11</guid>
		<description><![CDATA[The rest of the world has figured out what a deal it is to own a Second Home in the United States.  The National Association of Realtors (NAR) just completed a study of International Home Buying Activity of Second Homes and investment.  Statistics below were derived from that report.
 
When releasing the report Pat V. Combs, NAR [...]]]></description>
			<content:encoded><![CDATA[<p>The rest of the world has figured out what a deal it is to own a Second Home in the United States.  The National Association of Realtors (NAR) just completed a study of International Home Buying Activity of Second Homes and investment.  Statistics below were derived from that report.</p>
<p> </p>
<p>When releasing the report Pat V. Combs, NAR President said &#8221;In this Country we have always known that housing is a good long-term investment, and many foreign buyers seem to share this view.  This latest study shows that more and more consumers from around the world are interested in purchasing a home in the United States for themselves, as an investment, or simply to enjoy a piece of the American dream.&#8221;</p>
<p>The report found that nearly one in five Realtors has sold a home to an international client in the past year.  One good statistic the Realtors realized is that the median sales price of condos or homes purchased by international clients was $299,500.00; considerably higher than the median of $221,900.00 for US buyers for the same period.  While the majority of international buyers financed their purchase, twenty-eight percent paid cash; opposed to eight percent for US buyers.  Forty-seven percent of international buyers purchased exclusively for vacation use, while 22 percent were primarily motivated by investment.  Nearly one-third cited both vacation and investment as reasons for their purchase. </p>
<p> </p>
<p>What does all of this mean to those who specialize in the marketing of Second Homes?  If we are not catering to foreign investors, we should be.  In my marketing area, San Antonio, Texas, buyers from Mexico have always been there, but, we are now seeing buyers from Europe and Asia as well.  Sellers take note too!  Isn&#8217;t it great that you now have another source for buyers of your home.   What seller would not be glad to know that as our market in many parts of the Country is slowing, a new type of buyer is on the horizon? </p>
<p> </p>
<p>Agents who market Second Homes &#8220;THINK OUTSIDE OF THE BOX&#8221;.  The opportunities for our Second Home Pro&#8217;s are endless.  We are a group of Realtors who saw the demand comming, prepared ourselves and siezed the opportunity.  Not only are we ahead of the power curve; we are blazing trails with new types of ownership, financing and use.  We are marketing to a generation that is used to getting what they want and have the money to do just that.  The 78 million strong US Boomer Generation along with the many millions of European and Japanese Boomers, most of whom will be retiring in the next fifteen years, already form the wealthyist generation ever with anticipated inheritances in the trillions.  Over 200 million boomers world wide will be looking into the Second Home Lifestyle.  The onslaught of international Boomers competing for the privilage of establishing their Second Home in the United States has already begun.  We at US Second Homes are excited and want to see more marketing area affiliates.  Every state has regions that are popular for Second Homes, there are no exceptions .  Check out the agent info page!   </p>
<p> </p>
<p> </p>
]]></content:encoded>
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		<title>Second Home Realtors available throughout the Country and Beyond</title>
		<link>http://ussecondhomes.com/news/?p=10</link>
		<comments>http://ussecondhomes.com/news/?p=10#comments</comments>
		<pubDate>Sun, 12 Aug 2007 21:19:22 +0000</pubDate>
		<dc:creator>Larry Kinzie</dc:creator>
		
		<category><![CDATA[Second Home Pro's]]></category>

		<guid isPermaLink="false">http://ussecondhomes.com/blog/?p=10</guid>
		<description><![CDATA[Our goal is to offer an economical website where Realtors throughout the Country and Beyond that specialize in the SECOND HOME MARKET can advertise themselves and their lsitings of homes and condos to the consumer. 
Buyers of Second Homes need a place to shop not only for appropriate properties, but, for agents specializing in their desired [...]]]></description>
			<content:encoded><![CDATA[<p>Our goal is to offer an economical website where Realtors throughout the Country and Beyond that specialize in the SECOND HOME MARKET can advertise themselves and their lsitings of homes and condos to the consumer. </p>
<p>Buyers of Second Homes need a place to shop not only for appropriate properties, but, for agents specializing in their desired area.  The founders, Larry Kinzie and Judy Dietz are very knowlegable in their marketplace, in and around San Antonio, Texas, but, certainly not qualified to market homes in Hawaii, St. John VI, Dominican Republic or Colorado.  Our site lists Realtors that have market knowlege and experience helping &#8220;out of town buyers&#8221; become homeowners and residents of their community.  Our Second Home Pro&#8217;s are all Realtors and hold credentials for numerous specialties.  Many hold the Resort and Second Home Specialist (RSPS) designation and are experienced in 1031 Tax Deferred Exchanges. </p>
<p>While most of our focus is on Full Ownership, we have Fractional Ownership listings and Pro&#8217;s who are experienced in what many believe is the next big real estate boom.  Forty years ago most people had not heard of timeshare ownership, now almost everyone at least knows someone who owns a timeshare.  Fractional Ownership has many advantages over timeshare ownership and many resort developers are now involved in Fractional Developments and Condo Hotels.  In future blogs we will discuss all forms of ownership utilized in the Second Home Industry.     </p>
]]></content:encoded>
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		<item>
		<title>1031 Tax Deferred Real Property Exchanges for Second Homes</title>
		<link>http://ussecondhomes.com/news/?p=9</link>
		<comments>http://ussecondhomes.com/news/?p=9#comments</comments>
		<pubDate>Sun, 12 Aug 2007 20:18:14 +0000</pubDate>
		<dc:creator>Larry Kinzie</dc:creator>
		
		<category><![CDATA[Tax Deferred Exchange]]></category>

		<guid isPermaLink="false">http://ussecondhomes.com/blog/?p=9</guid>
		<description><![CDATA[original post 7/19/2007
Our real business is marketing Second Homes t







Let your IRA fund your Second Home
September 19th, 2007 
One of the frequently asked questions by Second Home buyers is where do I get the money to purchase my dream?  Many people use equity in their personal residence to either pay cash or provide down payment [...]]]></description>
			<content:encoded><![CDATA[<p>original post 7/19/2007</p>
<p>Our real business is marketing Second Homes t</p>
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<p id="post-14" class="post">
<h2><a rel="bookmark" href="http://ussecondhomes.com/news/?p=14" title="Permanent Link to Let your IRA fund your Second Home">Let your IRA fund your Second Home</a></h2>
<p><small>September 19th, 2007 <!-- by Larry Kinzie --></small></p>
<p class="entry">One of the frequently asked questions by Second Home buyers is where do I get the money to purchase my dream?  Many people use equity in their personal residence to either pay cash or provide down payment funds for conventional financing.  </p>
<p>Did you know that you can use your Individual Retirement Account (IRA) to purchase investment real estate?  Most people know that IRA’s can hold Real Estate Investment Trust (REIT) shares as part of their portfolio, however, few are aware that any owner of an IRA can fund an ICO (Self Directed IRA LLC or Corporation) and within that entity hold investment real estate.  The owner, then acting as manager of his/her own IRA is placed in the position of “fiduciary”, per Internal Revenue Code (IRC) Section 4975(e)(3) 4.  IRA’s are by definitation accounts that hold investments on behalf of the owner to fund retirement, (usually over a period of many years) therefore, they are not technically held for vacation enjoyment.  While some of us are looking to purchase a Second Home for use throughout the year, many are looking for long term holding and eventual use as a retirement home  or investment for now with a week or two of use during the year and appreciated resale.  The ICO IRA will work well for such people.  With a properly prepared ICO it is even possible to invest in real estate outside of the United States.</p>
<p>Establishment and funding of the ICO requires an expert in the field who has the ability to set it up, provide an IRS Audit Support Warranty and will be there to counsel as the new ICO manager (IRA owner) executes his investment plan.  Most Financial and Estate Planners are not interested in this program because they are geared toward selling stock or mutual funds.</p>
<p>We will be glad to help any Second Home Pro with more details.  All Second Home Pro’s are Realtors and experts at assisting buyers and sellers with their real estate needs.  The use of an IRA ICO is another vehicle to accomplish that end.  Assisting our clients ”unlock the door to their dreams.”</p>
<p class="postmetadata">Posted in <a rel="category" href="http://ussecondhomes.com/news/?cat=8" title="View all posts in Financing Tips">Financing Tips</a>, <a rel="category" href="http://ussecondhomes.com/news/?cat=6" title="View all posts in Second Home Ownership">Second Home Ownership</a> | <a href="http://ussecondhomes.com/news/?p=14#respond" title="Comment on Let your IRA fund your Second Home">No Comments »</a></p>
<p id="post-12" class="post">
<h2><a rel="bookmark" href="http://ussecondhomes.com/news/?p=12" title="Permanent Link to SECOND HOME PRO Branson Missouri">SECOND HOME PRO Branson Missouri</a></h2>
<p><small>September 19th, 2007 <!-- by Larry Kinzie --></small></p>
<p class="entry"><img vspace="5" align="left" src="http://ussecondhomes.com/news/wp-content/uploads/2007/09/branson-debbie.jpg" hspace="5" alt="branson-debbie.jpg" title="branson-debbie.jpg" /> Judy and I recently had the opportunity to visit one of our first SECOND HOME PRO’S at her office in Branson, Missouri.  What a pleasure meeting Deborah and other agents in her office. They were professional and enthusiastic about their great marketing area.  It is hard to stop Deborah when she begins talking about what a wonderful place Branson is to establish a second home. The area not only boasts the Ozark mountains <img vspace="5" align="right" src="http://ussecondhomes.com/news/wp-content/uploads/2007/09/branson-debbie-2.jpg" hspace="5" alt="branson-debbie-2.jpg" title="branson-debbie-2.jpg" />peaceful and quiet beauty, Lakes and streams with great fishing and world class golf and shopping, amusements parks and activities for the entire family, but, Las Vegas style entertainment too.  There are over 100 theaters staring first class entertainment.  My favorite was Andy Williams, one of our Country’s great entertainers (remember him) who makes Branson his permanent home.  I remember sitting on the floor watching his wonderful TV show.  Another favorite was Shoji Tabuchi who has a theater to rival any and is a fantastic violinist and puts on a show that will please any audience. </p>
<p>The Branson Landing, a new $420 million dollar lakefront entertainment and shopping district is the home of their first class convention center and two new Hilton hotels.  I guess I could go on and on.  I haven’t seen so many restaurants in one town outside of Florida.  It must be the 7 million annual visitors, it can’t be Branson’s permanent population of 6000. </p>
<p>I give Deborah and her area FIVE STARS! </p>
<p class="postmetadata">Posted in <a rel="category" href="http://ussecondhomes.com/news/?cat=6" title="View all posts in Second Home Ownership">Second Home Ownership</a>, <a rel="category" href="http://ussecondhomes.com/news/?cat=2" title="View all posts in Second Home Pro's">Second Home Pro&#8217;s</a> | <a href="http://ussecondhomes.com/news/?p=12#respond" title="Comment on SECOND HOME PRO Branson Missouri">No Comments »</a></p>
<p id="post-11" class="post">
<h2><a rel="bookmark" href="http://ussecondhomes.com/news/?p=11" title="Permanent Link to International Buyers Of Second Homes">International Buyers Of Second Homes</a></h2>
<p><small>August 15th, 2007 <!-- by Larry Kinzie --></small></p>
<p class="entry">The rest of the world has figured out what a deal it is to own a Second Home in the United States.  The National Association of Realtors (NAR) just completed a study of International Home Buying Activity of Second Homes and investment.  Statistics below were derived from that report.</p>
<p>When releasing the report Pat V. Combs, NAR President said ”In this Country we have always known that housing is a good long-term investment, and many foreign buyers seem to share this view.  This latest study shows that more and more consumers from around the world are interested in purchasing a home in the United States for themselves, as an investment, or simply to enjoy a piece of the American dream.”</p>
<p>The report found that nearly one in five Realtors has sold a home to an international client in the past year.  One good statistic the Realtors realized is that the median sales price of condos or homes purchased by international clients was $299,500.00; considerably higher than the median of $221,900.00 for US buyers for the same period.  While the majority of international buyers financed their purchase, twenty-eight percent paid cash; opposed to eight percent for US buyers.  Forty-seven percent of international buyers purchased exclusively for vacation use, while 22 percent were primarily motivated by investment.  Nearly one-third cited both vacation and investment as reasons for their purchase. </p>
<p>What does all of this mean to those who specialize in the marketing of Second Homes?  If we are not catering to foreign investors, we should be.  In my marketing area, San Antonio, Texas, buyers from Mexico have always been there, but, we are now seeing buyers from Europe and Asia as well.  Sellers take note too!  Isn’t it great that you now have another source for buyers of your home.   What seller would not be glad to know that as our market in many parts of the Country is slowing, a new type of buyer is on the horizon? </p>
<p>Agents who market Second Homes “THINK OUTSIDE OF THE BOX”.  The opportunities for our Second Home Pro’s are endless.  We are a group of Realtors who saw the demand comming, prepared ourselves and siezed the opportunity.  Not only are we ahead of the power curve; we are blazing trails with new types of ownership, financing and use.  We are marketing to a generation that is used to getting what they want and have the money to do just that.  The 78 million strong US Boomer Generation along with the many millions of European and Japanese Boomers, most of whom will be retiring in the next fifteen years, already form the wealthyist generation ever with anticipated inheritances in the trillions.  Over 200 million boomers world wide will be looking into the Second Home Lifestyle.  The onslaught of international Boomers competing for the privilage of establishing their Second Home in the United States has already begun.  We at US Second Homes are excited and want to see more marketing area affiliates.  Every state has regions that are popular for Second Homes, there are no exceptions .  Check out the agent info page!   </p>
<p class="postmetadata">Posted in <a rel="category" href="http://ussecondhomes.com/news/?cat=6" title="View all posts in Second Home Ownership">Second Home Ownership</a> | <a href="http://ussecondhomes.com/news/?p=11#respond" title="Comment on International Buyers Of Second Homes">No Comments »</a></p>
<p id="post-10" class="post">
<h2><a rel="bookmark" href="http://ussecondhomes.com/news/?p=10" title="Permanent Link to Second Home Realtors available throughout the Country and Beyond">Second Home Realtors available throughout the Country and Beyond</a></h2>
<p><small>August 12th, 2007 <!-- by Larry Kinzie --></small></p>
<p class="entry">Our goal is to offer an economical website where Realtors throughout the Country and Beyond that specialize in the SECOND HOME MARKET can advertise themselves and their lsitings of homes and condos to the consumer. </p>
<p>Buyers of Second Homes need a place to shop not only for appropriate properties, but, for agents specializing in their desired area.  The founders, Larry Kinzie and Judy Dietz are very knowlegable in their marketplace, in and around San Antonio, Texas, but, certainly not qualified to market homes in Hawaii, St. John VI, Dominican Republic or Colorado.  Our site lists Realtors that have market knowlege and experience helping “out of town buyers” become homeowners and residents of their community.  Our Second Home Pro’s are all Realtors and hold credentials for numerous specialties.  Many hold the Resort and Second Home Specialist (RSPS) designation and are experienced in 1031 Tax Deferred Exchanges. </p>
<p>While most of our focus is on Full Ownership, we have Fractional Ownership listings and Pro’s who are experienced in what many believe is the next big real estate boom.  Forty years ago most people had not heard of timeshare ownership, now almost everyone at least knows someone who owns a timeshare.  Fractional Ownership has many advantages over timeshare ownership and many resort developers are now involved in Fractional Developments and Condo Hotels.  In future blogs we will discuss all forms of ownership utilized in the Second Home Industry.     </p>
<p class="postmetadata">Posted in <a rel="category" href="http://ussecondhomes.com/news/?cat=2" title="View all posts in Second Home Pro's">Second Home Pro&#8217;s</a> | <a href="http://ussecondhomes.com/news/?p=10#respond" title="Comment on Second Home Realtors available throughout the Country and Beyond">No Comments »</a></p>
<p id="post-9" class="post">
<h2><a rel="bookmark" href="http://ussecondhomes.com/news/?p=9" title="Permanent Link to 1031 Tax Deferred Real Property Exchanges for Second Homes">1031 Tax Deferred Real Property Exchanges for Second Homes</a></h2>
<p><small>August 12th, 2007 <!-- by Larry Kinzie --></small></p>
<p class="entry">original post 7/19/2007</p>
<p>Our real business is marketing Second Homes throughout the Country and beyond, see the many listings located in premier Resort and Second Home areas.  Many people who own investment property are realizing that they have enormous equity and no reasonable depreciation left, are tired of the day-to-day management responsibilities or have lost interest in one type of investment and just want to change.  The traditional way to move from one investment to another more desirable investment is to sell the property, pay tax on any capital gains and re-invest the remaining proceeds.  For people who fit into that category, the use of a 1031 Tax-Deferred Exchange will fit the bill.  While only property that has been held for investment or productive use in trade or business qualifies, millions of people hold such property; many through inheritance.  While the actual administration of tax-deferrred exchanges is quite technical and requires using a Qualified Intermediary along with a knowlegable Realtor, the concept is simple.  There are many ways to complete the exchange which may actually involve a Simultaneous Exchange where one property is swapped for another (extremely rare) or numerous properties utilizing what is referred to as a Deferred Exchange.  In a Deferred Exchange certain steps and time schedules must be followed where-in the no longer desired property is sold to a third party, all proceeds placed in escrow with a Qualified Intermediary, another property identified and purchased with the proceeds. </p>
<p>Why not free up some equity in another real estate investment and begin enjoying the Second Home Lifestyle?  While the 1031 tax-deferred exchange program requires that  investment property held for a minimum of two years or more be replaced with another investment property; it is possible to use the rental home or condo personally for two weeks per year and retain your capital gains tax-deferred status.  Very stringent time limits and procedures must be followed to qualify.  As always, consult with a realtor that has the proper training and experience.  One of our Second Home Pro’s (many of whom hold the Resort and Second Homes Specialist designation) will be able to provide further guidance and assist you in ”UNLOCKING THE DOOR TO YOUR DREAMS”.     </p>
<p class="postmetadata">Posted in <a rel="category" href="http://ussecondhomes.com/news/?cat=3" title="View all posts in Tax Deferred Exchange">Tax Deferred Exchange</a> | <a href="http://ussecondhomes.com/news/?p=9#respond" title="Comment on 1031 Tax Deferred Real Property Exchanges for Second Homes">No Comments »</a></p>
<p id="post-8" class="post">
<h2><a rel="bookmark" href="http://ussecondhomes.com/news/?p=8" title="Permanent Link to Fractional Ownership of Residential Second Home or Condo">Fractional Ownership of Residential Second Home or Condo</a></h2>
<p><small>August 12th, 2007 <!-- by Larry Kinzie --></small></p>
<p class="entry">Original post 7/15/2007</p>
<p>What is Fractional Ownership?  So few Realtors and Consumers have heard of what will become the next big thing in Real Estate.  It is simply a partial ownership of a property normally held or investment or personal use.  Although joint ownership (Tenant In Common) has been around for ever, the term Fractional has evolved because it really makes sence for consumers who want to own a Second Home and either can’t afford or justify the purchase price or cost of maintenance individually.  Most owners of Second Homes do not utilize them the majority of the time and sharing the costs and use makes owning the property more economical.  Rather than purchase a small one bedroom condo in a resort location the fractional buyer can own a large home or penthouse condo, use it as often as he wants and share it’s use and expense with others.  Many who purchase Fractionals own more than one property so they can vacation in different locations.  Owning 1/2 to 1/10th of a home or condo means that along with the shared cost of ownership you also share in any appreciation.  To avoid problems, Fractional Properties are normally managed by a third party and owners have the right to sell their share at any time.  For more information about Fractional Ownership check out the US Second Homes website or mailto:larry@ussecondhomes.com. </p>
<p class="postmetadata">Posted in <a rel="category" href="http://ussecondhomes.com/news/?cat=4" title="View all posts in Fractional Ownership">Fractional Ownership</a> | <a href="http://ussecondhomes.com/news/?p=8#respond" title="Comment on Fractional Ownership of Residential Second Home or Condo">No Comments »</a></p>
<p id="post-7" class="post">
<h2><a rel="bookmark" href="http://ussecondhomes.com/news/?p=7" title="Permanent Link to What is the Real Estate Market Doing Throughout the Country?">What is the Real Estate Market Doing Throughout the Country?</a></h2>
<p><small>August 12th, 2007 <!-- by Larry Kinzie --></small></p>
<p class="entry">Original Post 07/17/2007</p>
<p>While I personally market Real Estate in and around San Antonio, Texas, my greatest interest is the National Second Home Market.  The National Association of Realtors continually monitors sales activity throughout the Country and in a recent speach President, Pat V. Combs said “inventories are helping to offset an affordability impact from higher mortgage interest rates.”… “The good news is buyers have more negotiating power with a fairly large supply of homes available in much of the Country.”  NAR also reported that sales have declined in certain parts of the Country and risen in other areas, specifically, up in West and North East and down in Midwest and South.  Lawrence Yun, NAR Senior Economist also reports that “housing activity continues to be impacted by tighter lending criteria and a lack of buyer confidence.”</p>
<p>I think that all of this is good news for the Second Home Market.  Interest rates, although slightly higher than they were only a few months ago are still very favorable; less than 7% for most Second Home Buyer Programs.  If you are looking for a Second Home where the market has softened, the time to buy is now!  Sellers should be more willing to look at a reasonable offer.  Don’t forget, the most improtant thing is to locate a Second Home or Condo in an area that you enjoy and want to spend either weekends or vacation in several times a year.  Remember, always work with a Realtor who is knowlegable of the Second Home Market trends.  We hope to have Realtor members in all Second Home Markets soon, but, if US Second Homes does not have one near or in your desired area we will  locate an experienced agent that will help you “UNLOCK THE DOOR TO YOUR DREAMS”.  For more information: mailto:larry @ussecondhomes.com.  </p>
<p class="postmetadata">Posted in <a rel="category" href="http://ussecondhomes.com/news/?cat=5" title="View all posts in National Real Estate Market">National Real Estate Market</a> | <a href="http://ussecondhomes.com/news/?p=7#respond" title="Comment on What is the Real Estate Market Doing Throughout the Country?">No Comments »</a></p>
<p id="post-4" class="post">
<h2><a rel="bookmark" href="http://ussecondhomes.com/news/?p=4" title="Permanent Link to The Time For Second Home Ownership Is Now">The Time For Second Home Ownership Is Now</a></h2>
<p><small>July 31st, 2007 <!-- by Larry Kinzie --></small></p>
<p class="entry">Original Post from July 16, 2007 </p>
<p>Everywhere that I look I see articles, TV news, etc. about the dynamic growth of the Second Home Market.  Yesterday there was an article in the “Parade Magazine” (Sunday Newspaper insert) entitled “Can You Afford A Second Home?”  This morning in the business section of the San Antonio Express News the lead article by Eileen Alt Powell of Associated Press was titled “For Many Americans, Vacations don’t fit into their lifestyle.”  Todays article discusses how people today are working longer hours and taking shorter vacations because of their hectic and stressful lifestyle.  Many people have found that one way to get ahead of the game is to purchase a second home or condo in a nearby resort area within a two hour drive of their permanent home.  The “get-a-way” can become a sanctuary/retreat where the day-to-day high stress of business and family can be left behind for a day or two at a time.  Why spend one years savings for a week or two in an exotic location when most weekends and holidays can be spent in a quiet secret location away from the hustle and bustle of daily life today?  Every State in this great Country of ours has wonderful get-a-ways just waiting to be discovered.  Once the location is determined, the Second Home purchased, use schedule planned; don’t forget to leave business at the office.</p>
<p>Years ago I found as a small business owner it was impossible to leave my work at the office and that is what lead me into the Second Home market.  We established a Second Home in a nearby (1/2 hour drive) small community with many recreational activities for our families use.  The home became a gathering place for not only my family as they became adults and established their own families, but, for our extended family and friends as well.  Over the years, as times and lifestyle changed (as they always do) we rented the home daily to others which covered part of the expense of ownership and yet we were still able to utilize it anytime that we wanted.  Eventually my wife and I decided to move to the small town and enjoy all that it has to offer.  The result of that experience was the beginning of the plan to establish this marketing website.  The objective of this site was and is to provide a location where Realtors can economically advertise themselves and their listings that are appropriate for the Second Home market.  Consumers throughout the world can search for a Realtor that specializes in locating Second Homes in a particular area, understands the financing challenges and local customs.  They can look through a large inventory of homes that vary in price from under $100,000.00 to several million.  Our motto “Let us unlock the door to your dreams” fits what we want to do.  The goal of our company is to help people establish their legacy; which can easily include a great family investment that will endure for future generations. </p>
<p class="postmetadata">Posted in <a rel="category" href="http://ussecondhomes.com/news/?cat=6" title="View all posts in Second Home Ownership">Second Home Ownership</a> | <a href="http://ussecondhomes.com/news/?p=4#respond" title="Comment on The Time For Second Home Ownership Is Now">No Comments »</a></p>
<p id="post-3" class="post">
<h2><a rel="bookmark" href="http://ussecondhomes.com/news/?p=3" title="Permanent Link to Welcome to the US Second Homes Blog">Welcome to the US Second Homes Blog</a></h2>
<p><small>July 30th, 2007 <!-- by Larry Kinzie --></small></p>
<p class="entry">Here you will find important news and commentary on real estate and the second home market.</p>
<p class="postmetadata">Posted in <a rel="category" href="http://ussecondhomes.com/news/?cat=1" title="View all posts in Uncategorized">Uncategorized</a> | <a href="http://ussecondhomes.com/news/?p=3#respond" title="Comment on Welcome to the US Second Homes Blog">No Comments »</a></p>
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<p>throughout the Country and beyond, see the many listings located in premier Resort and Second Home areas.  Many people who own investment property are realizing that they have enormous equity and no reasonable depreciation left, are tired of the day-to-day management responsibilities or have lost interest in one type of investment and just want to change.  The traditional way to move from one investment to another more desirable investment is to sell the property, pay tax on any capital gains and re-invest the remaining proceeds.  For people who fit into that category, the use of a 1031 Tax-Deferred Exchange will fit the bill.  While only property that has been held for investment or productive use in trade or business qualifies, millions of people hold such property; many through inheritance.  While the actual administration of tax-deferrred exchanges is quite technical and requires using a Qualified Intermediary along with a knowlegable Realtor, the concept is simple.  There are many ways to complete the exchange which may actually involve a Simultaneous Exchange where one property is swapped for another (extremely rare) or numerous properties utilizing what is referred to as a Deferred Exchange.  In a Deferred Exchange certain steps and time schedules must be followed where-in the no longer desired property is sold to a third party, all proceeds placed in escrow with a Qualified Intermediary, another property identified and purchased with the proceeds. </p>
<p>Why not free up some equity in another real estate investment and begin enjoying the Second Home Lifestyle?  While the 1031 tax-deferred exchange program requires that  investment property held for a minimum of two years or more be replaced with another investment property; it is possible to use the rental home or condo personally for two weeks per year and retain your capital gains tax-deferred status.  Very stringent time limits and procedures must be followed to qualify.  As always, consult with a realtor that has the proper training and experience.  One of our Second Home Pro&#8217;s (many of whom hold the Resort and Second Homes Specialist designation) will be able to provide further guidance and assist you in &#8221;UNLOCKING THE DOOR TO YOUR DREAMS&#8221;.     </p>
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		<item>
		<title>Fractional Ownership of Residential Second Home or Condo</title>
		<link>http://ussecondhomes.com/news/?p=8</link>
		<comments>http://ussecondhomes.com/news/?p=8#comments</comments>
		<pubDate>Sun, 12 Aug 2007 19:22:42 +0000</pubDate>
		<dc:creator>Larry Kinzie</dc:creator>
		
		<category><![CDATA[Fractional Ownership]]></category>

		<guid isPermaLink="false">http://ussecondhomes.com/blog/?p=8</guid>
		<description><![CDATA[Original post 7/15/2007
 
What is Fractional Ownership?  So few Realtors and Consumers have heard of what will become the next big thing in Real Estate.  It is simply a partial ownership of a property normally held or investment or personal use.  Although joint ownership (Tenant In Common) has been around for ever, the term Fractional has [...]]]></description>
			<content:encoded><![CDATA[<p>Original post 7/15/2007</p>
<p> </p>
<p>What is Fractional Ownership?  So few Realtors and Consumers have heard of what will become the next big thing in Real Estate.  It is simply a partial ownership of a property normally held or investment or personal use.  Although joint ownership (Tenant In Common) has been around for ever, the term Fractional has evolved because it really makes sence for consumers who want to own a Second Home and either can&#8217;t afford or justify the purchase price or cost of maintenance individually.  Most owners of Second Homes do not utilize them the majority of the time and sharing the costs and use makes owning the property more economical.  Rather than purchase a small one bedroom condo in a resort location the fractional buyer can own a large home or penthouse condo, use it as often as he wants and share it&#8217;s use and expense with others.  Many who purchase Fractionals own more than one property so they can vacation in different locations.  Owning 1/2 to 1/10th of a home or condo means that along with the shared cost of ownership you also share in any appreciation.  To avoid problems, Fractional Properties are normally managed by a third party and owners have the right to sell their share at any time.  For more information about Fractional Ownership check out the US Second Homes website or mailto:larry@ussecondhomes.com. </p>
]]></content:encoded>
			<wfw:commentRss>http://ussecondhomes.com/news/?feed=rss2&amp;p=8</wfw:commentRss>
		</item>
		<item>
		<title>What is the Real Estate Market Doing Throughout the Country?</title>
		<link>http://ussecondhomes.com/news/?p=7</link>
		<comments>http://ussecondhomes.com/news/?p=7#comments</comments>
		<pubDate>Sun, 12 Aug 2007 18:51:47 +0000</pubDate>
		<dc:creator>Larry Kinzie</dc:creator>
		
		<category><![CDATA[National Real Estate Market]]></category>

		<guid isPermaLink="false">http://ussecondhomes.com/blog/?p=7</guid>
		<description><![CDATA[Original Post 07/17/2007
 
While I personally market Real Estate in and around San Antonio, Texas, my greatest interest is the National Second Home Market.  The National Association of Realtors continually monitors sales activity throughout the Country and in a recent speach President, Pat V. Combs said &#8220;inventories are helping to offset an affordability impact from higher mortgage [...]]]></description>
			<content:encoded><![CDATA[<p>Original Post 07/17/2007</p>
<p> </p>
<p>While I personally market Real Estate in and around San Antonio, Texas, my greatest interest is the National Second Home Market.  The National Association of Realtors continually monitors sales activity throughout the Country and in a recent speach President, Pat V. Combs said &#8220;inventories are helping to offset an affordability impact from higher mortgage interest rates.&#8221;&#8230; &#8220;The good news is buyers have more negotiating power with a fairly large supply of homes available in much of the Country.&#8221;  NAR also reported that sales have declined in certain parts of the Country and risen in other areas, specifically, up in West and North East and down in Midwest and South.  Lawrence Yun, NAR Senior Economist also reports that &#8220;housing activity continues to be impacted by tighter lending criteria and a lack of buyer confidence.&#8221;</p>
<p> </p>
<p>I think that all of this is good news for the Second Home Market.  Interest rates, although slightly higher than they were only a few months ago are still very favorable; less than 7% for most Second Home Buyer Programs.  If you are looking for a Second Home where the market has softened, the time to buy is now!  Sellers should be more willing to look at a reasonable offer.  Don&#8217;t forget, the most improtant thing is to locate a Second Home or Condo in an area that you enjoy and want to spend either weekends or vacation in several times a year.  Remember, always work with a Realtor who is knowlegable of the Second Home Market trends.  We hope to have Realtor members in all Second Home Markets soon, but, if US Second Homes does not have one near or in your desired area we will  locate an experienced agent that will help you &#8220;UNLOCK THE DOOR TO YOUR DREAMS&#8221;.  For more information: mailto:larry @ussecondhomes.com.  </p>
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			<wfw:commentRss>http://ussecondhomes.com/news/?feed=rss2&amp;p=7</wfw:commentRss>
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		<title>The Time For Second Home Ownership Is Now</title>
		<link>http://ussecondhomes.com/news/?p=4</link>
		<comments>http://ussecondhomes.com/news/?p=4#comments</comments>
		<pubDate>Tue, 31 Jul 2007 20:49:01 +0000</pubDate>
		<dc:creator>Larry Kinzie</dc:creator>
		
		<category><![CDATA[Second Home Ownership]]></category>

		<guid isPermaLink="false">http://ussecondhomes.com/news/?p=4</guid>
		<description><![CDATA[Original Post from July 16, 2007 
Everywhere that I look I see articles, TV news, etc. about the dynamic growth of the Second Home Market.  Yesterday there was an article in the &#8220;Parade Magazine&#8221; (Sunday Newspaper insert) entitled &#8220;Can You Afford A Second Home?&#8221;  This morning in the business section of the San Antonio Express News [...]]]></description>
			<content:encoded><![CDATA[<p>Original Post from July 16, 2007 </p>
<p>Everywhere that I look I see articles, TV news, etc. about the dynamic growth of the Second Home Market.  Yesterday there was an article in the &#8220;Parade Magazine&#8221; (Sunday Newspaper insert) entitled &#8220;Can You Afford A Second Home?&#8221;  This morning in the business section of the San Antonio Express News the lead article by Eileen Alt Powell of Associated Press was titled &#8220;For Many Americans, Vacations don&#8217;t fit into their lifestyle.&#8221;  Todays article discusses how people today are working longer hours and taking shorter vacations because of their hectic and stressful lifestyle.  Many people have found that one way to get ahead of the game is to purchase a second home or condo in a nearby resort area within a two hour drive of their permanent home.  The &#8220;get-a-way&#8221; can become a sanctuary/retreat where the day-to-day high stress of business and family can be left behind for a day or two at a time.  Why spend one years savings for a week or two in an exotic location when most weekends and holidays can be spent in a quiet secret location away from the hustle and bustle of daily life today?  Every State in this great Country of ours has wonderful get-a-ways just waiting to be discovered.  Once the location is determined, the Second Home purchased, use schedule planned; don&#8217;t forget to leave business at the office.</p>
<p>Years ago I found as a small business owner it was impossible to leave my work at the office and that is what lead me into the Second Home market.  We established a Second Home in a nearby (1/2 hour drive) small community with many recreational activities for our families use.  The home became a gathering place for not only my family as they became adults and established their own families, but, for our extended family and friends as well.  Over the years, as times and lifestyle changed (as they always do) we rented the home daily to others which covered part of the expense of ownership and yet we were still able to utilize it anytime that we wanted.  Eventually my wife and I decided to move to the small town and enjoy all that it has to offer.  The result of that experience was the beginning of the plan to establish this marketing website.  The objective of this site was and is to provide a location where Realtors can economically advertise themselves and their listings that are appropriate for the Second Home market.  Consumers throughout the world can search for a Realtor that specializes in locating Second Homes in a particular area, understands the financing challenges and local customs.  They can look through a large inventory of homes that vary in price from under $100,000.00 to several million.  Our motto &#8220;Let us unlock the door to your dreams&#8221; fits what we want to do.  The goal of our company is to help people establish their legacy; which can easily include a great family investment that will endure for future generations. </p>
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		<title>Welcome to the US Second Homes Blog</title>
		<link>http://ussecondhomes.com/news/?p=3</link>
		<comments>http://ussecondhomes.com/news/?p=3#comments</comments>
		<pubDate>Tue, 31 Jul 2007 04:53:52 +0000</pubDate>
		<dc:creator>Larry Kinzie</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://ussecondhomes.com/news/?p=3</guid>
		<description><![CDATA[Here you will find important news and commentary on real estate and the second home market.
]]></description>
			<content:encoded><![CDATA[<p>Here you will find important news and commentary on real estate and the second home market.</p>
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